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The date on which the transaction is processed by the acquiring bank.

This date basically ties back to your IRS cycle code, and is the estimated date of next IRS processing, which will also result in an another update to your transcript. However you need to realize that the processing date is not your refund payment date. That will be signified by code 846.

You are able to see your cycle date via the free official IRS transcript, with this being an eight-digit number that follows the format of year-week of year-day of week. Therefore, it will look something like 20220602. The first four digits indicates the tax processing year, so this would be 2022.

What Are ?Cycle Dates? and ?Transaction Dates,? and Why Are They Important? A transaction date is the effective date of a transaction on a tax account, and the cycle date represents the date the IRS processed the transaction. Sometimes these dates coincide, and sometimes they do not.

What Does It Mean? The 'as of' date on tax transcript 2022 represents the date on which your tax balance is calculated by the IRS, including your interest and penalties. This date does not represent the date your tax balance is due, nor does it represent the date on which you will receive your tax refund.

You need to realize that the processing date on your transcript is not your refund payment date. That will be signified by code 846 (refund issued) where you will see your personalized date by when the IRS estimates your refund will be issued.

An IRS Code 846 on your transcript means that the IRS has issued you a refund for your tax return. You can use the cycle code to determine the approximate date that you will receive your refund, or you can use the Where's My Refund tool to get a more accurate date.

If you are able to see a cycle code on your tax transcript, then this means that your return has arrived at the IRS and is likely being processed. The cycle code and tax topic need to be used together to give you the most accurate return or refund status.

Your cycle code's first four digits reveal the year the tax is processed, while the fifth and sixth digits represent the week. With the last two numbers, you can find out right away if you're part of a weekly or daily batch cycle: If the last digits of your cycle code are 05, then you are part of a weekly batch cycle.

Electronic transcripts are normally delivered to the requested college within one to two business Page 2 days. Once received, colleges typically require an additional two to three weeks to process a transcript.