Irs reference number 1242.

Irs 1242 reference number. The wheres my refund site says my electronically filed return still need to be processed? I efiled my california state taxs on january 31, 2013. when i check the status of my refund it says my return is in process and to allow 12 weeks. the; Irs gov what does the reference number 1242 meanIrs 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 irsIRS 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?Jul 26, 2022 · IRS Reference Number 1242 – According to IRS Section 8 Master File Codes. 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 (Source: irs.gov) IRS uses code 1242 to confirm that your return was received electronically and is not lost. The IRS reference number 1242 is used when a tax return is received electronically and needs to be reviewed by the IRS. This code indicates that the return will be frozen until the review is complete. It can also mean that the return has been flagged for potential fraud or identity theft concerns.

June 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.Tax Topic 151 refers to the reduction or withholding of an individual’s tax refund to cover money the taxpayer allegedly owes the government. This might include: If the IRS takes your tax refund to satisfy one of these debts, it will send you a Tax Topic 151 letter to explain why. You typically are not required to respond to an IRS 151 letter ...Could not connect to mysql

Jun 12, 2023 · These four-digit numbers can indicate anything from fraud suspicion, like Reference Number 1242, to clerical errors, such as Code 9021. The IRS might also use tax topics to explain further its motives for taking a certain action.

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.May 29, 2023 · What Does Reference Number 1242 Mean to the IRS? The IRS code 1242 is used to demarcate the status of your tax refund and that your electronic tax return was received and has been selected for review. On top of that, it will be frozen until the entire review process has been completed. What Is the Difference Between Tax Topics 151 and 203? Material Changes. (1) IRM 21.4.1.1.6 Added verbiage to identify Refund Schedule Number (RSN). Change made for missing information. IPU 23U0220 issued 02-03-2023. (2) IRM 21.4.1.3.1 (2) Updated to clarify date of through which the PATH Act message will be provided on automated systems. Update made for IRM clarity.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 …

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In the world of business, having an Employer Identification Number (EIN) is essential. This unique nine-digit number is issued by the Internal Revenue Service (IRS) to identify bus...

1421 – Refund delayed bankruptcy on account; -V Freeze; more than 8 weeks IRM 21.5.6.4.35, -V Freeze. 1441 – Refund delayed, SSN, ITIN or Name mismatch with SSA/IRS; return posted to Invalid ...These four-digit numbers can indicate anything from fraud suspicion, like Reference Number 1242, to clerical errors, such as Code 9021. The IRS might also use tax topics to explain further its motives for taking a certain action. Filed on 2/15 — form 1040 with $5,272 refund claimed ($2,215 withholdings + $3,057 EITC) Received partial refund 3/24: $2,215 (i.e. withholdings portion of refund, missing EITC portion). 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.”. Learn about the most important types of sales objectives. And use these sales objective examples for reference when creating your own. Trusted by business builders worldwide, the H...What is reference number 1242 for the IRS? 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. Did some research and that means FREEZE received return more than 3 weeks ago and now need additional info which is proof of dependent EIC credit.Position limit refers to the ceiling placed on the number of contracts on a single security which may be held by an individual or cooperative group. Position limit refers to the ce...

There are several fax numbers for the Internal Revenue Service depending on whether the matter is business or personal and the geographic location where the taxpayer resides, expla...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 ...The IRS Reference Number 1242 will appear on the notice of appeal you receive from the IRS. Understanding what an IRS Reference Number 1242 is and knowing how to respond can help ensure that your taxes are paid in full and on time, allowing you to avoid costly penalties or interest charges.these-things-happen. •. Tax Topic 151 isn't a Transaction Code. That the TC766 is posted means the return has also posted (TC150), so now you're waiting for exam to decide whether or not to formally audit your return. If you don't receive a notice within 60 days, call IRS customer service and speak with a representative. Tax topic 151 reference number 1242 upvotes ... The IRS is experiencing significant and extended delays in processing - everything. Don't post questions related to ... Oct 31, 2023 · Definition of Reference 1242 IRS. Reference 1242 IRS is a provision within the Internal Revenue Code that falls under the category of tax incentives. More specifically, it is a tax reference that provides benefits to individuals or businesses that invest in designated areas known as empowerment zones or enterprise communities.

Get help with your taxes from experts and fellow taxpayers. Stay ahead of the curve with news and updates. Find answers to your questions quickly and easily.Reference 1242 means they are verifying identity due to suspected fraud. Respond to the notice fully and promptly. Provide complete documentation supporting …

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 information from you. I have windows that have ...1242 irs reference number. You are here: Home. Uncategorized. 1242 irs reference number ...The fix is simple – enter the proper Social Security number or TIN into the “Where’s My Refund?” portal. ... 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.Position limit refers to the ceiling placed on the number of contracts on a single security which may be held by an individual or cooperative group. Position limit refers to the ce...What is reference number 1242 for the IRS? 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. Did some research and that means FREEZE received return more than 3 weeks ago and now need additional info which is proof of dependent EIC credit.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 ...In this video what is Topic 152. What is Topic 151 and what is IRS reference code 1242. What is Topic code 203 reduced refund. IRS notices cp05 and cp05A exp...Oct 12, 2023 · The IRS reference number 1242 is used when a tax return is received electronically and needs to be reviewed by the IRS. This code indicates that the return will be frozen until the review is complete. It can also mean that the return has been flagged for potential fraud or identity theft concerns. 1061 - BFS part offset, direct deposit more than 1 week ago ( contact BFS at 1-800-304-3107) 1081 - IRS full or partial offset, paper check mailed more than 4 weeks ago. 1091 - IRS full or partial offset, direct deposit more than one week ago. 1101 - No data, taxpayer filed paper return more than 6 weeks ago.

The IRS reference number 1242 is used when a tax return is received electronically and needs to be reviewed by the IRS. This code indicates that the return …

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.

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 ...This message means your return is under review for an unknown reason. The IRS will be sending you a letter about this. Please see the IRS website for more information. Topic No. 151 Your Appeal Rights. **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer".Tax season is full of documents, numbers, and confusing jargon. It can get overwhelming fast, especially if your long-awaited tax return doesn’t show up. ... What do tax topic 151 and reference 1242 mean? Tax topic 151 means you have a tax refund offset. Reference 1242 means your refund is frozen and the IRS needs more information from …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.I got the delayed message the after. After waiting for months without receiving any letters my transcript finally updated and they gave me the code 810 which is when they hold/freeze your refund. When you check WMR app it gives some info. Saying that is under review and to call a number with an extension and to tell the IRS reference number 1242.• An notice that vou 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. Call: 1-800-829-0582, when asked for an extension, enter 362.Filed on 2/15 — form 1040 with $5,272 refund claimed ($2,215 withholdings + $3,057 EITC) Received partial refund 3/24: $2,215 (i.e. withholdings portion of refund, missing EITC portion). 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.”.This seems to be a new thing the IRS is doing all of a sudden. Normally the WMR reference number 1242 means your return is possibly going to be audited, but it's a very targeted audit. They ask for documentation to prove you …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 ...Irs topic 151 reference number 1242. Why, when i update a contact number on my iphone and delete their old number, all our old messages stay with that number and not the updated contact? Hi, were i can find the srn or service reference number in statement of account of my pldt my dsl? thanks? Reference number 1242 tax topic 151to irs

This message means your return is under review for an unknown reason. The IRS will be sending you a letter about this. Please see the IRS website for more information. Topic No. 151 Your Appeal Rights. **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer".When you receive the notice it should tell you exactly what the IRS is challenging and what documents you need to supply to show that what you claimed is accurate. 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 …If i recieved a tax topic 151 with a reference #1242 and i know where the mistake was made can i amend my return No. Wont matter if you amend it. 1 it takes longer on an amended return and 2 its already being reveiwed and amended by them anyway.Instagram:https://instagram. 5 gallon bucket of quarters worthlowe's home improvement brookhaven productsben shapiro and jennerfounders online app Posted by u/Beautiful-Ad378 - 4 votes and 18 comments kelley blue book boats used boat valuesspring break 2023 neisd Community Experts online right now. Ask for FREE. ... Ask Your Question Fast!What does IRS reference number 1242 mean?Q. What is reference number 1262 for the IRS?Q.... About Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons. Use this form to report the following. The tax withheld under chapter 3 on certain income of foreign persons, including nonresident aliens, foreign partnerships ... fox channel verizon 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 CP05 Notice from the IRS with instructions on how to confirm your information and unfreeze your tax return. Learn more about the reasons, steps, and tips to avoid this issue in the future.In this video what is Topic 152. What is Topic 151 and what is IRS reference code 1242. What is Topic code 203 reduced refund. IRS notices cp05 and cp05A exp...Intuit Alumni. Tax Topic 151 means your return is under review. This can be done for various credit claims such as Earned Income Credit or any of the education tax breaks (this is not all inclusive). Your best bet it to wait until the IRS contacts you via letter which can take up to 4 weeks or more to receive.