The CP21B is the good version of the CP21A. The IRS adjusted your account and the result is a refund. The adjustment may stem from an audit that went in your favor, an amended return you filed, an IRS error correction, a penalty abatement, or a credit that was added to your account.
Verify the Refund Amount
Compare the refund on the CP21B to what you expected. If you filed an amended return, the refund should match the additional refund claimed. If you requested penalty abatement, the refund should equal the penalty amount plus associated interest. If the IRS corrected an error on their end, verify the math.
When to Expect the Refund
The IRS typically issues the refund within 4 to 6 weeks of the CP21B date. If you have direct deposit on file, it will be deposited electronically. Otherwise, a check is mailed to your address on file. If you've moved, update your address to ensure the check reaches you.
Potential Offsets
Even though you're owed a refund, the IRS may offset it against balances due in other tax years before issuing the remainder. If you owe money for another period, expect the refund to be reduced or eliminated. You'll receive a CP49 or similar notice explaining the offset.
If the refund amount on the CP21B doesn't look right, call us at (813) 229-7100.