Why Is My $5,496 Refund Delayed With 570/971 Codes on 2023 Head of Household Tax Transcript?

I'm looking at my transcript and seeing a negative account balance of -$6,496.00 as of Mar. 06, 2023. According to the transcript, "ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT" so I'm assuming this means I'm getting a refund. My full transcript shows: ACCOUNT BALANCE: -6,496.00 ACCRUED INTEREST: 0.00 AS OF: Mar. 06, 2023 ACCRUED PENALTY: 0.00 AS OF: Mar. 06, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -6,496.00 INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 83,225.00 TAXABLE INCOME: 63,825.00 TAX PER RETURN: 5,659.00 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: Feb. 27, 2023 TRANSACTIONS: CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20230605 02-27-2023 $5,659.00 70211-424-78718-3 806 W-2 or 1099 withholding 04-15-2023 -$11,155.00 570 Additional account action pending 02-27-2023 $0.00 971 Notice issued 03-06-2023 $0.00 I got codes 570 and 971 dated February 27 and March 6 respectively. I see my return was processed on Feb 27, 2023 (cycle 20230605) and there's an "Additional account action pending" with the 570 code, followed by a "Notice issued" (971) on March 6. Anyone know what these codes mean for my refund? Never had these codes before. I'm concerned because it looks like I should be getting a refund of $6,496.00 (the difference between my tax of $5,659.00 and withholdings of -$11,155.00), but with these codes showing up, I'm not sure if there's a delay or issue with my refund. The transcript shows $0.00 in accrued interest and penalties as of March 6.

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15 comments

Ryan Kim

•10M

The transcript shows your tax situation as a Head of Household filer with 3 exemptions. Your potential refund amount of $5,496.00 is reflected as a negative balance, which is calculated from your $11,155.00 in withholdings minus your tax liability of $5,659.00. The IRS processed your return on February 27, 2023 (cycle 20230605), but there are two significant codes on your transcript: - Code 570 (dated Feb 27): Indicates a temporary freeze on your account while the IRS reviews something - Code 971 (dated March 6): Shows that the IRS has issued a notice explaining the review Your return details show: - Adjusted Gross Income: $83,225.00 - Taxable Income: $63,825.00 - No self-employment income for either taxpayer or spouse - No accrued penalties or interest as of March 6, 2023 The combination of 570/971 codes typically means the IRS needs to verify some information. Watch your mail for the notice referenced by code 971, as it will explain what additional information or action may be needed to release your refund. Your return is still within normal processing timeframes since the return due date shows as April 15, 2023.

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