This video provides viewers with crucial information about IRS tax transcript cycle codes and updates. Taxpayers are eager to know when their refund will be deposited into their bank account, and understanding the IRS cycle code on their tax transcript can help them find this information. Daily and weekly updates are available, and taxpayers can determine which one applies to their account by looking at the last two digits of their cycle code. Mass updates typically occur on Tuesdays and Fridays for daily and weekly reports. Finally, updates occur overnight between midnight and 3am EST.
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This is a Clip from the Vlog "r/IRS Questions," which hopes to provide a steady path of information for the /r/IRS Reddit community and anyone interested in tax compliance. This channel also features the latest Internal Revenue Service news, IRS commentary, and tips from tax expert John R. Dundon.
www.reddit.com/r/IRS
www.JohnRDundon
