Top Notch Tax Service

📢 We’ve Moved! 📢

Top Notch Tax Service is now at our new location:
📍 1136 Mosby Rd, Memphis, TN 38116

⏰ Tax season ends April 15th!
If you haven’t filed yet, don’t wait—time is almost up!

📝 Need more time?
We offer tax extensions until October 15th for just $125.

📞 Call us today:
Office: 901-207-6700
Cell: 901-319-6188

https://form.jotform.com/253454610166050

DeeDee Donelson

Common IRS Transcript Codes Explained

Here are some common IRS transcript codes taxpayers may see when checking their refund status:

150 – Return Filed
152 – Refund Processing
291 - Abatement of prior text
420 - Examination Indicator (Audit Check)
460 - Extension of Time for Filing
570 – Additional Account Review (temporary hold)
571 – Issue Resolved
572 – Additional Action Completed
576 – Refund Issued to Offset Debt
766 – Credit Applied to Account
768 – Earned Income Credit
806 – Withholding Credits Applied
810 – Refund Freeze
811 – Refund Freeze Removed
846 – Refund Issued
898 – Refund Applied to Other Debts
971 - Miscellaneous action (e.g. notice sent)

Seeing a code does not always mean there is a problem—many codes are simply part of normal processing.

Need help understanding your transcript?
Top Notch Tax Service (TNTS)
📞 901-319-6188
📍 5090 Millbranch Rd Ste 2, Memphis, TN

IRS Refund Update – 2026 Tax Season

Most IRS refunds are issued within 21 days, and direct deposit is the fastest way to receive your money. Paper refund checks are being phased out, so taxpayers should be prepared to provide their routing and account numbers for direct deposit.

Track your refund using:
• Where’s My Refund?
• IRS2Go App
• IRS Individual Online Account

For taxpayers claiming EITC or ACTC, the IRS expects most refunds to be available by March 2, 2026, with projected deposit dates appearing in Where’s My Refund? by Feb. 21, 2026.

Top Notch Tax Service (TNTS)
📍 5090 Millbranch Rd Ste 2, Memphis, TN 38116
📞 901-319-6188

File early, file accurately, and let TNTS help you get your maximum refund!

Important Tax Update for Families!

Beginning with the 2025 tax year, families may see updates to the Child Tax Credit, including continued credits of about $2,000+ per qualifying child, stricter SSN requirements, and the introduction of new Child Savings “Trump Accounts” for eligible children born starting in 2025, which may include a one-time government seed contribution (Form 4547 required).

Have questions about how these new tax changes may affect your refund?
Top Notch Tax Service (TNTS) is here to help!

📍 5090 Millbranch Rd Ste 2, Memphis, TN 38116
📞 901-319-6188

🚗 2025 TAX UPDATE – NEW CAR LOAN INTEREST DEDUCTION
Top Notch Tax Service (TNTS)
Starting in 2025, the IRS is allowing a NEW tax deduction for interest paid on qualified NEW vehicle loans — something that was never allowed before.
🔹 What this IS:
✅ A tax deduction that lowers your taxable income
✅ Available even if you take the standard deduction
✅ Up to $10,000 of eligible interest per year
🔹 What this is NOT:
❌ NOT a refundable credit
❌ NOT guaranteed refund money
🔹 Who may qualify:
✔️ Income under $100,000 (Single) or $200,000 (Married Filing Jointly)
✔️ New vehicle only (not used)
✔️ Personal-use car, truck, SUV, or motorcycle
✔️ Final assembly in the United States
✔️ Loan originated after December 31, 2024
📄 Lenders will report interest paid on a new IRS form beginning in 2025.
💡 Bottom line:
This deduction can help reduce what you owe, but it does not create a refund by itself.
📞 Call/Text: 901-319-6188
📍 Visit us: 5090 Millbranch Rd, Ste 2, Memphis, TN 38116
Have questions? Top Notch Tax Service (TNTS) is here to help — stay informed and prepared for the 2025 tax season!