$14,986 Refund Delayed - Code 570 and Unexpected Amended Return Status After EIC - Confused About July Amendment I Didn't File

My transcript is showing a balance of -$14,986.00 (with $0.00 accrued interest and penalties as of Sep. 30, 2024), but I still haven't received my refund. I filed as Head of Household with 3 exemptions, and my AGI was $15,460.00 with $13,876.00 in self-employment income. My taxable income and tax per return were $0.00, though I had $2,123.00 in self-employment tax. Looking at my account transcript in detail: ACCOUNT BALANCE: -14,986.00 ACCRUED INTEREST: 0.00 AS OF: Sep. 30, 2024 ACCRUED PENALTY: 0.00 AS OF: Sep. 30, 2024 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -14,986.00 INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 15,460.00 TAXABLE INCOME: 0.00 TAX PER RETURN: 0.00 SE TAXABLE INCOME TAXPAYER: 13,876.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 2,123.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2024 PROCESSING DATE: Apr. 22, 2024 The transactions section shows several credits applied on 04-15-2024: - Code 766: Credit to my account of -$3,200.00 - Code 766: Another credit of -$8,975.00 - Code 768: Earned income credit of -$6,011.00 Then there's a code 570 (Additional account action pending) on 04-22-2024 and a 971 (Notice issued) on 04-29-2024. In July, there's activity related to an amended return: - Code 971: Amended tax return or claim forwarded for processing on 07-09-2024 - Code 977: Amended return filed on 07-09-2024 (reference #43277-639-05604-4) There were also some adjustments: - Code 767: Reduced or removed credit to my account for $1,256.00 on 04-15-2024 - Code 764: Earned income credit adjusted by -$179.00 on 04-15-2024 Finally, in September: - Code 290: Additional tax assessed of $2,123.00 on 09-30-2024 (reference #36254-654-05121-4) I'm really confused about what's happening with my refund. It seems like my account shows I'm owed almost $15,000, but I haven't received anything. I'm particularly confused about the amended return codes since I don't recall filing an amendment. Also, the self-employment tax assessment in September matches exactly what was reported on my original return. Can someone help me understand these codes and when I might get my refund?

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13 comments

Zainab Ahmed

Your transcript shows a significant refund balance of $14,986.00 pending, with no accrued interest or penalties as of September 30, 2024. The tax return details confirm you filed as Head of Household with 3 exemptions, reporting $15,460.00 in AGI, including $13,876.00 in self-employment income. Several credits were initially applied on April 15, 2024: - $3,200.00 (likely Child Tax Credit) - $8,975.00 (possibly Recovery Rebate Credit or other credits) - $6,011.00 (Earned Income Credit) However, there's a sequence of events affecting your refund: 1. A hold was placed on April 22 (code 570) 2. A notice was issued April 29 (code 971) 3. An amended return was processed in July (codes 977/971) 4. Credit adjustments occurred: - Reduction of $1,256.00 to an unspecified credit - EIC adjustment of -$179.00 5. Self-employment tax of $2,123.00 was assessed on September 30 (code 290) The hold (570 code) needs to be resolved before the refund can be released. The presence of an amended return and multiple adjustments suggests the IRS is still processing changes to your account, which explains the delay in receiving your refund.

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