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
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.
Want more help?
See your local tax pro for a free consultation.
Letter from the IRS?
Your local H&R Block tax pro can look into it for you.Schedule a Free Consultation
Learn what the IRS is looking for during an audit, the steps you should take to prepare for an IRS audit, and when it's best to get expert help.
The IRS grants four types of penalty relief, but many taxpayers don't ever ask. Learn how to request penalty abatement from the IRS.
Find out how long the IRS has to audit your return, when most audits normally start, and how to know if you've been selected for audit.
How long you can expect your IRS audit to last depends on the type of audit and the scope. Learn how to efficiently wrap up an audit from the tax experts at H&R Block.
Nobody wants a letter from the IRS -- but you shouldn't ignore one. Here's what happens if you ignore an IRS audit, and how you should respond to the IRS.
Learn the three main benefits of engaging a power of attorney to research your IRS account and resolve your tax problems. Get the facts from the experts at H&R Block.