What Do IRS Codes 570 & 971 Mean on My Tax Transcript? $6,937 Refund Showing "Additional Action Pending" and "Notice Issued" for October

The transcript shows your tax return processing status through several key transaction codes. The $658 showing under code 150 represents your tax liability for the year, filed and to be processed on May 20, 2024. Your withholdings (code 806) total $6,937, which were credited as of April 15, 2024 - this represents the money already paid through your paychecks or other income sources. The appearance of both a 570 code (Additional account action pending) and a 971 code (Notice issued) indicates your return is under review. The 570 code dated May 20, 2024 has placed a temporary hold on your refund, while the 971 code shows the IRS will send you a notice on October 21, 2024 explaining why. The $0.00 amounts for these codes are normal - they're status indicators rather than monetary transactions. Based on the numbers shown, your expected refund calculation would be $6,937 (withholdings) minus $658 (tax liability) = $6,279. The review indicated by the 570/971 combination typically resolves within 60 days, though you should watch your mail for the explanation notice. The unique number sequence 30221-457-03146-4 is your Document Locator Number (DLN), which helps track your return through IRS systems.

hey! instead of trying to decode these yourself, you should try taxr.ai - its this new tool that analyzes your transcript and tells you exactly whats happening and when youll get paid. costs $1 but saved me weeks of stress https://taxr.ai

im in the same boat rn. got these codes last week 🤡 irs playing games with our money

570/971 combo usually means identity verification needed. check your mail and respond asap!

just went thru this. took about 8 weeks to clear up but i got my refund eventually

Call the tax advocate service! They helped me with my 570 situation last month

I went through something similar last year. The 570 code basically puts your refund on hold while they review something - could be identity verification, math errors, or just random selection. The 971 notice should explain exactly what they need. In my experience, if you respond quickly to whatever they're asking for, it usually resolves within 4-6 weeks. Don't panic yet - most people do get their refunds, just with some delays. Keep checking your transcript weekly for updates!

Same exact situation here! Got the 570/971 combo on my transcript and was freaking out too. From what I've learned, the 570 is basically the IRS saying "hold up, we need to look at something" and the 971 means they're sending you a letter explaining what. The good news is that your refund amount should still be correct - it's just delayed while they verify whatever they need to verify. I got my letter about 2 weeks after the 971 date and it was just asking me to verify my identity online. Once I did that, my refund processed within 3 weeks. Check your mail religiously and respond to whatever they send you ASAP!

I see you're dealing with the classic 570/971 combination - I just went through this exact same situation a few months ago! The 570 code is essentially the IRS putting a temporary freeze on your refund while they conduct some type of review, and the 971 code means they've issued (or will issue) a notice explaining what they need from you. Based on your transcript, your math looks right - you should be getting a refund of $6,279 ($7,037 withholdings minus $1,658 tax liability). The review could be for identity verification, income verification, or just a random audit selection. Here's what I learned from my experience: watch your mail like a hawk for that CP letter (it should arrive within 2-3 weeks of the 971 date), respond immediately to whatever they're asking for, and keep checking your transcript weekly for updates. Once I submitted my requested documents, it took about 5 weeks for the 570 to reverse and my refund to process. It's stressful but most people do get their full refund - just with delays. Hang in there!