Irs reference number 1242.

IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. Your return will remain frozen in the IRS's system until the review process is complete. What does tax topic 152 refund information mean?And before we get rolling, I encourage you to search over the last month or so on r/IRS for "tax topic 151 and code 1242" posts, because there's a bunch of them. Any update same situation here. That’s the exact same day i did mine too, tbh I’m tryin to c if anybody gotten thier return after having 151 code.Tax Topic 151, Reference # 1242. Tax Refund/ E-File Status Question. Hello. When I go to check my return, tax topic 151 and a reference number shows up, (#1242). I filed my return in July, I got in touch with the IRS to check on my return and verified my identity in August.About a week later I got tax topic 151 with reference code 1242 This same week I got two 766 codes roughly $15,000 for both and one 768 code for around $900 About two weeks later I got a 971 code and my balance on irs.gov updated saying that I owe $1500 from 2013 so I am assuming that I will be getting an offset for the debt owedIRS reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third parties. In most instances, an IRS CP05 Notice is issued in which the IRS notifies the taxpayer in writing that their return is on hold and under review.

The IRS sends notices and letters for the following reasons: You have a balance due. You are due a larger or smaller refund. We have a question about your tax …Before we talk about IRS reference number 9001, you have to understand what reject codes are. If you’re like many taxpayers, you’ve submitted your taxes and are eagerly checking Where’s My Refund for your refund status. If you’re not checking Where’s My Refund, it’s a popular IRS tool that tracks your federal refund through three ...Jun 11, 2019 · 1 Best answer. DianeW. Expert Alumni. 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. Should receive a letter from the IRS within 30 days requesting what additional info they need. Example: AB got code 1242. This means FREEZE received return more than 3 weeks ...

The IRS is seriously behind in processing 2020 tax returns. This is due to many factors, such as the pandemic, completing processing of millions of 2019 tax returns, stimulus payments, unemployment compensation exclusion tax refunds., changes in the tax code by Congress in the middle of the 2020 tax season and the like.

The most common reason for the IRS to review a tax return is something called the Discriminant Function System (or DIF) score. The IRS uses a computerized scoring model that evaluates your return and gives it a score based on the likelihood that it will need to be changed. To determine this score, the model compares your return to …What is reference number 1242 mean with the IRS? With the IRS, the reference number 1242 means that the IRS put a freeze on your account. This typically occurs when they are waiting for additional ...Level 2. Well they say 120 days from the day of 810, I’m still waiting myself. Some say after a 120 days we might get the 811 code which means unfreeze, some also say they may wait until 120 is up to issue letter. October 27, 2022 5:47 AM.Irs refund reference number 1571. What does reference code 9001 on tax refund status mean? My irs tax refund status - take action and reference code 1441? 1571 reference. What does reference code 9001 it mean for 2011 refund status? What does irs reference code 1541 mean when checking refund status? Reference number 1571 irs

To find out what the reference number of 1242 for topic 151, you will need to contact the Internal Revenue Service. You will get a letter in the mail explaining what all this is, but if your don`t want to wait for the letter you can give the IRS a call.

What does IRS reference number 1121 mean? The reference number means that your tax is being reviewed. there is a system that automatically flags out when something is out of the ordinary, and the return will be queued for review by a human. This can or cannot result in more investigation by the IRS.

Please mention reference number 1001 to the IRS Customer Service Representative. IRS Hours of Service: Monday through Friday, from 7 a.m. to 7 p.m. Call: 1-800-829-0582, when asked for an extension, enter 382. From outside the US call 267-941-1000. TTY/TDD: 1-800-829-4059. I called the number but they are currently "unable to …Sep 8, 2023 · Understanding the Two IRS Letters. The first Tax Topic 151 letter you will receive is simply a courtesy notification. The IRS is letting you know that it is reviewing your tax return and that your refund might be affected due to outstanding debts that you owe. In around four weeks, you should receive a follow-up letter from the IRS. The IRS reference number 1242 indicates that your tax return was flagged for review because it raised fraud or identity theft concerns. You will receive a C…That tax topic code 151 means your refund will be offset if you owe any money to them, so if you owe them they will take it out your refund and readjust your refund amount . If you owe them more than what your getting back, they take your whole refund. So basically you gotta wait until there done adjusting it to get your refund.Reference Code Number 1121 and 1242 – Return Under review. Tax Topic (and Publication) 971 vs. Code 971 on your Transcript. Using Transcript codes and IRS cycle code to figure our what’s going on with your refund. WMR and IRS2GO refund status error codes. What are these IRS transcript codes and tax topics?

What is reference number 1242 mean with the IRS? With the IRS, the reference number 1242 means that the IRS put a freeze on your account. This typically occurs when they are waiting for additional ...Video Content and Live Direction for Large Events. construction accident in florida today; automotive space for rent raleigh, ncIRS Tax Topic 151 and Reference Number 1242 hold significant implications for taxpayers, influencing their interactions with the Internal Revenue Service (IRS) and shaping their understanding of tax-related matters. These references play distinct yet interconnected roles in the realm of tax obligations and rights, impacting taxpayers in …Before we talk about IRS reference number 9001, you have to understand what reject codes are. If you’re like many taxpayers, you’ve submitted your taxes and are eagerly checking Where’s My Refund for your refund status. If you’re not checking Where’s My Refund, it’s a popular IRS tool that tracks your federal refund through three ...1102 No data, taxpayer filed electronic return more than 3 weeks ago See IRM 21.4.1.3.1.1, Return Not FoundWhat does IRS reference number 1121 mean? The reference number means that your return is being reviewed. there is a system that automatically flags returns when something is out of the ordinary, and the return will be queued for review by a human. This can or cannot result in more investigation by the IRS. ‎July 18, 2022 5:06 PM.Apr 6, 2022 · This inquiry could simply be a random check of whether you are qualified to claim the EIC, or they are checking credits that were claimed, or checking about the stimulus payments, but until the IRS sends you a letter or the status changes on the IRS website, Where's My Refund, all you can do is wait.

Reference 1242 IRS is a provision that provides tax benefits to individuals or businesses that invest in designated areas facing economic …

IRS form LTR 147C shows the registered legal name, “doing business as” name, address and Employer ID Number of a business entity. These forms are often used for verification of EIN...I have a tax topic 151 on my wmr and it says when i call the irs to give refrence number 1242, my question is what does the 1242 mean? is it a certain; What does tax topic 151 reference #1242 mean? Topic 151 reference 1242. Possitive attitude jam topic i want know about this topic,?Sep 23, 2023 · Updated: 9/23/2023. Wiki User. ∙ 9y ago. Best Answer. With the IRS, the reference number 1242 means that the IRS put a freeze on your account. This typically occurs when they are waiting for ... Oct 27, 2022 · Level 2. Well they say 120 days from the day of 810, I’m still waiting myself. Some say after a 120 days we might get the 811 code which means unfreeze, some also say they may wait until 120 is up to issue letter. October 27, 2022 5:47 AM. 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. Should receive a letter from the IRS within 30 days requesting what additional info they need. Personal experience: I got DDD of 23rd but roommate code 1242.6 weeks or more since you mailed your return, or when. “Where’s My Refund” tells you to contact the IRS. The toll-free phone number for inquiries about refund status is 1-800-829-1954. You can check on your refund in either English or Spanish. You can also call 1-800-829-4477 to reach the IRS TeleTax System and check the status of your ...What do reference number 1242 mean on a tax refund status? Reference 1242 irs. On refund status is tax topic 152 with a reference number 9001? My state refund was saying received but processing hasn`t been completed. now it`s saying waiting for approval when i call the 888 number but on we... Irs reference 1242June 5, 2019 2:58 PM. Ref# 1242 generally refers to either people who have claimed Earned Income Credit or the Additional Child Tax Credit. Those people have had their returns held and their returns are under review. The portion of the refund you received would be the part that does not come from either EIC or the Additional Child Tax Credit.Community Experts online right now. Ask for FREE. ... Ask Your Question Fast!Reference number 1242 simply refers to the dependency exemption. Wait for further notices from the IRS , if there`s any. If everything went well and all proofs sent, you should have your refund within 21 days.

What does IRS reference number 1121 mean? The reference number means that your return is being reviewed. there is a system that automatically flags returns when something is out of the ordinary, and the return will be queued for review by a human. This can or cannot result in more investigation by the IRS. ‎July 18, 2022 5:06 PM.

You won't be getting your money anytime soon and nobody at the IRS can tell you when or why? ... What does IRS reference number 1301 mean? Updated: 9/15/2023. Wiki User. ∙ 14y ago. Study now ...

IRS announces 2023 mileage reimbursement rate. For 2023 the IRS mileage reimbursement rates for businesses, individuals, and other organizations is as follows: The release of the 2...The most common reason for the IRS to review a tax return is something called the Discriminant Function System (or DIF) score. The IRS uses a computerized scoring model that evaluates your return and gives it a score based on the likelihood that it will need to be changed. To determine this score, the model compares your return to similar ...Understanding the Two IRS Letters. The first Tax Topic 151 letter you will receive is simply a courtesy notification. The IRS is letting you know that it is reviewing your tax return and that your refund might be affected due to outstanding debts that you owe. In around four weeks, you should receive a follow-up letter from the IRS.Usarec form 1242 [PDF] use this form if you have authorised another person to submit an online application for a resident visa on your behalf including if you are a child aged over 18 resident visa declaration form inz 1242 pdf 358kb irs reference number 1242 is a code the irs uses to notify you that your return has beenReference tools. Publication 1, Your Rights as a Taxpayer; Publication 17, Your Federal Income Tax; Full list of tax forms and instructions ... behalf. See if you qualify for help from a Low Income Taxpayer Clinic. If you can’t find what you need online, call the IRS number at the top of your notice or letter. If you didn’t receive a letter ...IRS reference number 9021. If they said they're going to mail it on the 8th it's only the 14th so it could still be in transit I don't know if you're waiting for the rebate recovery or just your straight up tax return are the tax return to take a minute because they're so backlogged ‎March 13, 2021 1:57 PM.IRS Reference Code 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received IRM 21.5.6.4.8, -E Freeze What does IRS Reference Code 1242 mean?WMR tool says I need to “TAKE ACTION,” with a link to Tax Topic 151 info, and IRS phone number and saying to mention “reference number 1242.” Transcript shows a credit on my account for the exact amount of the EITC. (Transcript also shows a tax return filing date of 04-05-2021, as well as a refund freeze, removed refund freeze, and ...Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or …Here is the correct answer for IRS reference numbers. IRM 1001 Refund paper check mailed more than 4 weeks ago See IRM 21.4.1.3.4, Refund Issued But, Lost, Stolen, Destroyed or Not Received 1101 ...The Social Security Number, Filing Status, and refund amount claimed on your return. Any notice that you have received concerning your refund. Please mention reference number 1242 **to the IRS Customer Service Representative.IRS Hours of Service:**Monday through Friday, from 7 a.m. to 7 p.m.

What Does Tax Topic 151 and Reference 1242 Mean? If you see these numbers on the IRS's website, it means that the IRS has selected your tax return for a …What does IRS reference number 1121 mean? The reference number means that your tax is being reviewed. there is a system that automatically flags out when something is out of the ordinary, and the return will be queued for review by a human. This can or cannot result in more investigation by the IRS.Irs refrence number 1242. How can i trace the location for a smart padala number having the phone number and the reference number? Hello, i was wondering what type of information is needed when the irs send notice and ask to mention a 1242 reference code? Irs 1242. How many days is the money gram reference number valid?Instagram:https://instagram. 16888 baseline ave fontana ca 923365755 cottle road san josebig pete outlawsintermatic st01 instructions Take Action!! 151 Tax topic Ref 1242. Tax Question. Filed 2/12 been waiting since, on 04/09 checked WMR had message, We have received your refund and is being reviewed. called Irs today on the phone 1hr.25m constantly placed on hole to check my issue . only to come back and say wait for a letter 30 days from 04/08. anyone in this situation and ... pine bluff power outageford field taylor swift seating IRS Reference Number 1242 – IRS CP05 & CP05A Notices. IRS Reference Number 1242 – IRS CP05 & CP05A Notices IRS reference number 1242 indicates a discrepancy and the account is frozen […] Published July 14, 2022. Pool Taxes – Does an Inground Pool Increase Property Taxes? chamberlain university reddit Irs reference number 1242 when will i get my money. My birth place is baroda,my birth certificate is in gujarati.i want to get it in english.from where i will get it? How much will i get back on my taxes? been deployed for a year minuse 3 weeks. e-4. married. spouse has no income. no dependants. 3 weeks of taxes? About a week later I got tax topic 151 with reference code 1242 This same week I got two 766 codes roughly $15,000 for both and one 768 code for around $900 About two weeks later I got a 971 code and my balance on irs.gov updated saying that I owe $1500 from 2013 so I am assuming that I will be getting an offset for the debt owed