What Does Code 570 "Additional Account Action Pending" Mean for My $5,842 Refund After Identity Verification? (April 3, 2023 Transcript)

I filed my 2022 tax return in January and had to verify my identity. Finally got my updated transcripts today (as of April 3, 2023) and I'm trying to understand what all these codes mean. I'm looking at my Account Transcript from the Internal Revenue Service, United States Department of the Treasury. The transcript shows: FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2022 ACCOUNT BALANCE: -$5,842.00 ACCRUED INTEREST: $0.00 AS OF: Apr. 03, 2023 ACCRUED PENALTY: $0.00 AS OF: Apr 03, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -$5,842.00 INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 02 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: $29,500.00 TAXABLE INCOME: $10,100.00 TAX PER RETURN: $2,377.00 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: Apr. 03, 2023 The TRANSACTIONS section shows: CODE EXPLANATION OF TRANSACTION - CYCLE - DATE - AMOUNT 150 Tax return filed - 20231105 - 04-03-2023 - $2,377.00 70211-419-41868-3 806 W-2 or 1099 withholding - 04-15-2023 - -$5,000.00 766 Credit to your account - 04-15-2023 - -$987.00 768 Earned income credit - 04-15-2023 - -$2,232.00 570 Additional account action pending - 04-03-2023 - $0.00 My transcript shows my filing status as Head of Household with AGI of $29,500.00 and taxable income of $10,100.00. The tax per return is $2,377.00. There's no self-employment income showing. The total refund amount showing is -$5,842.00. Can someone help explain what these transaction codes mean and what the "Additional account action pending" might be about? The account balance plus accruals shows -$5,842.00 but I want to understand what's happening with my refund, especially with that 570 code.

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16 comments

Reina Salazar

•1y

The transcript shows your 2022 tax return was processed on April 3, 2023, with several key components affecting your refund calculation: Your tax liability is $2,377 (Code 150), but this is offset by three major credits: - $5,000 in tax withholdings from W-2/1099 forms (Code 806) - $987 in additional tax credits (Code 766) - $2,232 in Earned Income Credit (Code 768) Your financial details show you filed as Head of Household with an Adjusted Gross Income of $29,500 and taxable income of $10,100. There's no self-employment income reported, which means all your income was from employment or other sources requiring W-2/1099 reporting. The 570 code (Additional account action pending) indicates a temporary processing hold, which is typical after identity verification. This isn't unusual and typically resolves once the verification process is complete. Your total expected refund of $5,842 is calculated from the difference between your tax liability and the combined credits. The transcript shows no accrued interest or penalties as of April 3, 2023.

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Charity Cohan

•1y

Code 570 is actually a good sign - it means your return passed initial processing and they're just doing final verification checks. Since you already completed identity verification, this is likely the last step before your refund is released. The IRS typically releases refunds within 1-3 weeks after the 570 code appears, but it can vary depending on their current workload. Your transcript looks clean with no penalties or interest, so you should be getting that full $5,842 refund soon. Just keep checking your transcripts for updates!

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