Did you claim EIC or child tax credit? Those usually trigger reviews

Had the exact same codes last year! The 570/971 combo is super common when you file Head of Household with dependents. Mine took about 6 weeks to clear but I got the full refund plus a tiny bit of interest. The notice they send usually asks for proof of your dependents or income verification. Just respond quickly when you get it and you should be good to go. Hang in there! 💪

Don't forget to separate the land value when calculating depreciation! This is a common mistake. Land isn't depreciable, so you need to determine what portion of your property value is for the building only. Your county property tax assessment often breaks this down, or you can use a reasonable method to determine the split (like 80% building/20% land in many residential areas). Also, remember that anything with a useful life of less than 27.5 years (appliances, carpeting, etc.) can be depreciated on a faster schedule than the building itself. This is called component depreciation and can give you bigger deductions sooner.

I find that TurboTax actually does a decent job with rental property depreciation. It asks you questions about when you placed the property in service, the value, percentage used for rental, etc., and then automatically calculates everything, including filling out Form 4562 when needed. If you do use tax software, just make sure you have all your info ready: purchase price of the property, fair market value when converted to rental, percentage used for rental, and an estimate of land value (which isn't depreciable).

Called MI treasury yesterday - they said theyre having website issues and to just keep trying. Classic government efficiency at its finest 🤡

Had the exact same issue last month! What finally worked for me was clearing my browser cache and cookies, then trying again with incognito/private browsing mode. Also double-check that you're using your AGI (Adjusted Gross Income) from line 11 of your MI-1040, not your total income. Michigan's system is super picky about which exact numbers you enter.

Another approach is to use the DRAFT versions of forms that the IRS posts before final versions. They're at irs.gov/draftforms. They usually post these a few months before final versions. Just remember you can't file draft forms! But you can use them to prepare and then transfer the info to the final form when released.

Thanks everyone for the helpful advice! I was definitely leaning toward just modifying the 2023 form but I'm glad I asked here first. @Jackson Carter your explanation about the forms being year-specific really cleared things up for me. I'll wait for the official 2024 version to be released rather than risk processing delays or penalties. In the meantime, I'll sign up for those IRS e-News subscriptions that @Ella rollingthunder87 mentioned - that sounds like a much better way to stay on top of when new forms are available than constantly checking the website. This community has been so much more helpful than trying to navigate the IRS website on my own!

better safe than sorry - put that refund money aside until you know for sure whats going on

This happened to me too! My transcript showed $0 but I kept getting notices. Turns out there was a penalty assessment that hadn't updated on the transcript yet. I'd definitely recommend getting a tax professional to help sort this out, or try one of those transcript analysis tools people are mentioning. Don't ignore it though - they can definitely offset your refund even if the transcript looks clean right now. Better to deal with it upfront than lose your refund later!