IRS Codes 570 and 971 on Joint Return: $4,040 Refund Delayed Since March 2023

I got my transcript today for my married filing joint return and see a 570 code with a 971 notice issued on March 28, 2023. My transcript shows a refund amount of -$5,040.00 (as of March 28, 2023). I'm trying to figure out what's going on with my refund. Here's what my transcript shows: ACCOUNT BALANCE: -5,040.00 ACCRUED INTEREST: 0.00 AS OF: Mar. 28, 2023 ACCRUED PENALTY: 0.00 AS OF: Mar. 28, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -5,040.00 INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 04 FILING STATUS: Married Filing Joint ADJUSTED GROSS INCOME: 53,523.00 TAXABLE INCOME: 27,623.00 TAX PER RETURN: 1,317.00 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2023 PROCESSING DATE Mar. 20, 2023 TRANSACTIONS: CODE EXPLANATION OF TRANSACTION | CYCLE | DATE | AMOUNT 150 Tax return filed | 20230905 | 03-20-2023 | $1,317.00 75221-442-23373-3 806 W-2 or 1099 withholding | | 04-16-2023 | -$5,935.00 768 Earned income credit | | 04-16-2023 | -$522.00 570 Additional account action pending | | 03-20-2023 | $0.00 971 Notice issued | | 03-28-2023 | $0.00 This Product Contains Sensitive Taxpayer Data Can someone help me understand what these codes mean, particularly the 570 (Additional account action pending) and 971 (Notice issued), and when I might expect to receive my $5,040.00 refund? I'm worried because the 570 code seems to indicate something is holding up my refund. Is this a normal part of processing, or should I be concerned? Does the 971 code mean they're sending me a letter explaining the issue? I'm not sure if I need to take any action or just wait. We filed jointly and have 4 exemptions, and the return was processed on March 20, 2023. The transcript doesn't show any penalties or interest, which I assume is good news. Has anyone dealt with these codes before and knows how long the delay might be?

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13 comments

Ava Johnson

Your transcript shows a joint tax return with a potential refund of $4,040.00. This amount is calculated from your W-2 withholdings of $4,935.00 plus earned income credit of $422.00, minus your tax liability of $1,317.00. Your return was processed on March 20, 2023, with an AGI of $53,523.00 and taxable income of $27,623.00. The key codes on your transcript are: - Code 570 (dated 3/20/23): Additional account action pending - Code 971 (dated 3/27/23): Notice issued This 570/971 code combination typically indicates the IRS is reviewing your return and sending correspondence to explain what they're examining or what additional information they need. The review has temporarily stopped your refund from being released. Important details to note: - You have 4 exemptions claimed - No self-employment tax for either spouse - No penalties or interest accrued as of March 27, 2023 - Filing status is Married Filing Joint - Return due date is April 15, 2023 Watch your mail for the notice referenced by code 971, as it will explain what action, if any, you need to take regarding your return.

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