IRS OMB 1545-0074 Letter - Refund Reduction Timeline?
Got the OMB clearance letter 1545-0074 from IRS saying they might reduce my refund. Anyone know how long this process usually takes? And after they make the adjustment how long until I actually get whats left of my refund?
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Alina Rosenthal
That OMB number is actually just a standard paperwork number that appears on most IRS forms. What matters more is the actual notice number on your letter (CP## or LTR##). Without knowing the specific notice type, its hard to give you an exact timeline. Generally though, adjustment reviews take 4-8 weeks, then another 2-3 weeks for the reduced refund to be issued after that.
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Mohammad Khaled
•oh man didnt know that! its a CP75 letter
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Alina Rosenthal
•CP75 is an audit letter for earned income credit. That's gonna take longer - usually 6-12 months to resolve 😬
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Mohammad Khaled
•bruhhh are u serious? a whole year? 😭
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Finnegan Gunn
Instead of playing the waiting game, you should try taxr.ai - it analyzes your transcript and tells you exactly what's happening with your refund and estimated timeline. Its only $1 and way better than trying to piece together info from reddit posts lol. Here's the link: https://taxr.ai
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Miguel Harvey
•does it actually work? seems too good to be true
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Finnegan Gunn
•100% works! It caught something in my transcript that even my tax guy missed. Saved me months of waiting
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Ashley Simian
stuck in the same boat rn. its been 3 months since i got that letter 🤡
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Oliver Cheng
called IRS today and they said 120 days minimum for review smh
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Taylor To
•u actually got through to someone? what number did u use???
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Oliver Cheng
•took like 2hrs on hold but yeah. used the main number just kept hitting 1 until i got a human lol
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Ella Cofer
better response times if u contact ur local taxpayer advocate service. google their number for ur state
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Mohammad Khaled
•thx for the tip! gonna try that tomorrow
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Kevin Bell
mine took 9 months last year but i got interest added atleast 🤷♀️
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Savannah Glover
•wait fr? how much interest did they give u?
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Kevin Bell
•like 5% annually. ended up being a few hundred $ extra
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Julian Paolo
CP75 audits are definitely rough - had one last year and it took about 8 months total. The key is to respond quickly with all the documentation they request (W-2s, bank statements, childcare records if you claimed EIC with kids). Don't wait for them to send follow-up letters. Also keep copies of everything you send them because they "lose" stuff sometimes. The interest does help a little when you finally get your refund but obviously waiting that long sucks.
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Saleem Vaziri
•Thanks for the detailed info @Julian Paolo! That's really helpful to know about responding quickly. Did you have to send physical copies or were you able to submit everything online? And when you say they "lose" stuff - is that actually common or just bad luck?
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Sean O'Connor
•@Julian Paolo that s'super helpful advice! Quick question - when you sent your documentation, did you use certified mail or just regular mail? I m'paranoid about them claiming they never received it. Also, did you have to provide bank statements for the whole year or just specific months?
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Carmella Fromis
•@Julian Paolo definitely sending everything certified mail from now on! One more question - did you have to get a tax professional involved or were you able to handle the CP75 response yourself? I m'wondering if it s'worth the cost to have someone help with the documentation
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