570 "Additional Action Pending" Code Holding Up My $4,037 Refund Despite $0 Tax Return - Head of Household with W-2 & EIC Missing Amounts

I checked my transcript today and I'm really confused about what I'm seeing. My account transcript shows a negative account balance of -$4,037.00 as of Mar. 27, 2023, but there's a 570 code showing "Additional account action pending" from the same date. My W-2/1099 withholding (code 806) and earned income credit (code 768) from April 15, 2023 are both there, but neither one shows any amounts listed. The processing date was Mar. 27, 2023, with cycle 20231005. Here's what I'm seeing in my transcript: ACCOUNT BALANCE: -4,037.00 ACCRUED INTEREST: 0.00 AS OF: Mar. 27, 2023 ACCRUED PENALTY: 0.00 AS OF: Mar. 27, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount) INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 02 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: [blank] TAXABLE INCOME: 0.00 TAX PER RETURN: 0.00 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2023 PROCESSING DATE Mar. 27, 2023 TRANSACTIONS CODE EXPLANATION OF TRANSACTION | CYCLE | DATE | AMOUNT 150 Tax return filed | 20231005 | 03-27-2023 | $0.00 806 W-2 or 1099 withholding | | 04-15-2023 | 768 Earned income credit | | 04-15-2023 | 570 Additional account action pending | | 03-27-2023 | $0.00 What's really throwing me off is seeing the -$4,037.00 balance (which should indicate a refund coming my way) but with $0.00 in accrued interest and $0.00 in accrued penalties as of March 27. I filed as Head of Household with 2 exemptions. My taxable income shows $0.00, tax per return is $0.00, and I have no self-employment income showing ($0.00 for both taxpayer and spouse sections). I'm particularly confused because the transcript shows code 150 (Tax return filed) with cycle 20231005 and a date of 03-27-2023, but then also shows a 570 code (Additional account action pending) for that same date with $0.00 amount. The W-2 withholding and earned income credit are dated 04-15-2023 but have no amounts listed. Anyone know what this means for my refund? Is the 570 code holding things up? Why would it show a negative balance of -$4,037.00 but not show any amounts for my withholding or earned income credit? Does this mean my refund is being reviewed or there's some kind of hold on it?

0 coins

15 comments

Connor Murphy

The negative account balance of -$4,037.00 shown on your transcript represents a potential refund amount the IRS may owe you, but there are some important details to consider. The presence of code 570 ("Additional account action pending") from March 27, 2023, indicates the IRS has temporarily frozen this amount for review. Your transcript shows you filed as Head of Household with 2 exemptions, and interestingly, both your taxable income and tax per return are $0.00. While your W-2/1099 withholding (code 806) and earned income credit (code 768) are listed with transaction dates of April 15, 2023, neither shows specific amounts - this is likely what the IRS is reviewing. The processing date of March 27, 2023 (cycle 20231005) marks when the IRS began their review. It's noteworthy that there are $0.00 in accrued penalties and interest as of March 27, which is normal for a refund review situation. Your return was processed with no self-employment income ($0.00 for both taxpayer and spouse sections), which suggests your income came entirely from W-2 or 1099 employment. The 570 code is indeed holding up your refund while the IRS verifies your withholding and earned income credit claims. This is a common verification process, particularly when claiming credits like the EIC.

0 coins

- 1M