CP0005 Notice & 570 Code: $9,350 EIC Refund Pending 9 Weeks After ID Verification

Your transcript shows a total refund amount of $9,350, which is made up of two main credits: a standard credit of $2,707 (code 766) and an Earned Income Credit of $4,042 (code 768). You're filing as Head of Household with an adjusted gross income of $33,740 and taxable income of $12,940, which aligns with EIC eligibility. Currently, there are two important codes on your transcript: a 570 code (account hold) dated 04-15-2024 and a 971 code (notice issued) dated 04-22-2024. This combination typically indicates the IRS is reviewing something in your return. The CP0005 code you're seeing isn't an issue - it's simply a notation indicating that your transcript contains sensitive taxpayer data. Your processing date is shown as 04-15-2024, and there are no penalties or interest accruing on your account (both showing $0.00 as of 09-30-2024). Since you've already completed identity verification two weeks ago, you should expect to see movement on your account within the standard 9-week review period from your verification date. The negative signs in front of the dollar amounts (-$9,350.00, -$2,707.00, -$4,042.00) are good news - they indicate credits in your favor, meaning money the IRS owes to you rather than you owing them.

Hey guys! I was stuck in this same situation but I found this amazing tool called taxr.ai that helped me understand exactly what was going on with my transcript. It cost $1 but totally worth it - gave me a specific timeline and everything. Check it out: https://taxr.ai

The IRS is such a joke this year fr fr. Been waiting 11 weeks after verification 🤡

thats a pretty big refund! make sure u verified with id.me and not just regular verification

Try calling the tax advocate service. They helped me get mine unstuck after 12 weeks of nothing happening

Did u check wmr? sometimes it updates before transcripts do

The good news is your transcript actually looks pretty normal for someone in the ID verification process! That "No tax return filed" at the top is just a glitch in how the IRS system displays transcripts during processing - it doesn't mean they don't have your return. Your processing date of 04-15-2024 confirms they received it. The 570 code with the 971 notice is standard procedure when they need additional verification. Since you completed ID verification 2 weeks ago, you should see the 570 code reverse (usually shows as a 571 code) within the next few weeks, followed by your refund being released. Your EIC amount looks correct for your income level and HOH status. Just keep monitoring your transcript weekly - once that 570 reverses, your refund should process within 1-2 cycles. Hang in there! 🤞

I've been through this exact same situation! Had a 570 code for 8 weeks after ID verification and was panicking. The CP0005 notice you're seeing is actually just a transcript code - not an actual notice they're sending you. It just means your transcript contains protected taxpayer info. Your refund amount of $9,350 looks right based on your income and HOH status. The key thing is that 570 code - it's basically a hold while they finish reviewing your return after ID verification. Once they're done, you'll see a 571 code appear which releases the hold, then your refund should deposit within a few days. I know 9 weeks feels like forever but you're actually right in the normal timeframe. Most people see movement between weeks 9-12 after verification. The fact that you have no penalties or interest accruing is a good sign - means they're not finding any issues, just taking their time to process. Keep checking your transcript weekly and look for that 571 code or a 846 refund sent code. You're almost there! 💪

Hey! I just went through this exact same situation last month. Had a 570 code for 10 weeks after ID verification and was losing my mind. Your transcript actually looks really good - that $9,350 refund amount is solid and the fact that you have zero penalties/interest means they're not finding any problems with your return. The "No tax return filed" thing is just a display glitch that happens during processing - don't worry about it. Your processing date of 04-15-2024 proves they have your return. Since you verified 2 weeks ago, you're right in the sweet spot for when things typically start moving. I'd expect to see a 571 code (which releases the 570 hold) appear in the next 2-4 weeks, followed by an 846 refund sent code. Once you see that 846, your money usually hits your account within 3-5 business days. Keep checking your transcript every Friday morning - that's when most updates happen. You're so close to the finish line! The wait is brutal but totally worth it for that chunky refund 💸

Your situation is actually looking really promising! That $9,350 refund amount is legit - it's the combination of your withholdings ($3,707) and your Earned Income Credit ($5,042), which is spot on for your income level and Head of Household filing status. The CP0005 code isn't something to worry about - it's just an internal IRS notation that appears on transcripts with sensitive taxpayer data. The real action is in those other codes: the 570 "Additional account action pending" is basically the IRS saying "hold up, we need to finish reviewing this" and the 971 "Notice issued" just confirms they sent you correspondence (probably about the ID verification process). Since you completed ID verification 2 weeks ago, you're right in the normal processing window. Most people see their 570 code reverse (usually with a 571 code) somewhere between 6-12 weeks after verification. The good news is your transcript shows zero penalties and zero interest, which means they're not finding any issues - they're just being thorough. Keep checking your transcript weekly, especially on Friday mornings when most updates happen. Once that 570 reverses, you should see an 846 "Refund Sent" code and your money will hit your account within days. You're almost there! 💪

I went through this exact same situation last year! The waiting is absolutely brutal, but your transcript actually looks really solid. That $9,350 refund is legit - it's your withholdings plus EIC, and the math checks out perfectly for your income level and HOH status. The 570 code with the 971 notice is totally standard after ID verification. I had mine for about 8 weeks before it finally reversed. The key thing is you have zero penalties and interest accruing, which means the IRS isn't finding any problems - they're just taking their sweet time processing everything. Since you verified 2 weeks ago, you're right in the normal window. Most people see movement between weeks 6-12 after verification. Keep checking your transcript every Friday morning (that's when updates typically happen). Once you see a 571 code appear, your refund should process within days. That "No tax return filed" thing freaked me out too, but it's just a display glitch during processing. Your processing date of 04-15-2024 confirms they have your return. Hang in there - you're so close to getting that chunky refund! 💸

Your transcript looks really good actually! That $9,350 refund is solid - it's your $3,707 withholdings plus your $5,642 Earned Income Credit, which is right on target for your HOH filing status and $33,740 AGI. The 570 code is just a standard hold while they finish processing after ID verification. Since you completed verification 2 weeks ago, you're right in the normal timeframe - most people see their hold release (usually with a 571 code) between 6-12 weeks after verification. The zero penalties and interest is a great sign that they're not finding any issues. That CP0005 notation is nothing to worry about - it just means your transcript contains protected taxpayer info. And the "No tax return filed" display is a common glitch during processing - your 04-15-2024 processing date proves they have your return. Keep checking your transcript on Friday mornings when updates typically happen. Once you see that 571 code or an 846 refund sent code, your money should hit your account within days. I know the wait is torture, but you're almost there! 🤞