What Are IRS Codes 826, 846, 570? The Meaning Of Common Codes On Your 2022 Tax Transcript?

Asked one year ago
Answer 1
Viewed 166
0

Taxes can be confusing, but they don’t have to be. With a slew of numbers, acronyms and deadlines, it can be challenging to figure out how to interpret your returns. 

Let’s start with transaction codes, the three-digit codes that signify an Internal Revenue Service action related to your taxes, such as a credit or debit. The codes help create a history of your account.  An “R” following a transaction code shows that transaction has been reversed. 

Here are the most common codes to know this tax season:

What is IRS code 826? 

Transaction code 826 means that part of your tax refund was used to pay an existing tax debt.

Answered one year ago Mercado Wolski