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On today’s IRS tax refund update with one week to go until the tax filing deadline, we will take a look at the latest developments including the next rounds of tax refunds scheduled for release and the latest tax return backlog numbers out from the IRS and from there we will recap issues facing those impacted by delays including the 570 tax transcript code as well as the action required message along with adjusted tax refunds and what happens if your tax refund is returned to the IRS due to incorrect bank account information. Now starting off with the latest as the next rounds of tax refunds are scheduled for release on April 8th and 9th as confirmed by the refund status results and tax transcripts seen here, and if you are part of these latest refund batches and have chosen to receive that refund via direct deposit you should see that refund post to your bank account by that refund date and in some cases possibly before depending on your bank but do allow 5 additional days after the refund date for it to post to your bank account before initiating a payment trace with the IRS. Also taking a look at the latest numbers from the IRS as of their latest update they are reporting 88.5 million tax returns have been processed out of 89.5 million that have been filed with a current remaining balance of 1,023,000 unprocessed tax returns which include a number of our viewers who are still experiencing delays and it is important to note that number is up from 941,000 unprocessed tax returns reported in our last update and we do expect that backlog number to grow as additional tax returns are submitted before the tax filing deadline with some of those refund delays extending into the summer months. Many viewers impacted by delays also continue to report seeing the 570 and 971 codes on the their tax transcripts as seen here, now the 570 represents a potential issue with your tax return requiring additional action by the IRS while the 971 code represents a letter the IRS will be sending out and it is important to note the dates next to these two codes and if these two codes have the same date that means the IRS has corrected the issue and the refund will in fact be released with no further action necessary. 0:00 Introduction 0:32 New Refunds 1:47 Transcript Codes 2:35 Action Required 3:28 Adjusted Refunds 4:07 Returned Refunds 4:45 Closing This video is under Fair Use: Copyright Disclaimer under Section 107 of the Copyright Act in 1976, Allowance is made for "Fair Use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright status that might otherwise be infringing. Disclaimer: This is for informational purposes only and is subject to change. Material provided should not be considered tax, accounting, or legal advice. Please consult a certified tax consultant for tax advice. #TaxRefund #IRS #News #Taxes #TaxReturn #Tax #Refund #TaxSeason #youtube #video #new #newvideo #breaking news