Reference code 1242 irs
In most instances, an IRS CP05 Notice is issued in which the IRS notifies the taxpayer in wri. should i be worried? Suggested Solutions (10)What's this? TimmonsTristin. The representative said that my return is currently in transit with the examination board and they will examine it to. IPU 22U1009 issued 10-07-2022 (11) IRM 21. You will not receive your refund until the matter is cleared up. 4. What is reference 1242 mean? What does it mean when it says to use reference number 1242 when u call. camel mine palm springs; recent arrests in rockingham county, va; different basic skills in badminton and describe each skill; how to calibrate a meat thermometer that starts at 120I have been seeing a lot of worrying comments from readers around fiscal transaction plus topic key they are seeing on the IRISH What exists My Refund website, the IRS2Go mobile app or on their (free) TAX transcript. Reply. You can check the status of your 2022 income tax refund 24 hours after e-filing. 4. 6 (5) - Updated Note with correct IRM reference. Ask Your Question Fast!. You will need to create an IRS Online Account before using this option. Solution: Contact the IRS if the Responsible Party is not. to 7 p. 4. Track my refund states topic 151 1242 code what's this mean turbo tax has yet to notify me off this? The proof that was needed included; school records, medical. Take Action!!! 151 Tax subject Ref 1242 Filed I have been waiting since 2/12, I checked WMR on 04/09 there was the message, We have received your refund and it is being reviewed. ) Doc One. Copy. ago. Hello, i was wondering what type of information is needed when the irs send notice and ask to mention a 1242 reference code? Was this answer helpful? Yes | No. Article Summary:The IRS organizes certain especially important or frequently needed taxpayer information into a list of tax topics. In this video what is Topic 152. "Everything was delivered in a timely manner, very nice professional products and pamphlets, with checks and cards. Ask Your Question Fast!. That doesn't mean there is something wrong with your return, it could simply be that the IRS has an overflow of returns at this time and is behind schedule on issues refunds. gov. This is due to the reason that there is something wrong or missing with the filed IRS tax return that should be verify and clarify to continue and proceed with the processing with the said Tax Return. You won't be getting your money anytime soon and nobody at the IRS can tell you when or why?. only to come back and say wait for a letter 30 days from 04/08. . Ask for FREE. Comments sorted by Best Top New Controversial Q&A Add a Comment . You will get a letter from the IRS. Related Posts . Community Experts online right now. 25m constantly placed on hole to check my issue . Wait for the letter to arrive. We changed your return. Community Experts online right now. The code or tax topic indeed indicates that you should take action, but that should not be a bother. This typically occurs when they are waiting for additional information from you. long story short we are fucked , it means we are under review, last two years in a row i had to submit so much info from school bus stop info to doctor records, receipts etc proving my child is. Anyone else received this update? Usually means an offset usually either child support or back taxes. You can also contact TaxResources Tax Audit Defense Customer Service Department at 877-829-9695 or. I reached out to my Congressman on March 28th when I saw that there was no movement. What is reference number 1242 mean with the IRS?. m. With the IRS, the reference number 1242 means that the IRS put a freeze on your account. Your best bet is to wait until you receive a letter from the IRS, which can take up to or more than 4 weeks for you to. " The IRS stressed that this does not mean that taxpayers are being automatically audited (as was the. If your income is received unevenly during the year, you may be able to avoid or lower the penalty by annualizing your income and making unequal payments. Refund is frozen as they need additional information. IDRS Command Code Job Aid. §1252, Farmland Gain from the disposition of farm land held for less than 10 years is subject to recapture as ordinary income (IRC § 1252 ; Reg.