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I'm so stressed about this too! Did anyone have to take time off work for their appointment? I'm scheduled for next Wednesday and I'm worried about losing hours. Was it a quick process or did you have to wait a long time at the office? ๐ฐ
According to the IRS website (https://www.irs.gov/identity-theft-fraud-scams/identity-verification), you might be able to call the IRS Identity Verification phone line at 800-830-5084 instead of going in person. When I had to verify, I called first and they were able to handle everything over the phone. Saved me the trip. Might be worth trying before your appointment.
I think there might be some confusion about how the Credit Karma Money accounts work with tax refunds. From what I understand, they *might* process a bit differently than traditional banks, especially if you paid your TurboTax fees upfront rather than having them deducted from your refund. It seems like the upfront payment method sometimes follows a different processing path, although I'm not entirely sure why that would be the case.
I had this exact situation last year, so let me walk you through what happened with me: 1. Filed with TurboTax and selected Credit Karma card 2. Got a DDD of 2/18/23 3. No deposit on that date 4. Called Credit Karma on day 3 - they confirmed they could see it pending 5. Money appeared on day 4 at around 3am The Credit Karma rep explained that they process tax refunds in batches, and while they receive the funds from the IRS on the DDD, they have an internal verification process that takes 2-4 business days. It's frustrating but completely normal. I appreciate everyone sharing their experiences here - it definitely helps reduce the anxiety of waiting!
Actually, while legislation could theoretically change, we have to plan based on current tax law. According to IRC ยง24(h)(2), the Child Tax Credit amount is clearly established for 2024 at $2,000 per qualifying child with partial refundability. The Treasury Department has issued no guidance suggesting changes are imminent, and most tax professionals are advising clients to plan using these established figures. Waiting for potential legislation that may never materialize could result in poor tax planning and unexpected liabilities at year-end.
Exactly this! I got burned last year waiting for possible extensions of the expanded credit. Ended up having to make a much larger Q4 estimated payment than I had budgeted for. Better to plan conservatively now and be pleasantly surprised later if anything changes.
Do you think there's any chance of retroactive changes if they do pass something later in the year? I remember during COVID they made several retroactive tax changes.
I just went through this whole process with my accountant for my 2023 return (filed in 2024) and discovered some key terminology that helped me understand this better. The "nonrefundable" portion versus the "refundable" portion (Additional Child Tax Credit) makes a huge difference depending on your tax liability. As a small business S-Corp owner, I was surprised to learn that my W-2 income from my S-Corp versus distribution income affected my ability to claim the refundable portion. My accountant had to explain Form 8812 three times before I fully understood how it worked with my business income!
To definitively answer your question: The IRS Account Online portal at https://www.irs.gov/payments/your-online-account is where you can view most notices and letters. For identity verification specifically, if you've received a 5071C letter, you must use idverify.irs.gov or call the toll-free number on your letter. I just went through this entire process last month as a first-time filer! The Account transcript will show TC 971 with specific notice numbers that correspond to communications sent to you. What a relief when I finally figured out the proper channels after weeks of confusion!
The IRS sends exactly 3 types of verification requests: CP05 (income verification), 5071C (identity verification), and 4883C (taxpayer protection program). You need to wait precisely 21 days after filing before checking for notices. Last year, 5.4 million taxpayers received verification requests, causing average delays of 75 days. This is completely unacceptable! The verification systems are outdated and inefficient, but you must check or risk having your return rejected without notice.
Anastasia Popova
Colorado changed their verification system. Huge backlog now. Everyone's waiting longer. My return from January 15th just finished. Yours should be soon. State budget issues causing staffing problems too. Just wait it out.
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Sean Flanagan
Did you claim any Colorado-specific credits or deductions on your return? The Colorado Child Care Contribution Credit or Enterprise Zone credits tend to trigger additional review processes. I'm curious if there's something specific about your filing that might be causing the delay?
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