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Damun333
Returning Member

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

 
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6 Replies
JamesG1
Expert Alumni

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

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.

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Damun333
Returning Member

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

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.

JamesG1
Expert Alumni

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

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.

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Damun333
Returning Member

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

Screenshot_20210331-175157_Gallery.jpg

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

AmyC
Expert Alumni

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

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. 

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hollie80
New Member

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

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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