IRS Code 570 "Account Action Pending" on 2022 Tax Transcript - Filed 04/03/2023 with EIC as Head of Household

I just got my transcript today and I see code 570 with Additional account action pending from 04-03-2023. My return was processed on that same date according to my transcript (processing date shows Apr. 03, 2023). I filed as Head of Household and my transcript shows my withholding credits (code 806) and Earned Income Credit (code 768) both dated for 04-15-2023. The transcript also shows my tax return was filed with code 150, cycle 20231105, reference number 30221-424-62270-3. Here's the full transcript I received: Internal Revenue Service United States Department of the Treasury This Product Contains Sensitive Taxpayer Data Request Date: 04-05-2023 Response Date 04-05-2023 Account Transcript FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2022 ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT ACCOUNT BALANCE: ACCRUED INTEREST: AS OF: Apr. 19, 2023 ACCRUED PENALTY: AS OF: Apr. 19, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount) FILING STATUS: Head of Household EXEMPTIONS: 04 ADJUSTED GROSS INCOME TAXABLE INCOME: TAX PER RETURN: SE TAXABLE INCOME TAXPAYER: SE TAXABLE INCOME SPOUSE: TOTAL SELF EMPLOYMENT TAX: RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2023 PROCESSING DATE Apr. 03, 2023 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20231105 04-03-2023 30221-424-62270-3 806 W-2 or 1099 withholding 04-15-2023 766 Credit to your account 04-15-2023 $0 768 Earned income credit 04-15-2023 570 Additional account action pending 04-03-2023 $0.00 Looking at my transcript, I can see the following sequence: - Tax return filed (150) on 04-03-2023 - W-2/1099 withholding (806) dated 04-15-2023 - Credit to account (766) dated 04-15-2023 with $0 - Earned income credit (768) dated 04-15-2023 - Additional account action pending (570) dated 04-03-2023 Does anyone know what this means or what I need to do? The return due date shows as Apr. 15, 2023, but I'm getting worried about my refund with this 570 code showing up. The transcript is dated 04-05-2023 (both request and response date), and I'm concerned about what this additional account action could be. I noticed the "AS OF" date is April 19, 2023, which is a few days away. Does that mean I need to wait until then for more information? The transcript doesn't show specific dollar amounts for some reason, including my withholding and EIC amounts. It just shows a $0.00 for the 570 code. I'm confused because it says "ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT" but I don't see any minus signs. Could this be why my refund is delayed?

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Sean O'Donnell

Your transcript shows several key codes that explain your current tax situation. The 570 code dated 4/3/23 indicates a temporary freeze on your refund while the IRS conducts a review. This coincides with your processing date of April 3, 2023. The sequence of transactions is important here: - Your return was processed (code 150) on April 3 - Your withholding credits (806) and Earned Income Credit (768) are dated April 15 - The freeze (570) was placed on April 3 The cycle code 20231105 indicates your return was processed in the 11th week of 2023. Your filing status as Head of Household and the presence of the Earned Income Credit (768) might be factors in the review, as the IRS often verifies eligibility for these tax benefits. While the freeze may seem concerning, it's a routine procedure. Most 570 holds are resolved within 2-3 weeks without requiring any action from the taxpayer. Watch for code 571 in future transcript updates - this would indicate the hold has been released. The fact that your credits (806 and 768) are dated April 15 suggests they've been validated but are waiting for the review to complete.

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