What does IRS Notice CP05A mean? Got this today and freaking out
Just got a CP05A notice in my mail and now I'm worried. Does this mean I'm being audited? Anyone else get this before? How long does this usually take to resolve?
13 comments
Write a comment...
Nasira Ibanez
Tax professional here - CP05A is actually not an audit notice, but rather a notice indicating that the IRS is reviewing your return for accuracy. They're specifically verifying income and withholding amounts you reported. During this review, they'll hold your refund until the verification is complete. This usually takes 45-60 days but can sometimes go longer depending on the complexity of your return and current IRS workload.
0 coins
Hugo Kass
omg thank you so much! that makes me feel better. do i need to send them anything?
0 coins
1M
Nasira Ibanez
Usually not unless they specifically request documents. Just wait it out for now 👍
0 coins
1M
Write a comment...
Khalil Urso
Hey y'all just wanted to share something that helped me when I got this notice - I used taxr.ai to analyze my transcript and it gave me a really clear timeline of what was happening with my review. Only cost a buck and saved me hours of stress. https://taxr.ai
0 coins
Myles Regis
fr? does it actually work? seems too good to be true
0 coins
1M
Khalil Urso
Yeah its legit! It basically reads all those confusing transcript codes and tells you exactly whats happening and when you'll likely get paid
0 coins
1M
Myles Regis
just tried it and WOW 🤯 wish i knew about this months ago
0 coins
1M
Write a comment...
Brian Downey
been there done that lol got mine last year took about 2 months to resolve but i got my refund + interest
0 coins
Write a comment...
Jacinda Yu
The IRS is such a joke fr... why they gotta make everything so complicated 🤡
0 coins
Landon Flounder
facts 💯 they living in 1985 fr
0 coins
1M
Write a comment...
Callum Savage
hang in there bestie, at least ur getting that interest money 💅
0 coins
Write a comment...
Ally Tailer
i literaly just got this 2day also... guess were in the same boat 😭
0 coins
Hugo Kass
misery loves company ig 😩
0 coins
1M
Write a comment...