Keyword Analysis & Research: irs tax refund code 846

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What does the tax code 846 mean?

The IRS uses these to track actions that are posted to your account on the Master File and they may appear on your IRS Account Transcript. IRS Code 846 Refund of Overpayment is the transcript code that signals the time for a happy dance and that a refund is forthcoming.

What is a tax code?

A tax code is a federal government document, numbering thousands of pages that details the rules individuals and businesses must follow in remitting a percentage of their incomes to the federal or state government. The tax code is used as a source by tax lawyers who bear the responsibility of interpreting it for the public.

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