IRS Notice CP05 – Your Refund is Being Held While The IRS Reviews Your Tax Return
Your refund is being held, pending a review of your return. The IRS may contact third parties to verify information shown on the return.
Type of Notice: Return accuracy
Most common tax problem area: IRS audits
Other tax problem areas: IRS penalties, IRS bill for unpaid taxes
Why you received IRS Notice CP05
- The IRS selected your return for review to verify one or more items on the return.
- The IRS is holding your refund pending the outcome of the review.
Notice deadline: N/A
If you miss the deadline: No response is due at this time, but the IRS may send you a second notice requesting that you provide documents to support one or more items shown on your tax return.
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