turbotax icon
turbotax icon
turbotax icon
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.

slswoodin
New Member

We filed our 2019 return on July 14th - mailed it in with a bank check. We were recently denied an SBA loan because our tax transcript is showing all zeros. Any ideas?

 
Connect with an expert
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

We filed our 2019 return on July 14th - mailed it in with a bank check. We were recently denied an SBA loan because our tax transcript is showing all zeros. Any ideas?

The IRS has not processed paper filed tax returns for several months due to the pandemic and limited staffing.  They have only just recently started to process approximately 11 million paper return in the order received.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-operations-during-covid-19-mission-critical-functions-continue

 

We’re experiencing delays in processing paper tax returns due to limited staffing. If you already filed a paper return, we will process it in the order we received it.

Do not file a second tax return or contact the IRS about the status of your return.

We filed our 2019 return on July 14th - mailed it in with a bank check. We were recently denied an SBA loan because our tax transcript is showing all zeros. Any ideas?

If the check has been cashed then at least you know your envelope was opened ... time it will take to process is what is in question ... could be weeks until the transcript is populated. 

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies