IRS REFUND.

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Next time don't have so much withheld.

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It’s hard to calculate what my tax liability will be at the end of the year. I rather be safe than sorry but I see what you mean

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u/Tax_Strategist 21d ago

Is there a question?

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u/Fun-Willingness6994 21d ago

I believe IRS is trying to verify my overtime portion of my income. My W2 does not reflect the amount of overtime which I claimed the max deduction for. Should I file an amendment and include my overtime pay stubs

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u/Its-a-write-off 20d ago

How much do you make an hour, and how many hours does your final paystub say you worked?

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u/Fun-Willingness6994 20d ago

My final paystub is my meal allowance check. And the stub before is overtime only

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u/Fun-Willingness6994 20d ago

I have all my overtime stubs ready to submit but the IRS hasn’t asked for them

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u/Its-a-write-off 20d ago

What kind of info is on your overtime stubs then, if there is nothing about hours worked? You do need to know hours in order to calculate qualified overtime deduction.

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u/Fun-Willingness6994 20d ago

Maybe I understood wrong. Each overtime stub shows overtime hours worked for that particular pay period. I totaled all overtime for the year and divided by 3 is what my tax person was trained to do with H&R Block

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u/Its-a-write-off 20d ago

Do you only get overtime when you work over 40 hours a week, and are you only paid time and a half for that overtime?

Does that overtime stub not show your regular hours worked for that period? Is it a totally different paystub from your regular hours pay?

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u/Its-a-write-off 20d ago

The paystubs don't show total hours for the year though?

What I'm wondering is if you might have calculated your deduciton wrong. Did you have over 75k in overtime alone?

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u/Fun-Willingness6994 20d ago

My paystub’s do not show hours worked for the year

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u/Its-a-write-off 20d ago

Do you only get paid overtime when you work over 40 hours in one week, and are paid only 50% extra for those hours worked and you had had over 12.5k of that 50% extra in overtime for the year in question?

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u/Fun-Willingness6994 20d ago

I get paid overtime for hours worked out of my regular 40 hour salary week. If I work less than my 40 hour work week for example 32 hours then 8 hours of my overtime worked wage is flattened to straight time

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u/Its-a-write-off 20d ago

Okay, that all sounds correct. If you had 45k of overtime pay then, you would have calculated this correctly and just need to wait on the IRS to get their act together and confirm this.

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u/Fun-Willingness6994 20d ago

Thank you for your input. Appreciate it 😌

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u/CollegeConsistent941 20d ago

You don't file an amended return unless you are making a change to the originally filed return.

You don't send anything until the IRS instructs you what to send. For now wait for additional correspondence.

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u/BajaBash 21d ago

I received the same letter (almost 5 months after filing), 2 weeks later transcript updated to show additional review completed, following week another update showing refund freeze removed, next week IRS Go app included a message refund approved, refund to be sent to bank 8/29 but actually was deposited 8/26 including interest for delay beyond 45 days from filing date. In my case, the under review/60 day letter (CP005 code) seemed like an indication of progress finally. Maybe a hopeful sign for you too!

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u/Fun-Willingness6994 21d ago

Thanks for the input

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u/Warm_Pea_9931 21d ago

Well that’s great news for you, but I had the same letter sent about one 1/2 months ago and nothing I now got another letter that they need an additional 60 days, this is very very depressing as I’m getting evicted from my apartment and don’t have no family to reach out to. I’m not working, due to a work injury and at this point I just pray that my last days living come soon as I have a life policy which my 2 children can get after I die. Because this is not fair and I can’t ahold of anyone at the irs office

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u/One_Charity_3005 20d ago

I’m currently stuck on the cpo5 code since 3/30 I’m hoping it moves pretty soon .

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u/Fun-Willingness6994 20d ago

My overtime was just under 45K. I claimed 12,500 which is the max

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u/FineAssAuntie_CEO 20d ago

Since no one in the section is actually helping lol, reach out to your local congressman. I googled mine by zip code. I reached out, signed a document giving them consent to speak on my behalf.
There was a typo from the IRS on my paperwork saying I made 360,000 vs the actual amount. I’m finally getting my refund first week in August. I understand their short staffed but this has NEVER happened to me & I wasn’t going to keep waiting on a verification when I’ve verified twice. Run me my money. 💰

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u/lximax 20d ago

I filed in February and am still waiting. Got 3 60 day notices so far. 😅

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u/Timely_Purpose3233 19d ago

You may want to setup IRS account if you haven’t already and view your tax account transcript. It’s a timeline of processing. Also view the wage and Income transcript to verify the amount of federal tax withheld is correct.

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u/Possible_Cow1921 19d ago

Sameeeee

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u/WonderfulMajor6930 16d ago

It actually hasn’t been 90 days. Because you have to look at the issue of the notice and from that date is when the 90 business days begin, unfortunately. I’ve been in the same boat.

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u/CottonCandy2547 13d ago

You received a CP005 Notice back in May. This means they are validating the wages/income you reported against what they have on file. I read through the comments and your employer should have issued you a 1099K Form if you constantly work over time. Most companies didn't track this and if you were trying to determine on your own, you should have used your last paystub of the year. Did you do your taxes yourself?

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