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.

View notice CP05 image

Type of Notice: Return accuracy

Most common tax problem area: IRS audits

Other tax problem areas: IRS penalties, IRS bill for unpaid taxes

Why you received IRS Notice CP05

  1. The IRS selected your return for review to verify one or more items on the return.
  2. 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.

Related Tax Terms

Audit Procedures IRS Audit

Get help from an IRS expert

H&R Block’s experts can solve any IRS problem, no matter how complex.

Make an appointment

Or call 855-536-6504

Related Information

How to Handle an IRS Audit

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.

Don’t Pay an IRS Penalty Without Looking Into Penalty Relief

The IRS grants four types of penalty relief, but many taxpayers don't ever ask. Learn how to request penalty abatement from the IRS.

How Long Does the IRS Have to Audit Your Tax Return? There Are Two Answers.

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 Does It Take? IRS 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.

Ignore the IRS Audit And It Will Go Away … Right?

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.

Power of Attorney: It’s How Your Tax Pro Deals with the IRS For You

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.