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What does IRS Tax Transcript Code 570 on your tax transcript mean?
IRS transcript code 570 on your tax transcript generally indicates that there has been a freeze placed on your refund. This could be due to a number of reasons, such as a review of your tax return, an adjustment to your account, or an unresolved issue with your refund.
Transaction Code 570 – Additional Account Action Pending. This code is used to indicate that there is an action taking place or pending on your tax account that may affect the processing of your tax return or any refunds you are owed. It is often associated with freezes on your account due to various reasons, such as an examination, a balance due on another tax period, or an adjustment being made to your account.
A freeze on your refund means that the IRS is withholding your refund until they complete their review or investigation. This process can take some time, and you may need to provide additional information or documentation to resolve any issues.
When you see code 570 on your tax transcript, it typically means that the IRS is taking some sort of action and that your refund may be delayed. It is important to note that this code alone does not provide specific details about the action being taken, and you may need to contact the IRS directly or wait for correspondence from them to get more information about the specific issue or action affecting your account.
If you have concerns about code 570 on your tax transcript, it is recommended to reach out to the IRS directly for clarification and guidance regarding your specific situation.
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