WebApr 5, 2024 · The CP05 A notice is mailed to taxpayers to notify them that the IRS is holding their refund until the accuracy of the tax credits, income tax withholding or … WebJun 7, 2024 · This CP05 notice may have nothing to do with any errors on your part. It's always possible that: Someone else filed a fraudulent return using a Social Security number on your return, and they are working to determine which information is accurate.
IRS Reference Number 1242 - IRS CP05 & CP05A Notices
WebRespond to Notice CP05 The IRS explanation is often very vague. So, you'll have to trace exactly the line on your return being questioned & prove that item. First, call the IRS at 1 … WebMar 21, 2024 · Normally the IRS takes up to 30 days to perform additional reviews on returns before sending a formal notice (e.g CP05) to the tax filer. However during the peak of tax season (Feb to April) with ongoing IRS processing delays, they have advised that in some cases where special or manual handling is required, it could take 90 to 120 days. bradford free bus pass
What You Need to Know About CP05 Notices and Withheld Refunds
WebJun 5, 2024 · I'm wondering the same I got my notice cp05 on March 21,2024 and wanted to know if anyone has gotten there refund before the 60 day mark . 0 241 Reply. … WebDid you receive a 4464C Letter or CP05 Notice from the IRS? A lot of taxpayers are waiting on their tax refund. Instead of a direct deposit, they are stuck looking at the message "...still processing..." on the IRS Where's My Refund tool after 21 … WebNov 17, 2024 · IRS reference number 1242 is the code used by the IRS to notify you that your return has been selected for review. Your return will remain frozen in the IRS system until the review process is complete. The selection process for Code 1242 reviews is supposed to be random. Receiving notice that your tax return is on hold does not … haas 4th axis tailstock