What does IRS Reference Code 1221 mean?
IRS Reference Code 1221 –Refund delayed, pulled for review, within 7 cycles conduct account analysis
What does IRS Reference Code 1221 mean?
IRS uses code 1221 to indicate that your return has been selected for review and will be frozen until the review process is complete.
What to do next if you see IRS Reference Code 1221?
You will likely have received CP 05 or will soon. You will need to promptly respond to the request for review providing well-supported documentation. If you do not provide the documentation or the IRS feels the deduction is not properly supported, they will adjust the return. If that is the case, you will have appeal rights.
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