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welcome to the waiting game fam. grab a seat, we're all stuck here š¤”
this wait is driving me insane fr
The 971 code is basically the IRS saying "hey, we're sending you mail" - nothing more, nothing less. Since yours is dated 06-25-2024, you should be getting that letter any day now if you haven't already. The $0 amount is totally normal for this code. Here's what I'd suggest: stop obsessing over WMR and your transcript for a few days (I know, easier said than done š ). Wait for that letter to arrive because it'll tell you exactly what they need or what's happening with your return. Could be anything from simple identity verification to requesting documentation for a deduction. Pro tip: once you get the letter, respond ASAP if they're asking for something. The sooner you send back what they need, the sooner your refund gets moving again. And yeah, the waiting sucks but at least you're seeing movement now!
Ugh I feel your pain! My 'as of' date has been jumping around like crazy too - went from Feb 15 to March 1, then back to Feb 22, now it's at March 8. I was literally losing sleep over this until someone on here mentioned that AI transcript analyzer thing. Just tried taxr.ai and it actually broke down exactly what each date change meant for my specific situation. Turns out mine keeps changing because they're verifying my dependents, not because there's anything wrong. Finally have some peace of mind! Worth the few bucks just to stop the constant anxiety checking š
Look for ur cycle code once ur transcript shows up. Mine ends in 05 so I only update on Fridays
It'll be on the top right of ur account transcript once it generates. Last 2 digits matter
Same struggle here! š Filed electronically 10 days ago and still seeing N/A on my transcript. Based on what others are saying about the Friday update cycles, I'm gonna wait until this Friday to check again instead of my current hourly refresh habit lol. Really hoping to see some movement soon - this waiting game is brutal!
Could you guys clarify something about the tax treaty between US and South Korea? I heard there's a "saving clause" that basically negates a lot of the benefits for US citizens. Is that true?
Yes, that's correct. Most US tax treaties contain a "saving clause" that allows the US to tax its citizens as if parts of the treaty don't exist. This means that as a US citizen, you can't use most treaty provisions to reduce your US tax liability. However, there are usually exceptions to the saving clause. For example, the treaty might still protect you from double taxation on Social Security benefits or certain pension income. But for regular employment income, you'll generally need to rely on the Foreign Earned Income Exclusion or Foreign Tax Credit rather than treaty provisions.
I went through almost the exact same situation when I was working in Seoul! The stress about potential border issues is real, but I can confirm you won't have problems entering the US. CBP doesn't check tax compliance during entry. That said, you definitely need to get compliant ASAP. I was about 5 years behind on filing when I finally dealt with it. The key things that helped me: 1. Used the Streamlined Filing Compliance Procedures - no penalties if your non-filing wasn't willful (sounds like your case) 2. Filed 3 years of back tax returns using Form 2555 for the Foreign Earned Income Exclusion 3. Filed 6 years of FBARs for my Korean bank accounts Since you've been paying Korean taxes, you'll likely owe little to nothing to the US thanks to the FEIE. The exclusion amount for 2024 is around $120,000, so unless you're earning significantly more than that, you should be covered. Don't put this off though - the longer you wait, the more complicated it gets. Start gathering your Korean tax documents and employment records now. You'll need them to prove your foreign residence and income for the exclusion.
This is incredibly helpful! I'm actually in a very similar situation - been in Tokyo for 3 years and just realized I should have been filing US taxes this whole time. Quick question about the Streamlined procedures: do you remember roughly how long the whole process took from start to finish? And did you need to get certified translations of your Korean tax documents, or were the originals sufficient for the IRS?
Dyllan Nantx
Wow 10 months is crazy but so happy you finally got yours! I'm currently stuck with the same 570/971 codes since August and this gives me so much hope. Quick question - did your transcript ever update with any other codes before the 846 showed up? Mine has been radio silent for weeks and I'm starting to panic š
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Emily Jackson
ā¢Hey! I totally get the panic - I was checking my transcript like every other day lol. Mine was pretty much silent too after the initial 570/971 codes showed up. No updates for literally months and then boom - the 846 refund code just appeared one day! I think the key is that once you see those codes, the IRS is working on it behind the scenes even though it looks like nothing is happening. August to now is definitely a long time but based on what others are saying here, you might be getting close! Have you tried that taxr.ai thing people keep mentioning? Might give you some peace of mind about where you're at in the process š¤
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Kirsuktow DarkBlade
This is so encouraging! I've been dealing with 570/971 codes since September and was starting to lose hope. Seeing that yours took 10 months but still came through makes me feel better about the wait. That's a nice chunk of change too - $28,582! š I'm definitely going to check out that taxr.ai site everyone's mentioning to see if I can get some clarity on my timeline. Thanks for sharing your success story and keeping the rest of us motivated! šŖ
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Taylor Chen
ā¢Congrats to OP for finally getting through! As someone new here dealing with the same codes since October, this thread has been super helpful. Just used taxr.ai based on all the recommendations and it actually broke down exactly what's happening with my case - apparently I'm in wage verification too and should see movement in 2-3 weeks! Worth every penny for the peace of mind. Thanks everyone for sharing your experiences, makes this whole process feel less lonely š
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