What does getting a CP 05 mean?

Question

For the first time ever, I e-filed this year (via TurboTax). According to the IRS web site I was to receive my refund (deposited electronically) on Feb 15th. But, instead, I received another notice that there is a delay and that if I don't receive the refund within 4 weeks to call and mention reference # 1221.

So, I called early, since I was a little nervous about this delay and having my first problem ever with the IRS. (I am retired.) The customer service rep at the IRS was very pleasant and said that I was to receive a CP 05 in the mail (within 4 weeks). She wasn't sure what the problem was with my return.

What does all this mean? What should I do, if anything at this point?

Thanks in advance.

Alan · Accepted Answer

It means something on your return triggered an alert that requires further review. Here's an extract from the IRS Internal Revenue Manual:

The CP 05 notice advises the taxpayer that the return is being reviewed and the refund held to ensure the accuracy of:

Income reported on the return Income tax withholding amounts reported on the return Claims for tax credits made on the return and/or Business income reported on the return

The CP 05 notice advises the taxpayer:

Not to send any additional information at this time The refund will be received or another contact initiated within three weeks of the notice date

Call (800) 829?1040, if the taxpayer has not received the refund or an additional contact within 3 weeks of the notice date

Call the Taxpayer Advocate Service for assistance with financial burdens or hardships

Once the review is complete the taxpayer will:

Receive the refund Be asked for additional information or clarification of items on the return, or Receive notification the refund was denied. Appeal rights will be included.

Paultry · Answer

Though it will probably increase your anxiety level, you can get additional CP05 information here:

What does getting a CP 05 mean?

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