What Does Code 898 Mean On Irs Transcript (2024)

FAQs

What is code 898 on tax transcript? ›

A TOP offset appears on the module as: TC 898 or TC 971 AC 598 (manual input of TOP offset record) with an Offset Trace Number (OTN), an offset amount, and a debtor-TIN field, if the offset is for a secondary spouse. OTN - Starting with 1 indicates primary taxpayer debt.

Then it says code 898 "refund applied to non irs debt".

Not all debts are subject to a tax refund offset. To determine whether an offset will occur on a debt owed (other than federal tax), contact BFS's TOP call center at 800-304-3107 (800-877-8339 for TTY/TDD help).

See our Held or Stopped Refund page or our video for more information. If the IRS is reviewing your return, the review process could take anywhere from 45 to 180 days, depending on the number and types of issues the IRS is reviewing.

IRC § 898 requires certain controlled foreign corporations (CFCs) to adopt the same tax year as their majority U.S. shareholder.

Tax transcript code 846 Refund Issued on your tax transcript means that the IRS has issued you a refund on your tax return. Tax Transcript Code 846 Refund Issued means that ...

The IRS may, for example, choose not to offset an overpayment against an outstanding federal tax refund because of undue hardship. However, the IRS's authority not to offset generally disappears once the offset has been done—it cannot reverse an offset.

Please visit Where's My Refund? for all updates to your tax year 2022 or 2021 refund, as this is the only automated source to receive updated information for prior years.

Use the IRS Where's My Refund tool or the IRS2Go mobile app to check your refund online. This is the fastest and easiest way to track your refund. The systems are updated once every 24 hours. You can contact the IRS to check on the status of your refund.

If the IRS decides that your return merits a second glance, you'll be issued a CP05 Notice. This notice lets you know that your return is being reviewed to verify any or all of the following: Your income. Your tax withholding.

What is the maximum time for refund processing? ›

The whole process generally takes 20-45 days from the day of e-verification or the receipt of ITR-V by the CPC.

If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.

What is code 898? · Where's My Refund?

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What is code 898? My transcript reads code 846 but then says code 898- refund applied to non IRS debt, $0.00. What does that mean???

How do I know if refund will be offset · Where's ...

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Code 898 is the code for an offset (non irs debt) and usually appears on transcripts 11 days after code 846 refund date. I've read WMR will update with an a...

Refund Reduced For Past Due Debt Obligation ...

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Many tax filers experience a feeling of joy when they see the refund approved and sent status on WMR/IRS2Go or code 846 (refund issued) on their tax transcript....

Let's start with transaction codes, the three-digit codes that signify an Internal Revenue Service action related to your taxes, such as a credit or debit. The codes help create a history of your account. An “R” following a transaction code shows that the transaction has been reversed.

Prevent an offset

Pay the full amount listed on the Intent to Offset Federal Payments (FTB 1102). Use the payment coupon included in the letter when you send your check or money order. To make a payment online, visit Payment options .

If a portion of your tax refund was applied to non-IRS debt, you will see IRS code 899 listed on your transcript.

Your tax return may show you're due a refund from the IRS. However, if you owe a federal tax debt from a prior tax year, or a debt to another federal agency, or certain debts under state law, the IRS may keep (offset) some or all your tax refund to pay your debt.