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bunnyman12
Level 1
June 5, 2019
Question

What does irs code 424 mean

  • June 5, 2019
  • 1 reply
  • 0 views

my transcript says code 424 on 4/26 does this mean an audit is forthcoming?

    1 reply

    T
    Alumni - Champ
    TomD8Alumni - Champ
    Alumni - Champ
    June 5, 2019

    This web reference shows the meaning of every IRS transaction code:  https://www.auditdetective.com/Transaction_Code_Definitions.html

    According to this website, 424 means your return is going to be examined to see if an actual audit should begin: https://www.astps.org/wp-content/uploads/Detect-an-Audit-Slides.pdf

    **Answers are correct to the best of my ability but do not constitute tax or legal advice.
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