The IRS CP05 letter is a notification the IRS has placed a hold on the refund until they can verify one or more items reported on the tax return. This notification lets you know the tax refund you expected to receive in a few weeks may take more time to arrive.
Who do I call if the IRS is holding my refund?
800-829-1040
If you still aren’t sure what happened with your refund, contact an IRS representative at IRS Tax Help Line for Individuals – 800-829-1040 (TTY/TDD 800-829-4059).
When to call the IRS after receiving a cp05 notice?
INFORMATION FOR… We’re verifying your income, income tax withholding, tax credits and/or business income. You don’t need to take any action. Please do not call us until 60 days after the notice date and only if you haven’t received your refund or heard from us by then. Someone else may have used your personal information to file this return.
What do you need to know about a notice cp05?
A Notice CP05 is one of the letters that do not request that you respond to the IRS. The Notice CP05 merely indicates that the IRS is reviewing your tax return and verifying the following items, among other things: Income reported Income tax withholdings reported Tax credits claimed Withholdings from Social Security benefits claimed
When to respond to a notice from the IRS?
While the IRS allows you some time to respond to its notices, it is often not enough time for you to begin interviewing tax advisors or tax attorneys to determine who you should retain to represent you in an audit or other proceeding before the IRS and to prepare a response.
Why is the IRS holding my tax refund?
The IRS is holding your refund while it is verifying the accuracy of your return, including one or more of the following you may have reported: credits, income (e.g., wages) and withholding that were reported on your return.
