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Code 570 means the IRS is reviewing your return. All returns containing certain credits take longer to process.
The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting in late Feb. (that was the target date before the pandemic hit reducing IRS staffing) , if they chose direct deposit and there are no other issues with the tax return. such a delay was required by the PATH Act to prevent the IRS from paying out phony claims for these credits.
971 is an IRS catchall. thus it could mean many things.
if the IRS got your forms, which they evidently did, TT is out of the picture. The IRS should send you a letter regarding the missing info from the iS form. This is a manual process with the IRS short of staff to handle sending out such letters. So you'll probably get the letter unless the IRS messed up,(they sometimes lose documents). with maybe a million or more paper filings, the stimulus, short of staffing it may be quite a while before you get the letter. if it has been over 4 weeks since you called and spoke to the agent, call again and ask when you can expect the letter.
I filed my taxes before I got my last stimulus cause my banking info was closed in I eventually got my stimulus but I claimed it on my taxes know I have a code 506 on my return. In wasn’t able too log in check my status any more
You are not alone. There Stimulus will be verified prior to issuing the refund. If when you receive your refund and the amount includes the 2nd Stimulus, then there will be provisions to correct that at that time. It is still in development and I do not have the information available now. Your refund will most likely only include the correct refund amount.
any update on this? I was accepted 02/12, WMR bars disappeared, transcripts became available with code 570 and 971 dated 3/15/12.
any update on this? I was accepted 02/12, WMR bars disappeared, transcripts became available with code 570 and 971 dated 3/15/12.
following for an update. I filed 2/9, accepted 2/12. bars on WMR disappeared within days.
transcripts are available for 2020 but coodes 971 and 570 dated 3/15/21. hoping I dont have to wait for a letter sent on 3/15. seems unncessary.
no dates on WMR or SBBT. 21 days would be tomorrow, 3/2 for me.
A3. No, the IRS will not reject your tax return if you made an error in calculating your 2020 Recovery Rebate Credit.
If you made a mistake on the line 30 amount, the IRS will calculate the correct amount of the Recovery Rebate Credit, make the correction to your tax return and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made.
To check the status of your refund from your original return, check Where's My Refund?
I have the same issues. Same thing. They adjusted my refund to show I received my stimulus but I also think they are holding it to make sure and doing a later processing. I have the 3/15 processing date.
I am having same issue transcripts shows 570 and 971 code with date of 3/22 j am
hoping they resolve issue because my taxes are about the same . I claimed same amount of dependents and everything
I had an as of date and processing date for 3/15. Today I updated on my transcripts for 571 code (issue resolved) and 846 code (DDD-3/10). I had filed the stimulus by accident. They adjusted my refund and then released it I guess. I don’t know if yours was the same issue as far as stimulus but if so I hope you update next week.
Mine it lolks
like they are verifying my child tax credit which ic weird because I filed the same last year.
I had both 971 and 570 codes on my transcript a letter was sent out for 3/22 and it was because I made a error on my stimulus payment amount so the irs corrected the error my refund amount changed but I dont have a ddd yet im on a weekly cycle. So maybe next Friday I will have a date.
Mine says the same thing 971/570 with a date of 3/22/2021. I am SO frustrated right now,
I got the same codes last night and it says they added 100 to my return if anyone gets there return with these codes please let us know
I called yesterday and they told me the same thing that they increased my return because the refund amount was incorrect so that they were sending a notice and would begin processing my return again in two weeks
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