turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

minisquid
Returning Member

IRS Account Balance vs Transcript

On the IRS site > account balance, it shows I owe for 2017, but if I pull the transcripts from the IRS site, there is no balance owed, leading up to 2021.  Which do I believe?  And why would there be a difference?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

IRS Account Balance vs Transcript

If you had a balance due on the 2017 return then the return transcript will always show that amount because that was what was on the return.  But the account transcripts would show the payments on all the tax years so if you paid off the balance due that is what will be on that transcript.  If the balance due was paid off from refunds of other returns that will also be reflected.  

IRS Account Balance vs Transcript

according to the IRS, your Account Balance is the amount you owe.

if you file for a refund, it will go toward your Account Balance.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question