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How to location date transcript

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hey friends welcome back to samis place this is the video that you guys have all been waiting for and in this video right here im going to explain how to read your account transcript and the reason im saying account transcript is because this is the way that you can get the most info about your refund your tax return transcript has a bunch of numbers that you mostly inputted when you filed but if you look at your account transcript which we have right here im going to show you how to read this along with the cycle codes and that good stuff if youre new make sure you subscribe and lets get to this video so again this is the account transcript right at the top it says any minus sign shown below signifies a credit amount so as you can see in this transcript and by the way this is not mine guys i this i just got this on google just to show yall so dont mind all this information on here but it says account balance negative six two five six so that is most likely the refund amount i

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What does the dates on my tax transcript mean?

The as of date on tax transcript 2022 represents the date on which your tax balance is calculated by the IRS, including your interest and penalties. This date does not represent the date your tax balance is due, nor does it represent the date on which you will receive your tax refund.

How do I read my IRS transcript cycle date?

What can my IRS Cycle Code tell me? The first four digits indicate the tax processing year (X0302) The fifth and sixth digits are the week of the year (2016XX02) The seventh and eighth digits are the day of the week your IRS Account was uploaded to the IRS master file (201603XX)

What are the dates on IRS transcript?

What are the Transaction Processing Dates? The transcript transaction processing date column shows the effective date of a transaction on a tax account, and the date listed on the line across from the transaction represents the date the IRS processed or plans to process the transaction.

What does the processing date on a transcript mean?

What does the processing date on an IRS transcript mean? The processing date represented by your cycle code informs you when your tax transcript will be updated.

Where can I find my date on my transcript?

You are able to see your cycle date via the free official IRS transcript, with this being an eight-digit number that follows the format of year-week of year-day of week. Therefore, it will look something like 20220602. The first four digits indicates the tax processing year, so this would be 2022.

What does the 846 date mean?

The date next to Code 846 is the date that the IRS sent your refund. If you are receiving your refund via direct deposit, this is the date that the direct deposit was initiated by the IRS. It can still take several days for the refund to appear in your account.

What do dates on transcript mean?

While some people may falsely believe that the as of date listed on their tax transcript represents the date that the tax payment is due or the date they will receive their tax refund, this date is actually referring to when their tax balance was calculated.

Will my transcript tell me when I get my refund?

Heres what they have to say: No, a tax transcript will not help you determine when you will get your refund. IRS transcripts are best and most often used to validate past income and tax filing status for mortgage, student, and small business loan applications and to help with tax preparation.

How do I read my IRS transcript for refund date?

Deciphering the Cycle Code The first four digits represent the current tax processing year. The fifth and sixth digits represent the week of the tax processing year. The seventh and eighth digits represent the day of the week that your account was uploaded to the IRS Master File.

How do I read my tax transcript for refund date?

The seventh and eighth numbers represent the IRS processing day of the week. Cycle Code Ending in 01=Friday(Daily) Cycle Code Ending in 02=Monday(Daily) Cycle Code Ending in 03=Tuesday(Daily) Cycle Code Ending in 04=Wednesday(Daily) Cycle Code Ending in 05=Thursday(Weekly)

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