A filing extension is recorded — more time to file, not to pay. Here is what it means, what usually happens next, and what to do.
On your account transcript it reads: 460 Extension of time to file Informational
TC 460 records an extension of time to file — for individuals, Form 4868, generally moving the filing deadline to October 15. It extends the time to file, not the time to pay.
Also written as: IRS code 460, code 460 on transcript, 460 IRS code, transaction code 460.
The return is expected by the extended date; when it posts, a TC 150 appears. Any balance not paid by the original due date accrues failure-to-pay penalty and interest from that date.
| On the same transcript | What it usually means |
|---|---|
| 460 + 670 | Extension filed with a payment. |
| 460 then 150 before the extended date | Return filed within the extension. |
Missing it brings the failure-to-file penalty back from the original due date.
Penalties on unpaid tax run from then.
Useful if a late-filing penalty is assessed in error.
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Decode my transcript →It prevents the failure-to-file penalty if you file by the extended date, but not the failure-to-pay penalty or interest on unpaid tax.
For individual returns, generally six months — to October 15.
On your IRS account transcript for the tax year — in your IRS Online Account under tax records, or by mail using Form 4506-T. The transactions section lists each code with its description, date and amount. Return transcripts do not show transaction codes.
Yes. IRS code 460, code 460 on transcript, transaction code 460 and TC 460 all refer to the same three-digit transaction code the IRS posts to your account.