Transcript Shows Codes 570 and 971 - Filed Jan 30th and Still Waiting
My return was accepted on January 30th, 2024 and my transcript is now showing TC 570 (Additional Account Action Pending) and TC 971 (Notice Issued). I've been monitoring the processing status daily and these codes appeared yesterday. Is this abnormal for the current processing cycle? My Schedule C has all documentation in order, but I'm concerned about potential delays affecting my quarterly estimated payments. Can anyone explain the typical resolution timeframe for these specific transaction codes?
14 comments
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Mei Chen
Those codes are common right now. Many returns are getting flagged. IRS is overwhelmed. 570 means a temporary hold. 971 means they're sending a letter. Check your mailbox daily. Could be identity verification. Could be income verification. Could be nothing serious.
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CosmicCadet
While the previous comment is correct about what the codes mean, it's important to note that the 971 notice isn't always bad news. According to the IRS website, it can sometimes just be an informational notice about your refund being adjusted slightly or confirming an action they've taken on your account.
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Liam O'Connor
Is there a specific timeframe we should expect between seeing these codes and receiving the actual notice in the mail? I've heard some people say it takes up to 2 weeks for the letter to arrive after the 971 code appears on transcripts. Is that accurate?
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Amara Adeyemi
Have you checked if there's a cycle date associated with your 570/971 codes? Per IRM 3.12.8, this can indicate when your account will be updated next. Also, does your transcript show any refund amount changes between the original claimed amount and the current amount? Per IRM 21.5.6, this could indicate a math adjustment rather than a verification hold.
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Giovanni Gallo
The IRS processing system is like a maze with multiple checkpoints. I had these exact codes last year and it turned out they just needed to verify my self-employment income. The difference between what I claimed and what was showing in their system triggered an automatic review.
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Fatima Al-Mazrouei
Doesn't the cycle date tell you which processing team has your return? Or is that just a myth? I've heard people say certain cycle codes process faster than others, but is there any truth to that?
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Dylan Wright
I appreciate all the detailed information being shared here. It's definitely helping me understand what might be happening with my own return, which has been stuck for weeks. Sometimes just knowing what's happening makes the waiting easier.
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NebulaKnight
Omg I'm in the EXACT same situation! Filed on Feb 2nd and got those codes last week. I was freaking out because I need that money for my quarterly tax payment too! So stressful when you're trying to stay on top of your finances and the IRS holds everything up! 😫
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Sofia Ramirez
Do you think this is happening to more small business owners this year? I wonder if there's some new verification process specifically targeting Schedule C filers that's causing these delays.
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Dmitry Popov
Did you have any credits on your return? I had a similar situation and it was because I claimed the Child Tax Credit. They verified my information and then released my refund about 3 weeks after the codes appeared. Have you received any correspondence yet?
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Ava Rodriguez
I went through this exact situation last tax season. After seeing those codes, I spent 4 days trying to reach someone at the IRS. Finally used Claimyr (https://claimyr.com) and got through in about 30 minutes. The agent confirmed it was just a random review of my Schedule C and released the hold right on the call. Had my deposit 8 days later. Sometimes you just need to talk to a human to get things moving.
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Miguel Ortiz
Have u checked if the 971 code has a specific date associated w/ it? That's usually when they'll mail whatever notice they're sending. Also, did u file w/ any tax credits? CTC or EITC can trigger extra verification esp for biz owners.
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Zainab Khalil
My transcript showed these exact codes on March 2nd. I received a letter on March 10th asking for identity verification. Completed it online the same day. Refund was deposited on March 23rd. The system works - it's just slow.
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QuantumQuest
I filed on January 28th and got those codes on February 14th. Received a CP12 notice on February 22nd saying they adjusted my refund by $43 due to a math error. My transcript updated on March 1st with code 846 and I received my deposit on March 6th. The whole process took exactly 38 days from filing to refund.
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