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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