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Returning Member
posted Mar 31, 2021 10:54:01 AM

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
Expert Alumni
Mar 31, 2021 11:10:18 AM

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.

Returning Member
Mar 31, 2021 11:14:12 AM

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.

Expert Alumni
Mar 31, 2021 12:44:35 PM

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.

Returning Member
Mar 31, 2021 3:54:55 PM

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

Expert Alumni
Mar 31, 2021 4:18:30 PM

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. 

New Member
Sep 16, 2021 12:51:18 PM

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.