2024 IRS TAX REFUND UPDATE - NEW Refunds Processed, Tax Refund Delays, IRS Notices, 570 Codes

On today’s IRS tax refund update we will recap the latest developments including the next round of tax refunds scheduled this week, meanwhile we are getting reports that a number of tax filers who e filed their returns this year and paid any balance owed are now receiving balance due letters so we will take a look at what the IRS is now saying about this problem and from there take a look at those ongoing delays and the different scenarios those seeing the 570 and or 971 codes on their tax transcripts. Starting off with the latest as the next batch of tax refunds is scheduled to be released and transmitted by the IRS on June 20th. Meanwhile we have been hearing from a number of viewers who filed their taxes this year and who paid any balance owed to the IRS that they are receiving the CP 14 notice from the IRS indicating they still owe the balance in question, now in the last week this has become a big enough problem that the IRS has in fact addressed it and confirmed these letters were sent out in error in a number of instances where the letter was sent out before the payment was in fact processed. There are also instances where there may have been an error discovered on the tax return after the payment was processed which may result in a different balance owed to the IRS, now for those who paid their tax balance in file and on time and still received this notice should not do anything at this time, and that any penalties and interest will be automatically adjusted when the payments are applied correctly by the IRS, and for those who only paid part of the balance owed should follow the instructions they received on the CP 14 notice. Moving onto those ongoing tax refund delays as many still experiencing them are reporting seeing a combination of the 570 and 971 on their tax transcripts, and there are several different scenarios those who are seeing the 570 tax transcript code will fall under.
0:00 Introduction
0:29 New Refunds
1:02 New IRS Issue
1:56 Tax Refund Delays - Part 1
2:41 Tax Refund Delays - Part 2
3:18 Tax Refund Delays - Part 3
3:49 Refund Help
4:23 Closing
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Disclaimer: This is for informational purposes only and is subject to change. Material provided should not be considered tax, accounting, or legal advice. Please consult a certified tax consultant for tax advice.
#TaxRefund #IRS #News #Taxes #TaxReturn #Tax #Refund #TaxSeason #youtube #video #new #newvideo #breaking news

[@debbiesebold2723]

We are due to get our refund on June 20th. Filed 1/31. Had to send in 1099R on May 1st. Ukraine got 2 rounds of relief from the U.S since January, and we are still waiting for our own money from our government. I wish everyone on here the best...we are all in this mess together.

[@cereneclark4376]

When all the poor realize this instead of being distracted by black and white. The government will stop playing with us

[@kelechinwadigo3260]

That’s the 1099R?

[@t-rex75]

Real Talk🤦🏿‍♂️

[@tristanmichael7596]

Was your 1099r not on your wages transcripts prior

[@cereneclark4376]

@@tristanmichael7596 according to the IRS representatives they stated it didn't match up with what I reported on my W-2 sent for my employer so they had to wait for the employer to post my wages which I now see but I still don't have my money

[@Standefiant]

Mine still have nothing. Last time Im ever filing taxes. When they come asking Ill say to bad its processing.

[@dtowerz9489]

We should all go on strike against the IRS , I demand to not pay taxes anymore 😂

[@user-el8lr2qe7v]

They are not seeing 2024 taxes

[@Sinmaster1701]

I've called my congressman because we are almost on 4 months and we still show NO return. Still 100% blank. No codes, no mail, not a darn single update

[@Sinmaster1701]

Why doesn't anyone report on the millions of people who show absolutely nothing on their transcripts after months?

[@jalesapowell]

Same here I contacted the congressman too. It's ridiculous how it's taking so long. Irs really messed up this year

[@kelechinwadigo3260]

Finally update on my tax return……but it’s the processing delay code lol not much for me to see. Btw I went to my congressman!

[@darnellchavez8131]

Hey good people...I haven't received letter or anything just keep telling me call back basically every two months so my next call back is June 29... keep in mind I filed March 18😡

[@SheIsArt989]

Filed on Jan 24th was accepted on Jan 28th was in limbo for 3 months got a letter for ID Verification did that i believe in may & then got a letter may 15th with saying we need a extra 60 days got passed that on June 15 now got another letter in mail today with we need a extra a 60 days with in quote we’re working on your account however need a additional 60days to complete your response on what actions we gonna take seriously??? Nothing has changedthat I Have Gotten 2 letters 1040 we need an extra 60 days so now it’s looking like aug 17th we need to abolish the IRS this is crazy!!! Also should mention I contacted my state representative and they’re talking to the tax advocate on my behalf. Last time I heard she had me send my W2 forms or income for the last 4 years which she sent to the tax advocate team that was last week so hopefully This letter was sent before I sent the w2 forms ! Hopefully me contacting the tax advocate/my State Representatives will make this process more faster!

[@JBennett-tb4cm]

I know this ish is beyond ridiculous shoot my car got repoed lol

[@SheIsArt989]

⁠@@JBennett-tb4cmoh no! :/

[@zacharylutz7135]

Filed 2/1/24, still waiting, just return received.

[@maryduncan9460]

I’m still waiting for mine I done mine on 02/03 and still waiting ever I got the letter and it’s done been over 90 days since I got mine letter

[@deekshitshetty6918]

Can anyone please explain what is 4464c letter ?

[@knighthawk6554]

I E filed on February 28th, I called the IRS on March 23rd and they told me I had to wait 8 weeks from March 8th but she didn't know why, so I wait 8 weeks, called them back and they said it's still being processed. This delay Seems very intentional, at least I'm not the only one though I guess

[@SheIsArt989]

Honestly i think they don’t have the money to give us because there to busy giving it to other countries & spending it. I believe there just trying to extend time that’s why It keeps being push out…. 😠

[@stunterjr4life]

Bro so I got my check from 6/14 today I was suppose to get two but only one came and of course it was the one for additional taxes and not my original check so I only have 300 I’m beyond irritated w this whole process

[@martin5.036]

Just got 3rd wait another 60 days but this one says waiting for tax account info to be available on there computer…..wtf!

[@CharlesWylie]

Same exact thing happened to me. They are waiting on your w2 information to be entered on your wage transcript. Mine just showed up . Then i moved to processed. And a dd date of june 20. I hope yours does the same.

[@shavoncelistan2376]

​@CharlesWylie how long after the transcript updated did it go to process??

[@CharlesWylie]

@shavoncelistan2376 it went to approved 3 days after info was entered on transcript. With a direct deposit date for 5 days later.

[@savannaheleam119]

Still waiting since January 29

[@peggykukanich8174]

Filed 1/31. 2 letters, no action required. Still waiting....

[@debbiesebold2723]

I had the same Peggy. Call the IRS. That's how I found out I had to send in a 1099R. Not everyone is getting letters stating what the problem is.

[@peggykukanich8174]

Tried calling many times...my wage transcript is missing a 1099R.

[@martin5.036]

Mine too

[@ingerdlee]

Well i filed 2/12 accepted on 2/14. Never recd ltr but went online and showed dated ltr 3/18. Here i am still waiting as of 6/19 and i am told there is nothing i need to do.

[@rogerbryant9870]

Same here! But filed 2/2 and accepted same day

[@charleslynn3921]

i just got 152 code

[@shadycamaro]

What did you have before?

[@charleslynn3921]

@@shadycamaro nothing

[@kellyobrien581]

I cat my Takis

[@3JSlots]

Still waiting since February smh

[@rajahzella5321]

Me too. Had to amend my taxes. They received the 1040 forms on the 23rd of April. It’s been processing since. I called twice and they said it takes up to 16 weeks to process. I just don’t understand

[@najiaalaoui-rl1fe]

Me too been waiting since feb 2 . Seriously this is insane! Why? Why? We worked, we paid our taxes and this is what we get! Irs employees were train to answer us. You have to wait every month i called they keep pushing my date. I’m frustrated!

[@JusticeCroffie]

Same here.. smh 🤦🏾‍♂️. 2/2/2024… got no updates or nothing from irs. They just told me to wait, wait and wait some more.

[@jaiteri]

Since filing on 2/18 and been accepted the same day, direct deposit account has closed due to fraud . Called IRS about all the issues with processing , finally verified last week now I still have to wait 9 weeks and the account can’t be updated so yet another delay 😢

[@Boudicaisback]

Me too. Nothing wrong with my taxes either. My refund hasn't even been approved yet

[@user-el8lr2qe7v]

We shouldn’t have to be tax professionals just to get a fucking refund. It’s our money they took it.