Collection on the balance is paused while your claim or dispute is considered. Here is what it means, what usually happens next, and what to do.
On your account transcript it reads: 470 Taxpayer claim pending Hold or watch
TC 470 suspends collection on a balance while a claim or dispute you filed is considered — an amended return that would reduce the balance, a request for abatement, or a response disputing an assessment. It stops balance-due notices from escalating in the meantime.
Reversal code: TC 471 — Claim-pending hold reversed. When it posts after this code, the effect above is undone.
Also written as: IRS code 470, code 470 on transcript, 470 IRS code, transaction code 470.
When the claim is decided, a TC 471 reverses the hold. If the claim is allowed, a 291 or a penalty abatement reduces the balance; if it is disallowed, collection notices resume and a Letter 105C or 106C explains the disallowance.
| On the same transcript | What it usually means |
|---|---|
| 470 → 291 → 471 | Claim allowed; balance reduced. |
| 470 → 471 + Letter 105C | Claim disallowed; notices resume. |
| 470 + 977 | An amended return was received and is pending. |
Certified mail receipts and copies of the claim.
A 291 or abatement line means it worked; a 105C or 106C means it did not.
The disallowance letter explains the Appeals window.
Paste it into the free decoder — every code explained, open holds flagged, refund and offsets summarized. Runs in your browser; nothing is sent anywhere.
Decode my transcript →No. It pauses collection notices, but interest keeps accruing on any balance that remains owed.
The claim-pending hold was reversed — the claim was decided or closed.
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 470, code 470 on transcript, transaction code 470 and TC 470 all refer to the same three-digit transaction code the IRS posts to your account.