1 d
Irs code 971 notice issued?
Follow
11
Irs code 971 notice issued?
This notice serves as a notification that your return is undergoing additional review, and you should expect further communication from the IRS regarding the resolution of. For many households, getting tax refunds is the norm. The notice provides that due to the unprecedented public health emergency posed by. Federal Tax Refund/ E-File Status Question. Did you also have to complete a face-to-face verification at your local IRS office? I sent it in a few weeks ago, and today my transcript was updated with a couple of new codes. The number of tax refunds sent out so far is 27. Feb 9, 2024 · Learn what TC 570 and TC 971 mean on your IRS transcript and how they affect your tax refund. 71,855 Satisfied Customers. When Code 971 appears on your tax transcript, it is often accompanied by Code 570, which signifies that additional reviews are needed. 00 (no financial transaction, just the issuance of a notice) What This Means Code 150 shows that your tax. You'll have to wait to receive the letter in the mail. Here's what to consider Receiving a tax refund in the form of a check can present some obstacles for certain taxpayers. Error codes can be frustrating, but they are actually designed. Still waiting for my refund. I see code 841 and code 971 notice issued. This means that you will receive an unemployment tax refund, and the amount will be paid to you through a cheque, direct deposit, or mail. what's 971 notice issued with a date of 3/7/22. 1 Award • 2 mo On the transcript, the date mentioned next to the 971 notice code, should be the date is shows on your IRS account or it is mailed out. However, the IRS occasionally reconciles the situation internally. We may send you a notice or letter if: You have a balance due. The code 971 represents a list of matters. 00 balance to "if you requested an adjustment" and back to $0 Transcript 898 and 899 Codes - Refund Applied to non IRS Debt. I have codes in this order 768 EIC credit - 4-15-2022 971 - 3-07-2022. This code can be input on Master File Tax (MFT) 30, MFT 31, and Non-Master File (NMF). On my transcript, I have a 570 followed by a 971. Learn what TC 570 and TC 971 mean on your IRS transcript and how they affect your tax refund. The IRS reject code IND-031-04 refers to a mismatch of prior year Adjusted Gross Income or PIN. If this happens, you'll get a notice from the IRS and you'll be in. Reply reply When you see there is a 766 code on tax transcript 2021, this means that your tax liability will be reduced by a dollar amount. The inventory includes all BMF tax types (i, Form 94X series, Form 1120 series, Form 1065. The Internal Revenue Service’s tax code 125 provides guidelines for employees to get access to qualified benefits that are exempt from federal or state income taxes, according to C. You must wait until Code 971 Notice Issued appears on the tax account transcript. One of the most frequent notices tied to code 971 is the CP05. Learn the possible reasons, how to check your transcript, and what to do if you have any issues. The TC 971 is the historical marker for the Notice 1444 issued by the White House. 570/971 UPDATE. You may then see code 846 for when the refund is issued. I received a letter at that address from IRS back in mid Feb explaining that I received this second stimulus and I was pretty confused Consider filing your taxes electronically. Jun 20, 2023 · This sequence allows for the initial review and resolution of any discrepancies before issuing a notice. Required fields are marked * Accounts Management (AM) employees respond to taxpayer inquires (phone and paper) as well as claims, certain applications, internal requests, and transcripts7. So that can be the reason for the 971 notice issued ?. The later date is the date the IRS issued the check and it can take up to 3 weeks for you to get your refund check in the mail based on IRS processing cycles (checks normally mailed on Fridays). Filed 1/19/24 accepted 1/27/24 wmr went from it is processing to delayed to path message Transcript updated with 570 code on 2/6/24 and updated with 971 on 2/16/24. com/Please also review several earlier videos on this channel ( https://wwwcom/c/Savingto. Code 150 Tax return files. It may also suggest additional steps for you to take. This includes the filing of a proof of claim in a bankruptcy proceeding. From my understanding, 570 is basically putting a freeze on the refund being paid out and 971 is a notice sent out. Internal Revenue Code: IRM: Internal Revenue Manual: IRS: Internal Revenue Service: MFT: Master File Transaction: NFTL: Notice of Federal Tax Lien: OIC: Offer in Compromise: SB/SE: Small Business/Self Employed Division: SFR: Substitute for Return: SRP:. Have a copy of the return and all supporting documents. When a person has more tax credits than they do tax liability, a refund for the overpayment will be issued to them. Get help with your taxes from experts and fellow taxpayers Can someone help me understand why I have a 971 notice issued? Anyone have the same cycle code?. The XREF TIN field will display the matched SSN of either the primary or secondary/XREF SSN from the TC. It was changed due to the credit line being off. IRS Publication 971 details the process for spouses requesting removal of tax liability for issues filed jointly. If the letter cannot be located, taxpayers should check their IRS online account or call the Taxpayer Protection Program (TPP) phone line at 800-830-5084. 9% higher than for the same period a year ago. Can anyone help me? I haven't been able to find a straight answer about the "971 Notice issued", and though my first stimulus was DD to my bank (Regions), there have been no such deposit this time around despite what the transcripts say. The agency issued an urgent warning to help retirees avoid the possibility of a big tax bill next spring. Code 971 Notice Issued on Tax Transcript. Our transaction codes guide identifies many of the most often used codes. Feb 14, 2020 · Code 971 and 570. Tax refund calculator Tax bracket calculator W-4 withholding calculator Self-employed expense estimator More calculators Latest tax law changes Active duty/reserve military Product reviews Tax tips TurboTax blog 74K subscribers in the IRS community. The OTN or offset trace number is occasionally included in the transcript, and you can find it next to Code 898. Code 977 replaces Code 150 on a tax account transcript. This code is very common for early filers. This notice will provide further information about the issue or alert you of extra IRS delays. Consider filing your taxes electronically. Navigating the eviction process can be a daunting task for both landlords and tenants. New comments cannot be posted and votes cannot be cast A place for Trainers to exchange Friend Codes, organize remote raids, and build Friendships The Meaning of IRS Code 977 on a Tax Transcript. Same for many many others on this subreddit. By clicking "TRY IT", I agree to receive newsletters and promotions from. When a TC 971 AC 504 is input on the taxpayer's account with the appropriate MISC field code without the identifier "-M" a systemic Notice CP 01C or Notice CP 01C (SP) is issued. If you contact us about a lost or stolen refund check, the notice we send you will tell you what action to take. IRS is holding on to that refund. 091: Revocation of being taxed as a small business. These transaction codes are similar, but unlike Code 150, Code 977 line doesn't have the Cycle Code. This doesn't mean Code 150 will be removed from the transcript but that its processing resets from the date displayed next to Code 977. From my understanding, 570 is basically putting a freeze on the refund being paid out and 971 is a notice sent out. Code 806 W2 withholding. 177: Abatement of estimated. 177: Abatement of estimated. Three types of relief are available to married persons who … I was wondering about code 971 as it says a notice is issued and wondering what to expect from that. We may send you a notice or letter if: You have a balance due. motorola fire department radios Three types of relief are available to married persons who … I was wondering about code 971 as it says a notice is issued and wondering what to expect from that. Programming TV codes on remotes can be a tedious task, especially if you encounter common issues along the way. Be wary of scammers and spammers. me for the first time all year, but it's not a PATH notice true. Learn more about e-file. Subscribe today and start dreading tax compliance less! What do codes 971+570 mean? Why are the dates 3-27-2023?. Taxes, Immigration, Labor Relations Just want to know what a code 971 on a tax return means. When Code 971 appears on your tax transcript, it is often accompanied by Code 570, which signifies that additional reviews are needed. Get help with your taxes from experts and fellow taxpayers Can someone help me understand why I have a 971 notice issued? Anyone have the same cycle code?. The filing of a suit by the United States against you to collect the joint liability. If you’ve noticed your steering wheel feeling loose or experiencing excessive play, it’s important to address the issue promptly. Taxes, Immigration, Labor Relations. I haven’t received any letter or update on transcript until now no DD either just 570&970 with same dates WMR says my refund adjusted to 0. It was changed due to the credit line being off. The Internal Revenue Service may need to see your invoices and other records if any discrepancies or issues ari. Filed and accepted 02/04/2022. IRS Form 5564 is called a Notice of Deficiency and should be returned with payment. the Code as an amount paid for the prevention of disease Rev 79-66 (1979-1 CB 114); Daniels vC Stringham v. I filed 2/4, Head of Household, and have Eitc/CTC, but also made 11,000$ for doordash 1099, and also multiple w-2's. Do you have 971 as well? I filed 1/28, had 570 and 971 (notice sent) 2 weeks ago, then this Friday updated for DDD 3/9. That IRS letter in your mail box may not be so bad. Jun 20, 2023 · This sequence allows for the initial review and resolution of any discrepancies before issuing a notice. death notices robinson culcrum cloughmills Find out how to resolve TC 570 issues, what amounts and dates to look for, and when to expect your refund … Publication 971 refers to when a spouse may be relieved of what is due, including taxes and penalties, in relation to a joint tax return. 00 80254-999-05099- 971 Notice issued 04-27-2020 $0 81K subscribers in the IRS community. It’s a giant hassle and you hav. 971 notice issued, Refund Issued 01/04, but GMP unavailable. my bar disappeared last week. This indicates the IRS needs more time and they will closely review your return before issuing any refund. If you received an IRS CP49 notice, the IRS used all or part of your refund to pay a tax debt. As the code description suggests, this is a good thing and means that after IRS and your actions (e. The government has chosen your file for an audit. Find… This is what I see on my transcript: 150 Tax return filed. The Transaction Codes 290 are tax assessments, each for zero dollars, and they "link" to the respective credits for the first and second Stimulus payments. If you have a 971 code, it could be for something like checking ID. Read your notice carefully - it will explain why we were unable to apply the amount you requested to the following year's taxes. Federal Tax Refund/ E-File Status Question Hello fellow citizens. Federal Tax Refund/ E-File Status Question Hello fellow citizens. Learn what causes these delays, how to check your tax transcript, and what to do if you disagree with the IRS assessment. To conduct hearings and make determinations under sections 6320 and 6330 of the Internal Revenue Code (relating to. This doesn’t mean Code 150 will be removed from the transcript but that its processing resets from the date displayed next to Code 977. IRS Code 846 will indicate that the refund has actually been issued to you and is on its way. mushroom gg Have you ever encountered an error code on your GE refrigerator that left you puzzled? Don’t worry, you’re not alone. The radio code is a security feature that prevents unauthorized use of the radio. It will show when the hold codes appeared, any notices issued, and when the hold is removed. Commissioner, 570 usually tends to fix themselves, wait for the next update, good luck, it's the 971 and 810 is bad. From my understanding, 570 is basically putting a freeze on the refund being paid out and 971 is a notice sent out. Mine was resolved in exactly 8 days. I have a future date of 03/07/2022 beside the tax code 570. Jan 24, 2024 · Effect on Other Documents19. In general, it means that an IRS notice has been sent to you explaining why your refund has either been offset or delayed. Feb 9, 2024 · Learn what TC 570 and TC 971 mean on your IRS transcript and how they affect your tax refund. 091: Revocation of being taxed as a small business. The agent told me the 971 code is a letter that is to be sent on 07/08/2024. If the higher rate has not already gone into effect because of a 504 notice, Action Code 035 is not necessary. You’ve gotten the dreaded notice from the IRS. What Is IRS Code 971. Today on 7-20-2023 Help please!! Reply Feb 15, 2024 · Yes, cycle 570 means your refund has been held, or delayed, by the IRS for an unspecified reason and an unspecified period of time. If you agree with the amount due, you should make a payment. Reverses TC 971 AC 0691133 IRM 574: AC 169: SSA NOTICE: FPLP generated Intent to seize up to 15% of your Social Security benefits (CP 91/298). You may see TC 570 (adjustment), TC 898 (BFS offset/non-IRS debt), TC 768 (Earned Income Credit applied), or 971 (Notice issued) before or after your 846 code. Filed and accepted 02/04/2022. Please feel free to follow up.
Post Opinion
Like
What Girls & Guys Said
Opinion
69Opinion
) As of January 29, 2023, for those taxpayers who receive a letter asking them to authenticate their identity and return. In general, it means that an IRS notice has been sent to you explaining why your refund has either been offset or delayed. These codes are designed to help you troubleshoot and identify any issues with your dishwash. A loose steering wheel can compromise your vehicle. But total from the 766 codes and 768 codes is higher than my refund amount I claimed. Code 971 notice can be issued for a very lengthy list of IRS transaction such as when a tax liability has been reduced by the IRS through either relief from innocent spouse, separation of liability or equitable relief, collection actions have commenced or even bankruptcy discharge. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting in late Feb. Sometimes the notices (not all) can be shown online, if you have an irs account, maybe check that Reply Fun_Pilot7444. Both are dated 3/15/2021. This reflects additional adjustments the IRS has made before issuing your refund. Code 150 Tax return files. Consequently, Code 826 is almost always followed by Code 971 Notice Issued on a tax account transcript. Once you start the Innocent Spouse process, you may see one or more of the following letters: Letter 3284-C, Non-Requesting Spouse Initial Contact. If you failed to file a tax return in the past, you could suffer a tax refund delay in later years when you file. This involves extensive proof of innocence to qualify. date code Code 971 IRS. I haven't received any letter or update on transcript until now no DD either just 570&970 with same dates WMR says my refund adjusted to 0. Apr 9, 2024 · IRS Code 971 = Changes/delays occurring with your personal tax return. Learn what this means, why it happens, and how to respond to it. Mar 11, 2024 · Input the CDP notice Transaction Code (TC) 971 codes manually using Form 4844, since CDP notice TC971 codes cannot currently be input for L2439/2439-A systemically through ICS1133, Issuing Notice of Intent to Levy/Notice of a Right to a Hearing in Field Collection, for guidance on the correct action code to use with TC 971. the Code as an amount paid for the prevention of disease Rev 79-66 (1979-1 CB 114); Daniels vC Stringham v. It will show when the hold codes appeared, any notices issued, and when the hold is removed. If you have a question or need. A notice has been issued dated 08082022 You do not have to wait for the notice to call IRS customer service and ask about the refund hold My take notice does not have a specific code besides topic 150 which makes no sense because my transcripts has a refund balance owed to me will follow and upload screenshot later It has a date of notice issued 4/3/17 and prior to that I had code 570 on the account transcript. petsmart cages I have the same job, same kids, i moved because i rent but its in the same neighborhood. I haven't received any letter or update on transcript until now no DD either just 570&970 with same dates WMR says my refund adjusted to 0. 00 766 Tax relief credit 04-27-2020 -$384. See more tax topics @ our website : https://savingtoinvest. The notice provides that due to the unprecedented public health emergency posed by. The 971 Notice is issued to tax transcripts when the IRS needs additional information to process your tax return or when there are potential delays or issues with your tax refund. The right to request a CDP hearing applies to the first NFTL filed or the first levy notice issued for a particular tax debt TC 971 AC 252 - Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320. In today’s digital age, many households rely on streaming services to enjoy their favorite movies and TV shows. Both are dated 3/15/2021. Propane is a versatile and efficient source of energy used for various purposes, from heating homes to powering appliances. 00 846 Refund issued. Do you have 971 as well? I filed 1/28, had 570 and 971 (notice sent) 2 weeks ago, then this Friday updated for DDD 3/9. Never had this happen before and I have no DDD for 2022 and no adjustment to my AGI or my Refund amount that im getting back. The code for letter will be 971 – Notice Issued. A malfunctioning dryer can be quite frustrating,. 8 million, which is 25. IRS Tax Code 971/570 - Info from IRS Agent. servicenow decision builder What does that all mean? No changes from last years taxes February 26, 2024 12:04 PM The notice issued with a future date of code 971 indicates that the IRS is currently reviewing your tax return or requires additional information to effectively process it. Taxes, Immigration, Labor Relations Just want to know what a code 971 on a tax return means. You must wait until Code 971 Notice Issued appears on the tax account transcript. However, its meaning can vary depending on a tax account transcript's other transaction codes. 811. Nov 3, 2021 · I filed my 2023 taxes got a DD with no problems but my 2021 taxes still processing with code 570&971 same date 02/20/2023. Probably confirming identity with the id. I have the same code with the date 3/6 next to it and I got a letter that day. IRS Code 971 = Changes/delays occurring with your personal tax return. Recieved 570 code first, that lets you know there was some kind of mistake of your return, the 971 code comes after, its basically just a notice letting you know your refund is on hold. This is a unique identifier used exclusively to identify AKPFD. If you agree with the amount due, you should make a payment. So I was checking my transcript and saw a code 971 then I went to check my mailbox and saw a letter stating I used ID. lightelligence Tax Refund/ E-File Status Question. It usually signals that you will be getting a letter in the mail with more information about your tax return. The addition of this code to your tax account transcript means two things. If we issue a Notice of Intent to Levy and you don't pay the balance due within 10 days of the date of the notice, the penalty for paying late increases to 1% per month. Once you start the Innocent Spouse process, you may see one or more of the following letters: Letter 3284-C, Non-Requesting Spouse Initial Contact. I have tried calling IRS and can not get through due to high call volume. On top of that, I have codes 971 - Notice Issued and 570 Additional account action pending with dates of 02-28-2022. The Amount section of the code line would show $0,00 if no tax return adjustments were made. This morning called the IRS and my husband's old employer is being audited. You should file a change of address Form 8822 or call the IRS to update your address over the phone. These transaction codes are similar, but unlike Code 150, Code 977 line doesn't have the Cycle Code. Letter 3657-C, No Consideration Innocent Spouse. 2024 TAX REFUNDS ON HOLD-IRS Transcript code 570 971-2023 TAX RETURNS UNDER REVIEW2024 TAX REFUNDS APPROVED-Time Frame To Receive Refunds after Identify Veri.
971 = IRS notice 420 = means under audit/further review. there should be a date beside your 971 and if they birs already fixed. Adjust this year's estimated tax payments to avoid any possible underpayment. FPLP Levy (Pre-levy CDP notice issued) — TC 971 AC 662 For Federal payments other than Social Security, a levy will be transmitted to BFS at least ten (10) weeks from when Collection Due Process. 72 x 80 exterior doors It has a date of notice issued 4/3/17 and prior to that I had20 Lev. This could relate to a number of distinct causes for the transition. Learn the possible reasons, how to check your transcript, and … It could mean nothing, 971 code could mean they sent you a letter, confirming that you filed a return or some other bullshit like confirmation of account access. me for the first time all year, but it's not a PATH notice true. So I was checking my transcript and saw a code 971 then I went to check my mailbox and saw a letter stating I used ID. The inventory includes all BMF tax types (i, Form 94X series, Form 1120 series, Form 1065. Learn the … As your friendly neighborhood tax nerd, let me walk you through what code 971 means, why your refund may be frozen, and most importantly – what you need to do … What does IRS Code 971 mean? In simple terms, IRS code 971 signals that changes or delays are occurring involving your tax return, which may affect your refund … Once the IRS has sent a notice or letter asking you for additional information, you may see a code 971. bay area fast track If reprocessing a return and moving a previously issued refund, enter Computer Condition Code (CCC) O (use red if an IMF return and use green if a BMF return) in the filing status portion of the return for (tax year 2017 and prior) and to the blank area below "Spouse was born" section for (tax year 2018 and later) to prevent a second refund. Our transaction codes guide identifies many of the most often used codes. Associated Transaction Codes. Code 971 notice can be issued for a very lengthy list of IRS transaction such as when a tax liability has been reduced by the IRS through either relief from innocent spouse, separation of liability or equitable relief, collection actions have commenced or even bankruptcy discharge. The right to request a CDP hearing applies to the first NFTL filed or the first levy notice issued for a particular tax debt TC 971 AC 252 - Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320. when will it start raining in portland Page Last Reviewed or Updated: 15-May-2024. An IRS Form 5564 should be mailed to the address shown on the IRS notice that came with the form. TC 898 reduces the amount of the refund with which it is associated. Feb 17, 2024 · Not that if you don’t see 846 and other codes like 570, 971, 420 or 424 show up on your transcript after the processing date, it could mean that your return is under review and your refund will likely be delayed.
Page Last Reviewed or Updated: 15-May-2024. I have a future date of 03/07/2022 beside the tax code 570. Learn what causes Code 971, how to check your transcript, and what to do if you disagree with the IRS decision. You may need to make changes to the amount of your payments based on the changes we made. Get help with your taxes from experts and fellow taxpayers Can someone help me understand why I have a 971 notice issued? Anyone have the same cycle code?. Line 30 and Code 971 - Notice Issued. Mar 2, 2023 · This will be documented in the account transcript by the addition of Code 971. if you want to know what they are. Required fields are marked * Accounts Management (AM) employees respond to taxpayer inquires (phone and paper) as well as claims, certain applications, internal requests, and transcripts7. Which I'm assuming is what they are going to refund me. We'll help you determine why the IRS added this code to your transcript The date column shows when the IRS has issued a notice or made changes to a tax return that don't require any action from a taxpayer. Generally, the 971 appears when the info you submitted does not match IRS records. I did not file early. If you see these codes, it is likely that another code 971 will be issued informing you that the IRS has sent another update notice about the status of the review. This indicates the IRS needs more time and they will closely review your return before issuing any refund. Irs send my refund to a closed account. A place for Trainers to exchange Friend Codes, organize remote raids, and build Friendships. Subscribe today and start dreading tax compliance less! What do codes 971+570 mean? Why are the dates 3-27-2023?. This code indicates that the IRS intends to send you a letter that clarifies why your refund was put on hold. IRS Publication 971 details the process for spouses requesting removal of tax liability for issues filed jointly. This could relate to a number of distinct causes for the transition. New comments cannot be posted and votes cannot be cast A place for Trainers to exchange Friend Codes, organize remote raids, and build Friendships The Meaning of IRS Code 977 on a Tax Transcript. 826 3/8 (transferred money to my 2019 tax balance, and my 2019 balance says 0 now) 971 notice issued 3/8. sequin jackets 9 provides guidance to AM employees assigned duplicate filing condition inventory. We would like to show you a description here but the site won't allow us. 570 971 Codes after adjusted refund. me for the first time all year, but it's not a PATH notice true. All amounts are accurate, the correct refund has been credited as well. Each TC identifies a specific action related to your account. 82K subscribers in the IRS community. Unfortunately, you cannot do much if the IRS freezes your tax refund. Looking at my IRS Transcript i see :"Code 971 Tax period blocked from automated levy program" What does this mean? 20164. I filed 70 days ago and last week got the 570 code (first update on my transcripts since filing) dated 4/8 and then today i wake up to a 971 dated 4/15 😭😭😭 so 17 more days before i find out what the notice issue is. Code 971 "Notice issued" on transcript. 570 means a freeze of refund. I'll update with what I get and when mine. Learn what causes Code 971, how to check your transcript, and what to do if you disagree with the IRS decision. ) As of January 29, 2023, for those taxpayers who receive a letter asking them to authenticate their identity and return. IRS Code 971 = Changes/delays occurring with your personal tax return. The IRS Code 150 is one of the most common tax return transaction codes. It includes penalties and taxes in connection with a joint tax return. Do you have 971 as well? I filed 1/28, had 570 and 971 (notice sent) 2 weeks ago, then this Friday updated for DDD 3/9. PROCESSING DATE May 17, 2021 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20211705 05-17-2021 $6,895. Generally its the other codes, like 570 or 810, that indicate your return is. beauty salon to rent birmingham As the code description suggests, this is a good thing and means that after IRS and your actions (e. When the tax code is posted to your account transcript, the IRS 971 code Notice Issued will most likely appear in the account transcript's explanations of transactions column. In many cases you can file for free. Remember that a 971 code is not the same as a 971 publication. (If a taxpayer lives outside the U, they should call 267-941-1000. Mine was 570 2/21 971 2/28 those codes mean your refund is being held and you have to wait 60 days from the 971 date for it to be reviewed 🤦🏽♀️ You will receive a notice on that exact date The filing of a claim by the IRS in a court proceeding in which you were a party or the filing of a claim in a pro-ceeding that involves your property. If I’m not mistaken, 971 means a notice was issued. the future date is an estimate of when the issue could be dealt with and then a code 577 would replace it. 25, dated 8/12/2020, is superseded. 5071C - **New notice format being issued beginning January 2024. Get help with your taxes from experts and fellow taxpayers. Learn more about e-file. Reverses TC 971 AC 0691133 IRM 574: AC 169: SSA NOTICE: FPLP generated Intent to seize up to 15% of your Social Security benefits (CP 91/298). Can anyone help me? I haven't been able to find a straight answer about the "971 Notice issued", and though my first stimulus was DD to my bank (Regions), there have been no such deposit this time around despite what the transcripts say. Federal Tax Refund/ E-File Status Question Hello fellow citizens. 8, Transaction Code 971. Indicates that a Form 8971 Information Regarding Beneficiaries Acquiring Property from a Decedent Under Internal Revenue Code Section 6035(a) was filed. you will see 150, (806) withholding 766, 768, then the FINAL 846 Refund Issued. Page Last Reviewed or Updated: 26-Jun-2024. Learn the possible reasons for this code and how it affects your refund amount.