What is the processing date on irs account transcript?

Processing date on the IRS account transcript refers to the date when the IRS processed the taxpayer's tax return or tax-related activities. This date is updated on the taxpayer's IRS account transcript once the IRS has completed processing the return or activity. The processing date is crucial for taxpayers as it determines the status of their tax refund, potential audit, or any other tax-related process. Taxpayers can refer to their IRS account transcript to track the processing date and check the status of their tax return or refund. It gives them an idea of when they can expect their refund or any follow-up communication from the IRS.