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@Elizabeth Fingers crossed we follow that same trend this go round!! I’m trying my best to stay patient and hopeful for a quick and easy resolution but sheesh, it’s hella hard right now lol
Any good news in here?!? I know it’s early but I updated and wanted to see if anyone else did too. Now, my update isn’t so fun but hey, an update is an update I guess lol — in addition to my 570 from 2/16, last night I updated to a 971 with a date of 3/11. Whomp whommmp!
And just to note, the 570 will always have 0.00 beside it as it is solely a freeze code rather than a monetarily actionable code. Only codes that result in a monetary action (adjustments) will have dollar amounts filled in.
Naturally, the 401k thing won’t apply to all but I figured it was worth highlighting. A 570 is caused by many different scenarios — injured spouse claims, identity verification, increased withholdings, innocent spouse claims, duplicate SSNs, first-time credits (meaning this is your first time claiming/using certain credits), adjustments (didn’t pay enough taxes or paid too much), and manual reviews when processing is stuck or flawed. It can be one thing or a combination of a couple
At this point I’m trying to find someone with a 401k withdrawal that has received their refund this year lol. Bet I’ll never do another early withdrawal again smh, honestly had no idea it would open Pandora’s box come tax time
@Elizabeth The part about box 5a and 5b came from the online thread. Apparently someone had this same issue last year and it was that box 5a was blank when both 5a and 5b should’ve been filled in — which is exactly my issue this year. They said it resolved itself within a week with a 571 and the return transcript updated with 5a filled in. Line 5 may not be applicable in your case if both 4a and 4b are filled in; they may just be verifying the calculations.
@Elizabeth My co-workers and I were talking about how unusual this tax season is going and I mentioned the 570 issue. All 4 of us withdrew from our 401k for the first time last year after a company merger so we all filed with a 1099-R this year and we all have a 570 (one has a 971 as well). I did some online searching and came across a whole thread of folks in the exact same boat so it can’t just be a coincidence with the 401k folks.
Did any of you happen to take an early 401k withdrawal last year and filed a 1099-R with your return? That’s the only thing I did differently this year and I saw a Reddit thread with tons of people who did the same and received a 570 and/or 971 as well…
Not sure why my comment was moderated but…did any of you file with a 1099-R for an early retirement withdrawal? I did and I just stumbled across a thread of folks with a 570 that did the same. Apparently box 5a on our form 1040 should have the same amount as box 5b but some tax software companies were leaving box 5a blank — which is what has happened in my case; only box 5b has an amount. Should be an easy fix!! Just wanted to shed some possible light for anyone in the same boat as me.
Oh and my as of date, processing date, and 570 date are all 3/4 now
I was accepted 1/29, as of date updated to 2/19 on blank transcripts 2/2, didn’t budge for 2 weeks, then I filled in with 570 this past Friday. WMR is delayed message with bar and topic 152
Following this for updates! I have a 570 with 150 and 806, and my IRS account page (not transcripts) has all of my 2023 return info along with 0.00 balance owed for 2023. So it looks processed, hoping this turns into a 571 next week!
@Tigerlili_1 Was there an issue with NetSpend issued by Axos Bank?? No fees taken out and this is the absolute latest I’ve ever had to wait on NetSpend for my deposit so I getting kind of nervous especially since other Netspenders got theirs hours ago
@tigerlili_1 So can you tell when Netspend starts 2/26s?
That’s odd…perhaps it depends on the prep software/company you used. I filed both mine and my brothers on 1/27 and we were both accepted around 3:30 – 4 AM on 1/28.
I would love to know this too. Unlike the last couple of years, the official IRS statement regarding opening day doesn’t say anything about PATH act, certain credits having to wait to be accepted, or even a mention of February 15th but I don’t want to get my hopes up.