topic 2nd question. I filed my 2020 taxes on March 4th, why does my account transcript say April 05? Why is there a future date? in Get your taxes done using TurboTax

2nd question. I filed my 2020 taxes on March 4th, why does my account transcript say April 05? Why is there a future date?

Damun333 — Wed, 31 Mar 2021 17:54:01 GMT

Re: 2nd question. I filed my 2020 taxes on March 4th, why does my account transcript say April 05...

JamesG1 — Wed, 31 Mar 2021 18:10:18 GMT

This information may be helpful.

The "As of:" date on an account transcript is a placeholder. The IRS Very Old Computer runs updates on weekly cycles. Any listed transactions were processed on or before that date. If you owed a balance due, the assessed amounts would be current to that date. The refund, when it's paid, will be TC 846.

Re: 2nd question. I filed my 2020 taxes on March 4th, why does my account transcript say April 05...

Damun333 — Wed, 31 Mar 2021 18:14:12 GMT

Thank you for responding, but it's not only as of date it says tax return filed April 05 with a code 150 and a $346 amount.

Re: 2nd question. I filed my 2020 taxes on March 4th, why does my account transcript say April 05...

JamesG1 — Wed, 31 Mar 2021 19:44:35 GMT

Here is more. Have no idea why the assessment date would be April 5. I would have expected April 15 or May 17.

Does the amount sound correct?

Transcript code 150 titled Return filed and Tax Liability Assessed.

Re: 2nd question. I filed my 2020 taxes on March 4th, why does my account transcript say April 05...

Damun333 — Wed, 31 Mar 2021 22:54:55 GMT

I don't understand what the $346 is for. Is that something I owed?

Re: 2nd question. I filed my 2020 taxes on March 4th, why does my account transcript say April 05...

AmyC — Wed, 31 Mar 2021 23:18:30 GMT

The code 150 is establishing your tax liability. You actually had $346 tax liability but got a refund because of credits and withholding more than liability.

Re: 2nd question. I filed my 2020 taxes on March 4th, why does my account transcript say April 05...

hollie80 — Thu, 16 Sep 2021 19:51:18 GMT

I filled my tax and now my transcript show a negative on my account balance which is the amount that my refund should be and I have a line with code 150 with a date of Sept 29. is this when I will get my refund?

thank you for any insight you can offer.