


Ask the community...
Oh my god I'm SO stressed about this too!!! I filed on 1/31 and my transcript is still showing N/A for 2024! I'm worried something is wrong with my return or that I made a mistake with my crypto reporting. š° What if they're flagging our returns for audit?? Has anyone had success checking their account transcript instead of the return transcript? I'm checking literally every hour and it's driving me crazy!
Has anyone figured out if there's a pattern to when the transcripts update? Like specific days of the week or times of day? I'm losing my mind checking constantly.
I track all my tax seasons like I track my investments - with spreadsheets and too much attention to detail! š Last year I filed on January 25th and my transcript didn't appear until February 16th. The year before, filed January 29th and transcript appeared February 12th. Compared to returns with just W-2 income, those of us with investment income (Schedule D, 1099-B, etc.) seem to take about 5-7 days longer to show up in the transcript system. It's like the IRS has a special slower lane for us investors.
Have you checked your Return Transcript or just your Account Transcript? Sometimes the Account Transcript stays empty while the Return Transcript shows processing. And have you verified your identity through ID.me yet? Could there be any reason your return might need manual review - perhaps a mismatch between your reported income and what employers submitted on W-2s or 1099s?
Just wanted to share some good news that might give you hope! I was in exactly your situation (filed Jan 31, one dependent) and my transcript was completely empty until yesterday. I checked the IRS2Go app and suddenly had a deposit date. When I checked the transcript online, it had fully updated with all processing codes at once. According to the IRS website processing tracker (https://www.irs.gov/refunds) they're currently working on returns received around Jan 29-31, so you should see movement very soon!
I feel your pain! I was in the EXACT same situation last year! š© I filed 2023 first, then realized I never filed 2022. It was so stressful but actually turned out fine! I called the IRS and they were surprisingly helpful. The lady told me it happens more than people think. For your small business, make sure you have all your expense receipts organized by category - this made a HUGE difference for me. I was so worried I'd get in trouble but it was just a normal process. You got this! šŖ
Based on what I've seen in the past few months, paper returns filed in March 2024 are taking anywhere from 8-12 weeks to process. I filed a late 2022 return on January 15th, 2024, and it was finally processed on March 21st, 2024 - so about 9 weeks for me. The payment plan is actually pretty straightforward once the return processes, but timing is everything. If your 2024 refund completes processing before you set up the payment arrangement, they'll definitely take it to satisfy the 2022 debt.
Be very careful with this situation. Here's what you need to do step-by-step: 1. Monitor your 2022 account transcript weekly 2. As soon as you see the return post (usually with a 150 code), call the IRS immediately 3. Request a payment plan before your 2024 refund processes 4. Get confirmation in writing I've seen many cases where people thought they had time, but the IRS systems are automated for offsets. Once your 2022 liability is assessed, you have a very narrow window before the offset happens automatically. In one case I worked with, the taxpayer lost a $4,000 refund because they waited just 3 days too long to set up their payment arrangement.
StarSurfer
According to the official IRS processing guidelines (https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions), PATH Act refunds cannot be issued before February 15th, but processing times after that date may vary considerably. The IRS.gov website specifically notes that the "Where's My Refund" tool typically updates for affected taxpayers by February 19th, but that's just when information becomes available, not necessarily when refunds are issued. Most PATH Act returns seem to follow weekly processing cycles, with major transcript updates occurring on Wednesdays and Fridays.
0 coins
Ava Martinez
Don't count on any specific timeline. Last year I got the PATH message and then waited 6 weeks for my refund. Friend of mine filed same day, got hers in 2 weeks after PATH lifted. No rhyme or reason to it. IRS doesn't prioritize based on need. They have their own internal system that makes no sense to regular people. Just don't make any financial plans based on when you think it's coming.
0 coins