IRS Tax Refund Process Quiz

What is one of the main reasons for delays in IRS tax refunds?

• Technical issues with the IRS website

• High volume of returns

• Processing holds due to tax credits

• Lack of IRS staff

What does the IRS transcript code 846 indicate?

• Additional account action pending

• Refund freeze

• Refund issued

• Notice issued

If you see the IRS transcript code 810, what does it mean?

• Your refund is frozen due to identity verification

• The IRS is sending you a letter

• Your refund has been issued

• Your refund is on hold for review

How long do electronic returns with direct deposit typically take to process?

• 6 to 8 weeks

• 21 days

• 3 to 4 weeks

• 5 business days

What should you do if your refund is delayed and it's been over 21 days since you filed?

• File a new tax return

• Wait for another month

• Contact your bank

• Check your IRS transcript for codes