My 2018 tax transcript says “examination of tax return”

Is the code on the transcript TC 420, Examination of tax return?  See IRS Master File Codes, page 8A-16.

The IRS selects many returns or examination but audits only a fraction of those selected.  So the notation does not necessarily mean that you will be audited.

If you are being audited, you will receive a separate notice from the IRS.

As indicated above, the IRS' Transaction Code (TC) 420 indicates that an exam was initiated.

Do you possibly also see a TC 421?  This would indicate that the exam was closed. 

Sometimes examinations are opened and closed without notifying the taxpayer, if no good basis for pursuing the exam is identified.

My return is already processed and this is for my 2021 tax season. I have a processing date of 02/21/2022 but the last code I have on my account transcript is 420 I'm a pather so my wheres my refund says the path message. So what dos this mean and it has code 420 on 02/04

What if ur tax transcript says notice sent as of 2/21/22. Yet when  called the advocate line. They told me that it could be up to 4 weeks before a advocate gets in touch with me. Also I was told they may not accept me to help me with my case. I was told that they were not taking on any case that the tax payer didn’t owe money to places like child support, educational loans., irs , and others . Since that is not the case for me this year (previous years  I had to file injures spouse forms they most likely won’t help me. I contacted my local congresswoman for help and she sent me a email asking for a privacy and permission slip. It asked to send in a couple of documents . It wouldn’t accept the documents it asked for . I emailed her with the documents . She then sent a letter stating she sent the info she got to the tax advocate asking them to look into my case. Long story short I’m working with her to try and get this resolved . I have talked to the Irs exam dept who told me once I send in the proof of eic,ctc etc it would take around 150 days before I see my money. They are short staffed due to the pandemic according to both the irs exam guy and mh congresswoman. I’m freaking out bc im

in middle of closing and that money would be an important piece for the underwriting process. I pray ur right but im pretty sure im screwed 😞 but then why did they unfreeze the refund ? I pray they at least released some of it 😞 ty 

Let us know although I got a notice sent 02-21/22 but when I called the irs one agent told me I was mailed a noticed on 02/04/21 but that’s the date the 420!code was for which is confusing and it’s been 10 business days since 02/04 and no notice has been received I’m praying the agents I talked to just don’t know wtf they talking about bc why 810 then 811 on a date after the examination? Why release the freeze ? Idk it’s so confusing I’m weekly so I’m praying tonight we get an update bc I don’t want to wait a whole another week to see nothing 😞 at least get the  **bleep** notice so I can stop obsessive worrying 😞 

I just got off the phone with the IRS. She said I 420 and a cp75 letter that's supposed to be in the mail but I haven't received it. Then they said the was gne send to the exam dept. So it had  a option for them to return  my call so I'm waiting  on them

Well I got an update on my transcript today a refund is issued for 2/24/22 but only for the taxes I paid in which only a small fraction of what im supposed to be given back . Up too it still shows they owe me the rest of it with - sign and the right amount . When I talked to a exam it’s agent he told me what I’ll need to fax in and said I can go ahead and fax that in but the issue is I happen to have a copy of the letter my ex received when they did this to him last year and usually u need the response form which until this comes in the mail I wouldn’t have 😞 but I’m gonna go ahead and fax what I got in and try and write out a paper with the exact wording of the response page he had to send in . But according to the agent it’s prolly gonna take around 150 days to complete this review if the credits and I don’t have 5 months to wait so I’m legit in tears rn . Like I was counting on that money to finish this closing on my house! Without it I won’t have quite enough to close and then I’ll be completely broke when I’m supposed to have enough for moving expenses and a nice sized savings that will keep me secured with mortgage and bills for 6 months now if I can pull off getting another 4-7 grand I’ll be able to close but have no money at all to move and no cushion in my savings 😞 I’m legit about to throw up bc I already have slot invested in this closing (like 5 grand ) so if this falls apart I stand to lose all the money I just put into the house ! I’m at the point that I feel like everything is falling apart 😞 anyways my codes were as follows  810,811(which is freezing the refund and unfreezing refund but they only released the amount I paid into taxes basically ) then 971 (notice issued) then 420 which is an exam code and now 846 refund of the taxes I paid in. So now I am gonna no and keep trying to Contact the irs and advocates as well as my congresswoman . My congresswoman asked me to sign a privacy disclosure /release and send in some documents. Good luck y’all and hopefully this examination don’t take 150 days from receipt of my documents 😞