I experienced this exact situation with a client return. Filed February 2nd, transcript remained N/A until February 16th. Return had Child Tax Credit and was historically cycle 05. The 846 refund issued code appeared exactly 21 days after filing, with direct deposit occurring 5 business days later. The IRS is clearly prioritizing returns in a different sequence this year, with many cycle 05 filers experiencing delays of 3+ weeks before transcript visibility.

Tax professional here. The IRS implemented new processing algorithms this year that are causing delays in transcript visibility. Cycle codes (like your 05) refer to the weekly processing cycle when your return is scheduled for final processing, not initial intake. Many taxpayers are experiencing delayed assignment to their historical cycles. The current processing timeframe is approximately 21 days for non-complex returns, but transcript visibility often lags behind actual processing status. Some returns are being processed but not showing in the transcript database due to synchronization delays between IRS systems. I'd recommend checking again this Friday after 6am ET, as that's when cycle 05 updates typically post to the transcript database.

Have you verified whether the discrepancy is in Box 1 (Federal wages) or Box 3 (Social Security wages)? They're often different amounts due to pre-tax deductions. The SSA website typically displays the Box 3 amount, while you might be looking at Box 1 on your W-2 when entering into TurboTax. Also worth checking if you have multiple W-2s that might be contributing to the confusion.

According to IRS Revenue Procedure 2023-24, discrepancies under $25 between information returns and tax filings are considered de minimis and explicitly excluded from triggering automated notices. I had a similar $3 discrepancy last year and filed without correction. My return was processed normally with no questions, and my refund was deposited exactly as calculated. The IRS systems are programmed to expect minor variations due to rounding differences between reporting systems.

To check your refund status with the IRS: 1. Go to IRS.gov/refunds 2. Click on the "Where's My Refund" tool 3. Enter your SSN, filing status, and exact refund amount 4. The system will show if your return is received, approved, or sent However, this doesn't show fees deducted by tax preparers. For that information: 1. Log into your tax preparer's website (TurboTax, H&R Block, etc.) 2. Look for "Refund Status" or "Order Details" 3. Check your bank account for the final deposit amount Hope this helps!

As of April 12, 2024, the IRS Where's My Refund tool is still the official way to check your refund status. If you filed on March 1st or earlier, you should see your refund information there. However, if you're looking for information about fees being deducted, that depends on how you filed. On February 15th, I learned that if you paid your tax preparer using your refund, the IRS doesn't track those fees - your preparer does. The IRS only shows the full refund amount they issued.

I can explain EXACTLY what's happening here. The SSA website updates when your Schedule SE data is transmitted, which confirms your self-employment tax contribution (12.4% for Social Security + 2.9% for Medicare) has been recorded. However, this is COMPLETELY SEPARATE from your income tax processing! To verify your full return status: 1) Check your IRS account transcript for processing codes, 2) Look for code 150 which indicates tax return filed and posted to your account, 3) If you see codes 806/807, your payments have been applied, and 4) Look for code 846 which indicates a refund issued. I'm SO RELIEVED I figured this out last year after similar confusion!

This happened to me last semester! I saw my gig earnings on SSA in early February but my actual tax return wasn't fully processed until March 12th. I remember being super confused because I thought they were the same thing. Called the IRS after waiting on hold for like 2 hours and they explained that SSA just gets notified about your earnings for Social Security purposes, but that's just one piece of your tax return. The rest was still going through their system. Got my refund about a week after my transcript updated with the 846 code.

Did you check if there's a separate login portal specifically for Liberty Tax customers? Sometimes these tax prep companies have their own branded version of the Republic Bank portal that requires different login credentials. Also, have you tried calling Liberty Tax directly instead of Republic Bank?

This happens every year with these refund transfer products. I've seen this pattern repeat itself across multiple tax preparation companies. Back in 2022, I had a similar issue with Jackson Hewitt, and before that with H&R Block. These bank products add an extra layer of complexity that often causes confusion. Your refund is likely fine - it's just the tracking system that's problematic. Here's what I've learned works best: 1. Contact Liberty Tax directly - Republic Bank customer service often can't help with Liberty-specific issues 2. Check your IRS transcript directly if possible 3. Wait 24-48 hours after seeing your state refund before panicking about federal 4. Remember that the advance is separate from your actual refund processing