IRS Notice CP05
Content provided for general information. Talk to your advisor to learn about recent updates or other rules that may apply to your situation.
IRS Notice CP05 means that your tax refund is on hold until the IRS can review your tax return. Here’s what you can do to move things along.
Did I do something wrong?
Getting a CP05 Notice doesn’t automatically mean that you did something wrong or won’t get your full tax refund. The IRS runs automatic checks on all tax returns before sending out refunds, and sometimes things take longer than usual.
The IRS may just be waiting to get information from your employer or someone else who paid you during the year.
Of course, the IRS wouldn’t be checking tax returns unless there was a chance they could make changes or do a full tax audit. However, even a tax audit doesn’t mean you were wrong — sometimes, the IRS just needs you to send more information to confirm you filed correctly.
In some cases, you may also receive IRS Notice 1445 which simply tells you how to get help in another language.
What do I do with a CP05 notice?
Notice CP05 generally says that the IRS needs more time to review your tax return but doesn’t ask you to take any action. The IRS will either issue your tax return or contact you again.