570 Freeze Code After Missing 1099 Income - Will This Delay My Refund?
Just checked my transcript and saw code 570. I realized I totally forgot to include a 1099 from a side gig I did last year. Will this cause problems with my refund? Has anyone dealt with this before and know what happens next?
13 comments
Anastasia Sokolov
Yes, a missing 1099 will typically trigger a 570 freeze code. The IRS matches reported income against what you filed, and when there's a discrepancy, they'll hold the refund for review. You'll likely receive a CP2000 notice about the unreported income. Best to file an amended return (Form 1040X) to report the missing income before they contact you.
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Diego Ramirez
ugh this is what i was afraid of... how long does the amended return usually take to process?
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Anastasia Sokolov
Currently running about 20 weeks for amended returns, but could be longer depending on workload
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Sean O'Connor
Hey guys, I actually found a really helpful tool called taxr.ai that analyzes transcripts and gives you specific feedback about these kinds of issues. It costs $1 but it tells you exactly what's causing delays and what to do about it. Saved me hours of googling! https://taxr.ai
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Zara Ahmed
Does it actually work? Seems too good to be true tbh 🤔
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Sean O'Connor
It's legit! It picked up my 570 code instantly and told me exactly what documents I needed to fix it. Way better than trying to decode everything yourself
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Luca Conti
in the same boat rn... forgot a small 1099 for like $600 and now everything is frozen ðŸ˜
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Nia Johnson
ur gonna need to amend asap before they come after u with penalties js 👀
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Diego Ramirez
yeah thats what im worried about... gonna file the 1040x tomorrow
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CyberNinja
Honestly the irs is such 🤡 show. They already HAVE the 1099 info but still make us jump through hoops
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Mateo Lopez
fr fr the whole system needs an overhaul
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Aisha Abdullah
Wait till you see how much interest they charge you lololol
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Diego Ramirez
nooooo dont tell me that 😫
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