Irs reference number 1242.

Nov 17, 2022 · IRS reference number 1242 is the code used by the IRS to notify you that your return has been selected for review. Your return will remain frozen in the IRS system until the review process is complete. The selection process for Code 1242 reviews is supposed to be random. Receiving notice that your tax return is on hold does not necessarily mean ... 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."Unless the rich countries intend to build walls to stop economic refugees coming as we see right now, they must take action." In line with its xenophobic policies, the Trump admin...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.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...

Reference 1242 means they are verifying identity due to suspected fraud. Respond to the notice fully and promptly. Provide complete documentation supporting …IRS Tax Refund Reference Codes. 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 – No data, taxpayer filed paper return more than 6 weeks ago See IRM 21.4.1.3.1.1, Return Not Found. 1102 – No data, taxpayer filed electronic return more than 3 weeks ...IRS Reference Number 1242 means your tax return is under review for fraud or identity theft. Learn what to do if you get a CP05 Notice, how to verify your information, and how to prevent future flagging.

What does IRS 1646 mean? Updated: 9/14/2023. Wiki User. ∙ 15y ago. Study now. See answer (1) Best Answer. Copy. Means that you owe pass due tax's and the money to be sent will be applied to past ...Tax topic 151 reference number 1242 . ... The odds of an IRS tax audit are under 1% if you make between $1 and $500,000: r/tax ...

"Unless the rich countries intend to build walls to stop economic refugees coming as we see right now, they must take action." In line with its xenophobic policies, the Trump admin...Irs reference code 1242 mean . Community Experts online right now. Ask for FREE. Ask Your Question Fast! ...Reference Item Number 1121 the 1242 – Return Under review. Reference Numerical 1121, referenced the your account loading or WMR/IRS2Go app, generally means that your tax return exists under further examine by the TAXES. Your account and any rebate related processing will has been frozen (transcript code 810) until further review.Reference number 1241 irs. My income tax return is being reviewed and reference number is 1242, does anyone know what this means? I filed my tax return jan 22 it was accepted on jan 24 2013,but now when i check ny status it is still saying processing ,so when do you get answer? Reference number 1241. I have reference code 1242 on my …

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.

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.

Posted by u/Beautiful-Ad378 - 4 votes and 18 comments1242 Reference code IRS upvotes ... Piece number 6183784 for set number 75313 2. upvotes ...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. 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 ...What Is IRS Reference Code1242? 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. IRS Reference Code 1242 is a code the IRS uses to notify the taxpayer that the tax return has been frozen and selected for further review.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 are … 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.”.

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 ...In today’s fast-paced business environment, staying ahead of the competition requires a deep understanding of your industry and the ability to identify hidden opportunities. One su...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 ...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.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 ...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 ...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 ...

At some point, depending on IRS workloads, an IRS agent will complete their review. In many cases, no action is required on your part and you'll be issued your refund in the usual way. Sometimes, however, the IRS will write to you asking for more information about your tax return.

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.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.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.1242 irs reference number. Post author By ; Post date steve reevis wife; carrie morrow death ... 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 ... 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.May 31, 2023 · IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. It is crucial to carefully review the accompanying notice or letter to understand the nature of the concern and take appropriate action. Filing online can help you to avoid mistakes and to find credits and deductions for ...If you own or manage a Yale forklift, understanding the serial number is essential when it comes to finding the right parts. The serial number of your forklift is like its unique i...3:30 am to 6:00 am. and 9:00 pm to Midnight. Also, occasionally the IRS system may be unavailable on Sundays between 1:00 am and 7:00 am Eastern Time. IRS Reference Code 1242. In most instances, when you check the status of your return on the “Where’s My Refund?” portal, you will receive a message stating that your return is being ...A Quick Look at a CP05 Notice. A CP05 notice is a letter the IRS sends to taxpayers if the IMF system or an IRS agent flags a tax return for an additional review. Reference number 1242 will appear on your Where’s My Refund account to inform you that the processing of your return is on hold and that you’ll receive a CP05 notice via mail.

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 …

Feb 16, 2024 · 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.

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 meanTax 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 ...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.1800n 829 0582 ext 312 800 829 0582 ext 312 Irs 312 i Irs 800 829 0582 ext 312 . Community Experts online right now. Ask for FREE. Ask Your Question Fast! ...Tax Topic 152 means you're getting a tax refund. That's it! The IRS has given guidelines this year that 90% of tax filers should receive their refund within 21 days of filing. The IRS works weekends during tax season, so it's 21 days, not "business days". However, if you mail your tax return, your 21 days of processing starts when the IRS gets ...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 ...lilmispunk69. Level 1. I got the same thing exactly. Ive read around and the 151 means its being reviewed still and that you may owe something weather it be a student loan a traffic ticket etc.... The 1242 means they are going to need something from you like proof of a birth certificate on a dependent or foster care papers etc...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 FreezePosted by u/Beautiful-Ad378 - 4 votes and 18 comments

IRS 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 …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.Dec 16, 2023 · 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 ... Instagram:https://instagram. former kwwl meteorologistshienaman mary elizabeth mdcash4life payout calculatorramsey promo code 2023 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. wolf pak backpackwest haven bulk trash 2023 What Is 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.What is reference 1242 mean? Tax Refund/ E-File Status Question. What does it mean when it says to use reference number 1242 when u call. Iv called over and over and no … wells fargo des moines seating chart 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.”. Mar 16, 2021 · What does the irs code 1242 mean. Accountant's ... When I check WMR i see topic 151 and reference 1242 the 810 was applied 2/10/24 but I have n ot recieved a ... What Is IRS Reference Code1242? 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. IRS Reference Code 1242 is a code the IRS uses to notify the taxpayer that the tax return has been frozen and selected for …