What does irs code 424 mean

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

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What does irs code 424 mean

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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