My $580 Refund Delayed with Code 570 and 971 on 2022 IRS Transcript - Head of Household with EIC

I'm looking at my 2022 tax transcript and I'm confused about the refund amount. It shows an account balance of -$580.65, but my calculations show it should be more. Looking at the detailed transcript from the IRS (United States Department of the Treasury), I can see the following information: Request Date: 03-04-2023 Response Date: 03-04-2023 Tracking Number: 104003877925 FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2022 My transcript shows an ACCOUNT BALANCE of -$580.65 with ACCRUED INTEREST of $0.00 and ACCRUED PENALTY of $0.00 AS OF Mar. 20, 2023. The ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount) is also listed as -$580.65. Under "INFORMATION FROM THE RETURN OR AS ADJUSTED" it shows: EXEMPTIONS: 02 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: $11,786.00 TAXABLE INCOME: $0.00 TAX PER RETURN: $427.00 SE TAXABLE INCOME TAXPAYER: $2,793.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $427.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER): Apr. 15, 2023 PROCESSING DATE: Mar. 20, 2023 The TRANSACTIONS section shows: CODE 150: Tax return filed - CYCLE 20230905, DATE 03-20-2023, AMOUNT $427.00, 30221-444-02661-3 CODE 766: Credit to your account - DATE 04-15-2023, AMOUNT -$46.65 CODE 768: Earned income credit - DATE 04-15-2023, AMOUNT -$961.00 CODE 971: Notice issued - DATE 03-20-2023, AMOUNT $0.00 CODE 570: Additional account action pending - DATE 03-20-2023, AMOUNT $0.00 Can someone help me understand what these codes mean and why my refund amount is showing as -$580.65? When I add up the numbers, I see my tax was $427.00, and I have credits of -$46.65 and -$961.00, which should be a total of -$1,007.65 in credits against $427.00 in tax, giving me a refund of -$580.65. But I'm confused about why there would be any "Additional account action pending" (code 570) and what the "Notice issued" (code 971) might be about. I'm especially concerned about the "Additional account action pending" status and if this will affect or delay my refund. Does this mean the IRS is holding my refund for some reason?

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14 comments

Alina Rosenthal

Your tax transcript shows a calculated refund of $580.65, which is derived from your total tax credits ($961.00 Earned Income Credit + $46.65 additional credit) minus your self-employment tax liability of $427.00. As a Head of Household filer with an AGI of $11,786.00 and self-employment income of $2,793.00, your tax calculations appear to be properly structured. The transcript indicates two important status codes on March 20, 2023: 1. Code 570 (Additional account action pending) - This means the IRS has temporarily frozen your refund for review 2. Code 971 (Notice issued) - The IRS has sent you a notice explaining the review Your processing date of March 20, 2023 matches these codes, suggesting this is when the review began. While you have no accrued penalties or interest as of March 20, it's worth noting your return due date is April 15, 2023. The negative balance of -$580.65 represents your expected refund amount once the review is complete. The transaction sequence shows the IRS has acknowledged your credits but hasn't yet released them due to the pending review. Watch your mail for the notice explaining the specific reason for the review.

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