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