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Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

 
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11 Replies
soldier4
Returning Member

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

I don't have a 846 code I do however have minus signs next to amount and by accurals below that. Do you have all that also

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

@soldier4 Please look at the answers down below, I have posted a picture of an Account Transcript with explanations

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

On a Return Transcript there is a line that says REFUND AMOUNT and -$XXXX and yes that is your refund amount.

On an Account Transcript you will see lines such as:

764 Earned income credit followed by -$XXXX and that is the amount of your refund from the EIC

846 Refund Issued followed by -$XXXX and this is the amount of your final refund.

soldier4
Returning Member

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

I received all the codes except 846 refund issued on my transcript
soldier4
Returning Member

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

I don't have code 846 refund issued

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

If you are awaiting the EITC and/or the ACTC you wouldn't have the Code 846 yet as those refunds are not going to be issued prior to 2/15

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

This is an example of an Account Transcript detailing what it means

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

I looked at my account transcripts for 2021 for the year of 2022. It's has a code 766 tax relief credit minus 1400 amount 03/27/21 and 

Under that it says code 846 refund issued 03/17/21 1400 but no minus on this one. What does that mean? Does that mean I'll get 1400 or 1800

JAWSHUA
New Member

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

On my account transcript it's showing various codes a few with -XXXXX and one with a "positive" numeric number. Does the negative mean they'll be taking that number from my refund amount that I was told that I'll be getting back?

JAWSHUA
New Member

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

I'm having the same question.. lol

SForrestLO
Intuit Alumni

Ordered my IRS Return transcript and it has a negative sign next to my refund amount and balance due.. does this mean that's what my refund will be?

Please refer to the IRS for information on their codes. 

IRS Codes

Master File Codes

 

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