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Old 02-19-2008, 02:35 PM
Paultry
Guest
 
Posts: n/a
Default Re: What does getting a CP 05 mean?

Alan wrote:
- quote -

> Alex wrote:
> > For the first time ever, I e-filed this year (via TurboTax).
> > According to the IRS web site I was to receive
> > my refund (deposited electronically) on Feb 15th.
> > But, instead, I received another notice that there is a delay and that
> > if I don't receive the refund within 4 weeks
> > to call and mention reference # 1221.
> > > So, I called early, since I was a little nervous about this delay and

> > having my first problem ever with the IRS. (I am retired.)
> > The customer service rep at the IRS was very pleasant and said that I
> > was to receive a CP 05 in the mail (within 4 weeks).
> > She wasn't sure what the problem was with my return.
> > > What does all this mean? What should I do, if anything at this point?
> > > Thanks in advance.

> > It means something on your return triggered an alert that requires

> further review.
> Here's an extract from the IRS Internal Revenue Manual:
> The CP 05 notice advises the taxpayer that the return is being reviewed
> and the refund held to ensure the accuracy of:
> Income reported on the return
> Income tax withholding amounts reported on the return
> Claims for tax credits made on the return and/or
> Business income reported on the return
> The CP 05 notice advises the taxpayer:
> Not to send any additional information at this time
> The refund will be received or another contact initiated within
> three weeks of the notice date
> Call (800) 829–1040, if the taxpayer has not received the refund
> or an additional contact within 3 weeks of the notice date
> Call the Taxpayer Advocate Service for assistance with financial
> burdens or hardships
> Once the review is complete the taxpayer will:
> Receive the refund
> Be asked for additional information or clarification of items on
> the return, or
> Receive notification the refund was denied. Appeal rights will be
> included.


Though it will probably increase your anxiety level, you can
get additional CP05 information here:

http://www.irs.gov/pub/irs-utl/quest...nd_program.pdf

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 02-19-2008, 02:14 PM
Alan
Guest
 
Posts: n/a
Default Re: What does getting a CP 05 mean?

Alex wrote:
- quote -

> For the first time ever, I e-filed this year (via TurboTax). According to
> the IRS web site I was to receive
> my refund (deposited electronically) on Feb 15th.
> But, instead, I received another notice that there is a delay and that if I
> don't receive the refund within 4 weeks
> to call and mention reference # 1221.
> So, I called early, since I was a little nervous about this delay and having
> my first problem ever with the IRS. (I am retired.)
> The customer service rep at the IRS was very pleasant and said that I was to
> receive a CP 05 in the mail (within 4 weeks).
> She wasn't sure what the problem was with my return.
> What does all this mean? What should I do, if anything at this point?
> Thanks in advance.

It means something on your return triggered an alert that
requires further review.
Here's an extract from the IRS Internal Revenue Manual:

The CP 05 notice advises the taxpayer that the return is being
reviewed and the refund held to ensure the accuracy of:

Income reported on the return
Income tax withholding amounts reported on the return
Claims for tax credits made on the return and/or
Business income reported on the return

The CP 05 notice advises the taxpayer:

Not to send any additional information at this time
The refund will be received or another contact initiated
within three weeks of the notice date

Call (800) 829–1040, if the taxpayer has not received the
refund or an additional contact within 3 weeks of the notice date

Call the Taxpayer Advocate Service for assistance with
financial burdens or hardships

Once the review is complete the taxpayer will:

Receive the refund
Be asked for additional information or clarification of
items on the return, or
Receive notification the refund was denied. Appeal rights
will be included.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 02-19-2008, 11:46 AM
Alex
Guest
 
Posts: n/a
Default What does getting a CP 05 mean?

For the first time ever, I e-filed this year (via TurboTax). According to
the IRS web site I was to receive
my refund (deposited electronically) on Feb 15th.
But, instead, I received another notice that there is a delay and that if I
don't receive the refund within 4 weeks
to call and mention reference # 1221.

So, I called early, since I was a little nervous about this delay and having
my first problem ever with the IRS. (I am retired.)
The customer service rep at the IRS was very pleasant and said that I was to
receive a CP 05 in the mail (within 4 weeks).
She wasn't sure what the problem was with my return.

What does all this mean? What should I do, if anything at this point?

Thanks in advance.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 


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