IRS Is Sending out Identity Verification Letters to Possible Identity Theft Victims: In its efforts to combat identity theft, the IRS is stopping suspicious tax returns that have indications of being identity theft, but contain a real taxpayer's name an
On Thursday, a user of the r/bitcoin subredditdescribedreceiving such a letter. Lawyer Tyson Cross, writing forForbes, also detailed how a number of his crypto-focused clients have received this kind of letter from the IRS. TheUnited States’Internal Revenue Service (IRS) is allegedly consideri...
However, most people see a hold resolved within 21 days of the IRS receiving the requested information from an additional review (such as identity verification). What if I filed EITC or ACTC? If you have the Earned Income Tax Credit or Additional Child Tax Credit, your refund does not ...
You will receive and official IRS notice around this and a request for additional verification or documentation. Unfortunately this will likely delay your refund beyond standard processing times. Code 421 would indicate that the audit was closed. Code 424 means your return has been set aside for ...
Includes a Form 8379,Injured Spouse Allocationwhich could cause delays for up to 14 weeks due to additional (manual) processing and verification by the IRS. Needsfurther reviewsin general by the IRS. Most tax processing systems have automated checks looking forcommon red flags and are then flagge...