IRS

What Is an IRS Cycle Code?

What Is an IRS Cycle Code?

IRS, Taxes

The IRS cycle code is an eight-digit number that you can find on your online tax transcript once your return has been posted to the IRS Master File. If you see a cycle code along with transaction code 150, you’ll know that your tax return is being processed.

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Miscalculation on Your 2020 Form 1040?

Miscalculation on Your 2020 Form 1040?

IRS, Taxes

If you’ve recently received a letter from the IRS stating that they “found a miscalculation on your 2020 Form 1040” caused by the Recovery Rebate Credit, keep reading. You’ve been waiting on a delayed 2020 refund for months and months…

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