Your IRS Transcript is Like a Receipt
Every transaction on your IRS account has a code. That code tells you what happened. Without knowing what the codes mean, your transcript looks like gibberish.
Below are the most common codes you'll see. If you want a complete analysis of YOUR transcript with all codes explained, upload it to PROOF—we'll decode everything.
Common IRS Transcript Codes
Return received
IRS received your tax return
Return processed
Your return was processed
Return being processed/sent to another dept
Return in examination process or pending matching
Refund issued
Your refund has been issued
Deficiency assessment
IRS assessed additional tax owed
Deficiency assessment reversed
The assessment was cancelled
Penalty assessment
A penalty has been assessed to your account
Penalty abatement
A penalty was removed/reduced
Exam adjustment
IRS made an adjustment after examination
Levy
IRS has levied (collected from) your wages or bank account
These are just the common ones.
The IRS has 100+ codes. If you see codes not listed here, upload your transcript to PROOF and we'll decode them all for you with full explanations.
Codes That Mean You Need to Act
Return Being Examined
Your return is under examination. This means the IRS is reviewing it. Code 570 can appear for years while they investigate. Don't ignore this.
Deficiency Assessment
IRS says you owe additional taxes. This is a formal assessment. You have rights to appeal or dispute this. You have 30-90 days to respond.
Levy Issued
The IRS is taking money from your wages or bank account. This is serious. You need to understand your options ASAP.
Don't Decode Codes Alone
Codes are confusing. Context matters. Let PROOF analyze your full transcript and explain what everything means for YOUR specific situation.
Every Code Decoded
We decode every single code on your transcript and explain what it means.
20-30 Page Report
Full analysis of your account with context, timeline, and what each code means for you.
Your Options Mapped
Based on your codes and situation, we show you your realistic resolution options.
Upload Your Transcript. We'll Decode Everything.
Stop being confused by your IRS transcript. Get a complete analysis with every code explained, every line decoded, and your options laid out.
Or talk to an expert: Expert Review ($1,500+)