JamesG1
Expert Alumni

Deductions & credits

Code 421 is exactly the code that you want to see.  See IRS Transaction Codes Pocket Guide page 6.

 

The notation 420 does not necessarily mean that you will be audited.

 

The IRS selects many returns for examination but audits only a fraction of those selected. 

 

If you are being audited, you will receive a notice from the IRS.

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