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. Pay your taxes. IRS Code 1121 What Does It Mean The Internal Revenue Service reference code 1121 means that your tax return is being reviewed. What does reference number 1242 mean at the IRS? Electronic return received 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. Wiki User. This typically occurs when they are waiting for additional information from you. See answer (1) Best Answer. The IRS may also include a more detailed explanation of why they are claiming you owe money. You can check the status of your 2022 income tax refund 24 hours after e-filing. You might receive an IRS Topic 151 notice if any of these conditions apply to you: You have unpaid taxes;. 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. 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. 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. IRS Reference Number 1242 is a code that the IRS assigns to certain documents or transactions related to tax matters. - 7:00 p. Please be aware that there are reported 40 minute. In most instances, an IRS CP05 Notice is issued in which the IRS notifies the taxpayer in wri. Community Experts online right now. 01 Most Liked. So while this does create a sense of panic, don’t get overly stressed as the IRS routinely reviews tax returns for errors and potential fraud. This typically. e. 3. Marketing Assistance. How much money do they take out after reference number 1242? - Tax topic 151 reference number 1242. email Return to Login. DatabaseRelative387 • 5 mo. - 7:00 p. Ask Your Question Fast!What is the IRS reference number 1081? Wiki User. Ask for FREE. 22 May May 22, 2023. by | Dec 16, 2020 | miami to dominican republic by boat time | peanut butter balls with rice krispies and marshmallow fluff | Dec 16, 2020 | miami to dominican republic by boat time | peanut butter balls with rice krispies and marshmallow fluff1262 – Electronic return received more than 3 weeks ago; -Q Freeze; in review, notice for additional information will be received. Want this question answered? Be notified when an answer is posted. Ask for FREE. 6. m. 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 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. we then received some credit not all. Hi. how to charge citrine; black owned spas in raleigh, ncI has been seeing a lot of worrying comments from books around tax transaction and select codes they are seeing on the IRS Location lives My Refund web, the IRS2Go mobile app or on their (free) IRS trial. What is tax refund reference number 9001? My refund is on hold because of reference number 9001?IRS Reference Number 1242 is the code the IRS uses to notify you that your return has been selected for review. Step 3: Enter ‘start date’ at the first empty box of this page, just below the text enter ‘End date’ and click ‘view’ to find transactions with reference number. Level 10 (Genius) 2323 Answers, 5 Friends, 156 Followers. Ask Your Question Fast!Contact Us. This typically occurs when they are waiting for additional. m. IRS Notice 1445 – What You Need to Know IRS Notice 1445 is a letter to taxpayers describing how anyone can obtain […] Published July 26, 2022 IRS Reference Number 1242 – IRS CP05 & CP05A Notices Tax Topic 152 means you're getting a tax refund. 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. 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. To find out what the reference number of 1242 for topic 151, you will need to contact the Internal Revenue Service. IRS notices cp05 and cp05A exp. Daily Versus Weekly Processing; Understanding Your IRS Letter; Obamacare Form 1095A available online; New Affordable Care Act IRS Tax Forms; What is Topic 151; What is IRS Tax Topic 152; Tax Topic 159 How to Get a Copy of Prior Years W-2; Form 1040; IRS. ago. Community Experts online right now. The IRS agent is directed to 'conduct account. The code 1242 indicates that the IRS will be asking for proof of the dependent. upon accessing the irs. What does IRS tax code 826 mean? IRS tax code 826 means that IRS tax refund will be offset to another year. Ask Your Question Fast!146. Community Experts online right now. 25m constantly placed on hole to check my issue . 4. What is reference 1242 mean? What does it mean when it says to use reference number 1242 when u call. Add an answer. Add an answer. If taxpayer filed a Form W-7, Application for IRS Individual Taxpayer Identification Number, with their return, see IRM 3. behalf. 1242 Irs reference 1242 Irs 1242 what does that mean . 3. to 7 p. Which means your refund is on hold and you will get an IRS letter for more information. I'm sorry you were not happy with my response. Ask for FREE. gov website. I filed my taxes at the end of jan 2013, and got a notice on the irs website with tax topic 151 review of my eic claimed, it said being reviewed and called irs once i get a letterGo to IRS r/IRS • by Spiritual_Opinion_35. Step 3: Now from list of different option, click on ‘status enquiry’. Why is my refund being reviewed, i filed head of household and claimed one child. m. Reference number 1541 from the irs. IRS Reference Number 1242 – IRS CP05 & CP05A Notices IRS reference number 1242 indicates a discrepancy and the account is frozen […] Leave a comment Cancel reply. Copy. 1102 - No data, taxpayer filed electronic return more than 3 weeks ago. Want this question answered? Be notified when an answer is posted. Did you receive a CP05 Notice? Don't panic. Call 800-624-9066 for assistance. 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. If you didn’t receive a letter. IRS Reference Code 1242 ⋆ Where's my Refund? - Tax News & Information Do you have IRS Reference Code 1242 when you check your refund status? Find out. What is reference number 1242 mean with the IRS? Updated: 3/28/2021 Wiki User ∙ 9y ago Study now See answer (1) Best Answer Copy With the IRS, the. Unemployment Benefits and Taxes. We would like to show you a description here but the site won’t allow us. What is reference number 1242 mean with the IRS? With the IRS, the reference number 1242 means that. Is Topic 152 a bad thing? No. If you can’t find what you need online, call the IRS number at the top of your notice or letter. 0 383 Reply. Try calling early in the morning as suggested above and not on a Monday or Tuesday. Once of the more worrying or concerning IRS transactions are potential audit codes related to Tax Codes 424 (TC 424) and 420 (TC 420). 3. 1. You will get a letter from the IRS. 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 irsIRS Reference Code 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received IRM 21. TurboTax Live en español. ∙ 10y ago. Capital gains tax rate. What does reference number 1242 mean from the IRS? 1242 - Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. 1-2021) Form . the number you dialed has been changed, di; Irs reference code 1242 Reference Code Number 1121 and 1242 – Return Under review. TurboTax security and fraud protection. Please mention reference number 1242 to the IRS Customer Service Representative. 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. ago. Www irs gov what does 1242 mean . Add an answer. 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. Add an answer. Ask for FREE. Request for Taxpayer Identification Number (TIN) and Certification Form 4506-T; Request for Transcript of Tax Return Form W-4; Employee's Withholding Certificate Form 941. 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. IRS Reference Number 1242 is an internal code used by the IRS to track inquiries and issues related to taxpayers’ accounts. 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. EIN Reference Number 109 (technical): Reference number 109 means that there are technical issues with the EIN Online Application. Ask for FREE. 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. is there any chance to get reference number?Topic 152 is a generic reference code that some taxpayers may see when accessing the IRS refund status tool. Reference number 1241 irs. . This typically occurs when they are waiting for additional. The portion of the refund you received would be the part that does not come from either EIC or the Additional Child Tax Credit. 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. Does anyone know what theses codes mean and how long before we get our refunds. 16, written by Peter Selinger 2001-2019To fix an EIN reference number 101, you need to file Form SS-4 by fax or mail, as the IRS will need to review your EIN application manually. This typically occurs when they are waiting for additional. m. IRS Reference Number 1242 - According to IRS Section 8 Master File Codes. That's it! The IRS has given guidelines this year that 90% of tax filers should receive their refund within 21 days of filing. Tax topic 151 reference number 1242. 1. Community Experts online right now. The IRS works weekends during tax season, so it's 21 days, not "business days". What is Tax Topic 201 the collection process? Tax Topic 201 means that you owe tax to the IRS. What does IRS reference number 1301 mean? Wiki User. 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. It is currently taking the IRS about 4 weeks to process most returns. 5. IRS notices cp05 and cp05A exp. 1. This IRS notice will also generally say the IRS needs an additional 60 days to review your return and/or process your refund. Reference number 101 means the IRS has found a business entity name that is too similar to the name of your LLC. Dial 7 wait a second, then 1 wait a few more seconds and then 1. Ask for FREE. See answer (1) Best Answer. I was told the code just stands for delay, no specific reason. What does the IRS reference number 1242 mean? With the IRS, the reference number 1242 means that the IRS put a freeze on your account. Article Summary:The IRS organizes certain especially important or frequently needed taxpayer information into a list of tax topics. Create or sign in to your Audit Defense account to get started. 5. m. to 7 p. We have a question about your tax return. Yea it's Basotho same thing. 4. This typically occurs when they are waiting for additional information from you. Ask Your Question Fast! Categories. Community Experts online right now. irs reference number 1242. Hello. ∙ 2013-02-04 04:17:21. Code 1242 is a reference number used by the IRS to identify specific tax-related actions or notifications. In many cases, no action is required on your part and you'll be issued your refund in the usual way. Reference Number 1242 is a commonly encountered term when dealing with the Internal Revenue Service (IRS). The transcript will show the offset type and to which tax period your refund was applied. 1, Return Not Found. Has anyone 120 days been up yet with tax topic 151 reference 1242 yet? I’m trying to see has anyone received they refund with the covid credits? Trying to get this situated felt like I tried every solution possible. 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. Refund status question in reference #9001? Irs reference number. (10) IRM 21. 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. damon stoudamire wife photos. IRS Reference Number 1242 – IRS CP05 & CP05A Notices. 0 coins. The time taken to resolve these issues can vary based on complexity and workload.