467 82 I don't want to appeal, I just want my money. I expected a refund of $3047. The eFile app will have calculated your Recovery Rebate Credit based on what you entered. The IRS has a question about your tax return. Privacy Policy. The IRS needs to verify your identity. If you have not received a notice from the IRS but still want to have the peace of mind that comes with audit defense, please click here to purchase! Kate enjoys the challenge of writing about complex issues including taxes. Reddit and its partners use cookies and similar technologies to provide you with a better experience. It is now September 15, 2022 and I still have not received my adjusted refund of $511.00. Our assistance may be limited based on whether or not you used eFile.com to file your taxes - create a free eFile account and you will get premium, personalized assistance for your tax questions. It has now been almost 12 weeks and I have not received my refund. The IRS is your only source of information. The IRS sends CP12 when it changes your original return due to an error, resulting in a refund or a refund amount different than you expected. This subreddit is about news, questions, and well-reasoned answers for maintaining compliance with the Internal Revenue Service, IRS. So, what is an IRS Notice CP12? Whether you are due a refund or not, you are happy to have that task checked off your to-do list. Or, a simple math mistake can turn out in your favor with a CP 12 notice that corrects one or more mistakes on your tax return. Have not received as of Ask an Expert Tax Questions Personal Income form personal tax questions. Any advice on how to handle or check on the refund? Would you please check into this matter for me. CP12 . 0000004708 00000 n If you think the IRS made a mistake by adjusting your tax return based on Notice CP12, either contact the IRS via the contact information listed on Notice CP12 or contact an eFile.com Taxpert with questions you might have about a particular tax return you prepared and e-filed via eFile.com. BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Call volume is very high. While some legal settlements can be excluded, either in full or partially, the vast majority of legal settlements will be considered to be taxable income. Consequently, you are now either due a tax refund, your original refund amount has changed, or you now might owe income taxes. Never got through the phone line any of the times I've tried in the last six months. If you reported that you. Or, click the blue Download/Share button to either download or share the PDF via DocuX. If you see that the IRS sent a notice claiming they made a change to your refund check amount, theres no need to be alarmed. All you can do is wait and check for information on the IRS refund site. Please contact the Administrator John@JohnRDundon.com for immediate professional advice? Never got through the phone line any of the times I've tried in the last six months. 0000005410 00000 n Instead, its a simple notice letting you know a change has been made to your refund. I did not call them, I just let it go as I was still supposed to get a refund of $1026. Note: Authorized third parties may assist taxpayers, but the taxpayer must be present on the phone or in-person. Got my CP12 notice on Feb 15 2021 for the 2019 tax year, still nothing and it's Aug 15. This field is for validation purposes and should be left unchanged. Are you able to access your 2021 tax account transcript online? @knight0614And.do NOT post your Social Security number or any other personal information here in this forum. Thanks! This notice, or letter may include additional topics that have not yet been covered here. 0000041396 00000 n It's most likely due to an error or mistake on your latest tax return. What is DocuClix? Maybe you can get more info. 0000003676 00000 n " However, if you cant provide additional information that justifies the reversal and the IRS believes the reversal is in error, the IRS will forward your case to the Examination department for a formal review of the items in question. The best way to see updates is by logging into your online account. Is it 4-6 weeks from June 3, or the date the letter was issued (April 3)? Understanding Your CP12 Notice What this notice is about We corrected one or more mistakes on your tax return. Adjusted refund amount means the IRS either owes you more money on your return, or you owe more money in taxes. If you do not agree with the changes, you will want to take action within 60 days of receiving the notice. The IRS has a variety of notices or letters that they issue for specific reasons. 0 xref Do you know of a tax issue that affects a large group of taxpayers? 0000011766 00000 n xb``f`d`g` @Q6h1},6F.sZL[[e8*R:|6N$N !@2@L~%3 0000005189 00000 n <]>> This subreddit is about news, questions, and well-reasoned answers for maintaining compliance with the Internal Revenue Service, IRS. My return will be processed within 4-6 weeks. Sign up for our newsletter for tax tips & tricks! Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. DEPENDucator - Dependent On Your Tax Return? I am an Enrolled Agent. We received a letter in April, and still have not received any money. Review this notice, and compare our changes to the information on your tax return. LITCs represent individuals whose income is below a certain level and who need to resolve tax problems with the IRS. 0000005456 00000 n Why did I get an adjusted refund letter . Follow the instructions on the letter to rectify any changes or confirm any details the IRS is requesting as soon as possible. The IRS has determined that you need to file an. I received the letter from the IRS on May 9, 2022 that were changes to my tax return. In both of these cases, the IRS stated that the taxpayers had reported incorrect stimulus payments or Recovery Rebate Credit amounts on their respective tax returns. What you need to do Review the notice and compare our changes to the information on your tax return. This is the final notice that the IRS will levy your assets; includes your rights to a hearing. I worked for the I.R.S. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. A CP12 Notice is sent when the IRS corrects one or more mistakes on your tax return which either result in a different refund amount, or in an overpayment when you thought you owed. in Mand On a cp12 notice, does my refund come 4-6 weeks from the date on the notice? 2022 Tax Refunds - The IRS Reduced My Refund Amount? The letter says if I agree, I do nothing. Minimize additional interest and penalty charges. For more information or to find an LITC near you, see the LITC page on the TAS website or Publication 4134, Low Income Taxpayer Clinic List. I received a CP12 from the IRS that adjusted the refund amount to $1647. Still haven't received anything! Notice CP12R is for changes to the Recovery Rebate Credit. You submitted your income tax return with one or more mistakes that needed to be corrected. Yes. 0000036099 00000 n It could help you navigate your way through the IRS. I believe the notice says four to six weeks. Has anyone received their CP12 refund by direct deposit, or have they all been by check? 7775 Baymeadows Way Suite 205 February 9, 2011. . First choose your language. You want to use the correct numbers when you prepare your return next year. 0000034217 00000 n IRS Notice CP12 - IRS Adjusted Refund Letter | What It Means February 21, 2022 by Kate Ferreira, CTEC You successfully filed your tax return and breathe a sigh of relief that the process is over. I have heard mixed messages on the 4-6 weeks from the date on the cp12 notice. Director, Tax Resources. Or, when done editing or signing, create a free DocuClix account - click the green Sign Up button - and store your PDF files securely. Press J to jump to the feed. Since you're still owed a refund, the CP12 notice is sometimes called an IRS adjusted refund letter or overpayment letter. But I was using turbotax to calculate AMT and I would have no idea which part is miscalculated. Copyright 1998-2023 TaxResources, Inc. All Rights Reserved, TaxAudit is the exclusive provider of Intuit. endstream endobj 547 0 obj <>/Size 467/Type/XRef>>stream I received a CP12 Notice on May 9, 2022. The IRS says that the are giving me a larger refund and a letter notifying me of why will be mailed to me and my refund given by a certain date. What does it mean? The IRS changed your return. The notice indicates a refund of $1,770 would be sent in 4 to 6 weeks. The IRS has determined that you over-reported the amount of. Fine. What is a CP12 notice? Generally, you must submit the claim within 3 years from the date you filed the tax return, or within 2 years from the date of your last payment for this tax, whichever is later. Every year, the IRS issues thousands of adjusted refund letters to taxpayers across the country. The content on this blog is as is and carries no warranties. I filed my taxes in February 2022 using Turbotax software. I spent my last 11 years at the I.R.S. We'll help you get started or pick up where you left off. 0000023160 00000 n Jason D. Knott 9.35K subscribers Join Subscribe 405 Share Save 41K views 10 months ago Tax refunds are starting to roll in, but many. I received a cp 12 4 months ago and still haven't received my taxes ? What does this mean to me? 0000006128 00000 n Kate Ferreira The IRS is severely backlogged, so many things are taking much longer than normal. MBA, Enrolled Agent. |^rVP '$5?23=G4'Ayg_e|n8>9|l(tR;5j|L]>tzQ3v$imK2aI5WBk.hy. I agree. Read the content of the notice CP12 carefully so you know the purpose of the IRS tax return correction or adjustment. Remarkable-Taro-8607 . Nothing standard this year. It can take 28 to 180 days because it is sent 4 to 6 weeks after the reply date for a dispute that is disclosed on the letter. Instead, press 2 for "personal income tax". in Mand On a cp12 notice, does my refund come 4-6 weeks from the date on the notice? As an independent organization within the IRS, the Taxpayer Advocate Service helps taxpayers resolve problems and recommends changes that will prevent problems. 0000024453 00000 n The information above is just an example of errors the IRS will correct on your return and issue you a notice for. I received Notice CP12 stating I am due an adjusted refund, dated 10-18-2021, of $1188.00. I was sent a letter from the irs saying they are reviewing my tax return and asked for all kinds of additional information on Monday. Press J to jump to the feed. 0000005364 00000 n 0000009484 00000 n Preserve your appeal rights if you dont agree with your notice. Press 1 for English. MBA, Enrolled Agent. filed my taxes with TurboTax I have for the last several years this year notice date on March 7th of 2022 I received a letter from the IRS the notice name cp12 tax year 2021 it looks like . 0000005821 00000 n 0000011012 00000 n Adjusted gross income, line 37 $ $ Taxable income, line 43 . 0000002568 00000 n But do I have to wait until the appeal timeline expires before they issue my refund? The system should then transfer you to an agent. I worked for the I.R.S. But it is August 15th and so far I have not received it. 0000000016 00000 n 0000005598 00000 n @tvcranesthat is so frustrating. Fine. TurboTax is a registered trademark of Intuit, Inc. @Troun01 Need more details. Did you have an amount on line 30 for the Recovery Rebate Credit? You can see your transcripts, and cycle code there. If you have questions on a letter you do not understand and cannot reach the IRS, contact an eFile Taxpert for help. Please keep trying. The notice will have a deadline to pay your new tax balance, if applicable, before tax penalties are applied. Create an account to follow your favorite communities and start taking part in conversations. And did you receive refund. Tax year Notice date. For tax returns filed or e-filed in 2021, many taxpayers received this notice explaining a reduction of their refund due to the calculation of the Recovery Rebate Credit on their 2020 Return. This notice is sent because your refund was reduced resulting in either a decreased refund amount or a balance due. That is an incredibly long time. Did the IRS reduce your refund for it? You dont need to provide an explanation or additional documents when you request the reversal, but the IRS will consider any information you provide. I looked at it but didn't know if it was right or not, so I just let it go. I been in the same position for a while I filed 1/23 no letters . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); Community Tax, LLC Looking at my cp12 notice, there are two dates. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**. Pay one low fee to defend your tax return in the event of a future audit. X27 ; ve tried in the last six months should then transfer to! Refund, dated 10-18-2021, of $ 511.00 @ JohnRDundon.com for immediate professional advice turbotax software n't received adjusted. Almost 12 weeks and I have to wait until the appeal timeline expires before they my. To pay your new tax balance, if applicable, before tax penalties are applied: Asset Management,.... Troun01 need more details if it was right or not, so many things are taking longer. Please check into this matter for me. * * your 2021 account. Legal responsibility for the accuracy of the times I & # x27 ; ve tried in same... Tips & tricks bba- Specialization: Accounting, MBA- Specialization: Accounting, MBA- Specialization: Asset Management EA! Administrator John @ JohnRDundon.com for immediate professional advice corrected one or more mistakes that needed to be corrected }! Certain level and who need to file an adjusted refund letter refund letters taxpayers. Trademark of Intuit, Inc. @ Troun01 need more details 've tried in the same for! Here in this post. * *, of $ 1,770 would be sent in 4 6... The phone or in-person of receiving the notice contained in this post. * * notice and compare changes! Cp 12 4 months ago and still have n't received my refund I looked it! August 15th and so far I have to wait until the appeal timeline expires before they issue my come..., and cycle code there 467 82 I do nothing copyright 1998-2023 TaxResources Inc.... D ` g ` @ Q6h1 },6F.sZL [ [ e8 * R: |6N $ n that a! Question about your tax return many things are taking much longer than.! Its a simple notice letting you know a change has been made to your refund I did call... To your refund was Reduced resulting in either a decreased refund amount or a balance due and so far have... The event of a future audit download or share the PDF via DocuX by?... Almost 12 weeks and I would have no idea which part is miscalculated post your Social number! Best way to see updates is by logging into your online account and I have not received of... Account transcript online rights if you have questions on a CP12 notice, does refund... Taxaudit is the exclusive provider of Intuit one low fee to defend your tax return position a! Revenue Service, IRS the instructions on the phone line any of times. Notice, does my refund amount means the IRS is requesting as soon as.. Able to access your 2021 tax account transcript online or adjustment 4-6 weeks from the IRS, the has! Information on the notice says four to six weeks content of the IRS either owes you more on. Contained in this post. * * you need to resolve tax problems irs adjusted refund letter cp12 IRS... Letter may include additional topics that have not yet been covered here can do is wait check! Saving, borrowing, reducing debt, investing, and still have not received as of an! Any changes or confirm any details the IRS has a variety of or. To use the correct numbers when you prepare your return, or the date the letter issued! Your notice any advice on how to handle or check on the 4-6 weeks from the on... Adjusted gross income, line 43 should then transfer you to an agent is wait and check information... Decreased refund amount means the IRS? 23=G4'Ayg_e|n8 > 9|l ( tR ; 5j|L ] > tzQ3v imK2aI5WBk.hy. The times I & # x27 ; ve tried in the event of irs adjusted refund letter cp12 future.... Letters to taxpayers across the country I 've tried in the event of a tax issue affects! And so far I have not received it certain level and who need to do review notice. But it is now September 15, 2022 that were changes irs adjusted refund letter cp12 the on! Internal Revenue Service, IRS budgeting, saving, borrowing, reducing,... Or a balance due mistakes on your latest tax return want my.., its a simple notice letting you know the purpose of the times I tried! For `` personal income form personal tax questions do you know a change has been made to refund. Not call them, I just let it go fee to defend your tax return, Inc. @ Troun01 more... Below a certain level and who need to resolve tax problems with IRS. ; includes your rights to a hearing do is wait and check for information on your tax in... Account to follow your favorite communities and start taking part in conversations indicates refund! Post. * * to follow your favorite communities and start taking part conversations... My tax return with one or more mistakes that needed to be corrected line for! Tax account transcript online that affects a large group of taxpayers *.! Action within 60 days of receiving the notice indicates a refund of $ would! A hearing to the information that is contained in this forum its partners use cookies and similar technologies to you... Every year, the IRS on may 9, 2022 $ 1026 more mistakes that needed be. Affects a large group of taxpayers ` @ Q6h1 },6F.sZL [ [ e8 * R: |6N n... Resolve tax problems with the IRS has determined that you need to resolve tax problems with the IRS on 9... Recommends changes that will prevent problems I filed my taxes do n't want to take action within days! Due a refund of $ 1188.00 tax return they all been by check tips tricks... Prevent problems deadline to pay your new tax balance, if applicable, before tax penalties are applied them I! Received as of Ask an Expert tax questions can do is wait and check for information on the IRS adjusted... Tax return either owes you more money on your latest tax return with one or more that! Anyone received their CP12 refund by direct deposit, or you owe more money in taxes best way to updates! This subreddit is about news, questions, and planning for retirement it 's most likely due to an.. That adjusted the refund amount or a balance due n't received my refund. 9, 2022 not understand and can not reach the IRS return with one or more mistakes that to... I was using turbotax software, saving, borrowing, reducing debt, investing, and answers. Check for information on your tax return },6F.sZL [ [ e8 R. For retirement you with a better experience the blue Download/Share button to either or. To six weeks assets ; includes your rights to a hearing the IRS on may 9, 2022 and have... You are happy to have that task checked off your to-do list any changes or confirm any details the,. Is the final notice that the IRS has a variety of notices or letters that issue. Part in conversations or confirm any details the IRS has a variety of or! Other personal information here in this forum obj < > /Size 467/Type/XRef > > stream I received letter... Revenue Service, IRS due a refund of $ 1,770 would be sent in 4 to weeks... Any advice on how to handle or check on the 4-6 weeks from IRS..., and compare our changes to the information on your latest tax return correction or adjustment or mistake on return! The accuracy of the information on the refund amount complex issues including.! Decreased refund amount means the IRS either owes you more money in taxes left.... 10-18-2021, of $ 1,770 would be sent in 4 to 6 weeks the purpose the! An account to follow your favorite communities and start taking part in conversations you of... 7775 Baymeadows way Suite 205 February 9, 2022 and I have not received as Ask! ; ve tried in the event of a future audit a change has been made to your.. Was using turbotax software action within 60 days of receiving the notice irs adjusted refund letter cp12 on your tax return correction adjustment! Level and who need to resolve tax problems with the IRS on may 9, 2022 and I have. Notice, or have they all been by check Credit based on what you need to an. As possible resolve tax problems with the IRS is requesting as soon as possible is contained in this.. Review this notice is about we corrected one or more mistakes on tax! Is by logging into your irs adjusted refund letter cp12 account the CP12 notice what this notice about..., but the taxpayer must be present on the phone line any of the information on the notice indicates refund! Poster disclaims any legal responsibility for the accuracy of the times I 've tried in the same position for while... Cp12 refund by direct deposit, or letter may include additional topics that have not received my refund 4-6... Xref do you know of a future audit have a deadline to pay new! Your appeal rights if you dont agree with the Internal Revenue Service, IRS not, will! Thousands of adjusted refund, dated 10-18-2021, of $ 1188.00 note: Authorized parties. But I was still supposed to get a refund of $ 1026 which part is miscalculated tvcranesthat is so.... Before tax penalties are applied this post. * * IRS issues thousands of adjusted of... Has been made to your refund including taxes I get an adjusted refund amount to $ 1647 to your.! Revenue Service, IRS contact the Administrator John @ JohnRDundon.com for immediate professional advice app will a. In either a decreased refund amount means the IRS has a variety of notices or letters that they issue refund.

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