Think of the CP12 like an automatic spell-checker for your tax return. The IRS sees a mistake, fixes it, and tells you what they did. In most cases, it's actually saving you from having to file an amended return. If you want to be thorough, you could request your wage and income transcripts from the IRS to double-check their math. This is like getting the answer key to make sure they graded your test correctly. You can get these online through the IRS website by creating an account.

Was your CP12 notice accompanied by any other correspondence? Sometimes the IRS sends multiple notices simultaneously, and the CP12 could be related to another adjustment or review of your account.

Has anyone else noticed how impossible it is to get actual clarification from the IRS when you have questions about Form 8888 or split refunds? I spent three days trying to reach someone who could explain why my split refund was delayed last year. Finally used Claimyr (https://claimyr.com) and got through to an agent in under 30 minutes who confirmed there was a verification flag on my account due to the split refund request. Wouldn't it be nice if the IRS actually communicated these holds clearly instead of making us play detective with our own money?

Quick q - did u get any weird codes on ur transcript before the DDD showed up? Mine's stuck on 570/971 combo and I filed around the same time as u. No movement for 2 wks now. Wondering if CashApp users get flagged differently?

Just a warning based on my experience last year - don't assume these codes will resolve quickly for everyone! According to the IRS.gov website (https://www.irs.gov/individuals/understanding-your-tax-record) and several tax professional forums I've been following, the 570 can sometimes stay in place for months if they need additional verification. My 570 last year took 87 days to resolve because they were verifying my self-employment income. Make sure you watch your mail carefully for any notices, and respond immediately if they request documentation.

Tax pro here. This is absolutely a systemic change in IRS processing this year. The 570/971 combo is their standard procedure when a return gets flagged for verification. What's different in 2024 is the volume and the targeting criteria. They're focusing heavily on returns with credits, income disparities from previous years, and self-employment income. Most will clear automatically. Don't call unless your 570 has been there more than 45 days. And definitely don't file an amended return while these codes are active - that will only delay things further.

FYI - the reporting thresholds changed again for 2024. The $600 threshold implementation was delayed, so for 2023 taxes, the old $20K/200 transaction rule still applies for most payment apps. But def don't count on this staying the same. Also worth noting that regardless of whether you get a 1099 or not, all income is technically taxable. The 1099 just means the IRS was informed about it automatically. Anyone else confirm this is their understanding too?

The community wisdom here is pretty clear: attempting to avoid 1099 reporting is a short-term strategy that creates long-term headaches. With the direction of IRS enforcement, almost all electronic payments will eventually be reported. The smarter approach is to embrace proper bookkeeping and separation of business/personal finances. Remember, the April 15th deadline is approaching fast, and sorting through mixed personal/business transactions takes time you probably don't have. Better to set up proper systems now than scramble later. Most small business owners I know who've switched to proper accounting systems say they wish they'd done it years earlier.

I was in the same boat last year! My brother got his refund a full week before mine, even though I filed three days earlier. It's way less stressful than trying to get a payment plan with the IRS though - I did that in 2021 and it was a nightmare compared to just waiting for a refund. Your money is definitely coming, the banking system just processes things at different speeds. Chime and other online banks are almost always faster than traditional banks, sometimes by several days.

Have you perhaps considered checking your tax transcript instead of just WMR? It might possibly give you more detailed information about where your return is in the processing pipeline. Sometimes, if I'm not mistaken, the transcript will update with a DDD before WMR does. You could also, if you're comfortable with it, try calling the IRS directly at the account management number, though you may need to be somewhat persistent due to high call volumes this time of year. It seems that patience is unfortunately the main solution in these situations.

Be careful about assuming the Deposit Date means it's guaranteed. I had a DDD appear on my Account Transcript last year, but then a Code 971 Notice Issued appeared the next day, followed by a Code 420 Examination Indicator. The IRS ended up holding my refund for an additional 60 days for income verification. Just make sure to keep checking your transcript until the money actually hits your account.

According to the IRS2Go app guidelines and the IRS.gov refund status page, you should actually see your deposit within 24 hours before or after the listed date. The TaxpayerAdvocate.IRS.gov site mentions that banks sometimes hold deposits for 1-2 business days even after receiving them from the IRS. You might want to check both your transcript and WMR tool simultaneously as they sometimes update at different times.

Oh my goodness, I just went through this whole IP PIN situation last month! I was absolutely confused at first too. The IRS sent me a letter out of the blue with this six-digit number, and I had NO IDEA what it was for! After some research (and mild panic), I learned that they've expanded the IP PIN program to allow voluntary opt-in for anyone concerned about tax identity theft. I'm actually really glad I have one now - it gives me peace of mind knowing that nobody can file a fraudulent return using my information. The process of using it is super simple - you just enter it when you file.

Has anyone had experience with how the IP PIN affects business owners who file multiple types of returns? For instance, if you have a personal return, Schedule C, and maybe an S-Corp return as well?

The "errors department" is like the IRS's triage center. Think of it as your tax return going to the ER - not necessarily because something is critically wrong, but because something needs a closer look by a specialist. This department handles everything from simple math errors (which they can fix without contacting you) to verification of credits and deductions. Most returns that go there are resolved within 4-8 weeks, though some complex issues can take longer. It's not automatically an audit, which is a much more formal and extensive process.

I would probably advise checking your tax transcript if you can access it online. The transcript might show codes like 570 (refund hold) and 971 (notice issued), which could indicate what's happening. In my experience working with clients, the errors department often deals with relatively minor issues that might not even require your input to resolve. That said, I've seen cases where returns got stuck there for 10+ weeks during peak processing times, so it's good you're being proactive about checking on this.

I spent three days trying to reach someone at the Department of Education about my offset. Finally used Claimyr (https://www.claimyr.com) to get through to an actual human. They connected me with an agent in about 15 minutes who explained my options for getting the money back through a hardship refund. Saved me days of frustration and hold music.

Check if you're eligible for the Fresh Start program. Even if they took your refund, you might be able to get your loans out of default and potentially recover some of the offset funds. The program is still available through 2024.

I'm sort of in a similar situation, but I think it might be because I filed with a tax preparer who uses SBTPG for refund transfers. It seems like sometimes this adds a bit of extra time to the whole process. In my case, I filed around January 29th and didn't see anything on SBTPG until maybe the first week of March? And then my refund came about 3 days after that. Hopefully yours is just moving through the system and will update soon.

FORGET the transcript for now and try this instead - call the IRS automated refund hotline at 1-800-829-1954! It sometimes has different/updated info compared to the WMR tool online. I was FURIOUS when nothing was showing up on my transcript for weeks but the phone system told me my refund was scheduled! Worth a shot since it takes 2 minutes and doesn't require waiting for an agent. Military families sometimes get routed differently in their systems too!