Refund under review? What does that mean?

[KurtL1 · Accepted solution]

When the IRS officially places your return under review, you will receive a CP05 notice, and the processing of your refund will be delayed until the review is complete. According to the IRS website, a number of distinct factors can trigger the review, including the need to verify the following entries on your return:

• Income is not overstated or understated.

• Tax withholding amounts are correct.

• You have the right to claim the tax credits on your return.

• Social Security benefits withholding amounts are correct.

• Household help is accurately reported.

• Schedule C income is not overstated or understated.

Edited 03/30/20