Irs reference number 1242.

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...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 ... 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 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?

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.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.

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 ...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 ...

Posted by u/Beautiful-Ad378 - 4 votes and 18 commentsIn today’s digital age, scammers are constantly finding new ways to deceive innocent individuals for their personal gain. One of the most common phone scams involves scammers posin...AnnaB. New Member. 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 or more than 4 weeks for you to receive it.In the United States, the Internal Revenue Service (IRS) processes over 150 million individual and business tax returns every year. Each of the successfully processed returns has o...Dec 12, 2022 · 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...

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Mar 26, 2024 · Often paired with Tax Topic 151, reference code 1242 means that the IRS has selected your return for further review. This code applies to returns that have been e-filed at least three weeks ago. The code indicates that the IRS has frozen your return for review, and the agency will send you a notice later. In some cases, you may see code 1262 ... "The IRS advises taxpayers who received the 1121 reference number on Where’s My Refund to continue checking for a refund date. Most tax returns are processed quickly, but as part of the IRS effort to prevent improper payments some tax …Nov 2, 2023 · Reference 1242 means they are verifying identity due to suspected fraud. Respond to the notice fully and promptly. Provide complete documentation supporting your return within the timeframe given. 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.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.

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 ...Reference number 1242 indicates that the IRS suspects a tax fraud or identity theft and will send you a CP05 notice. Learn what to do if you see this code on your WMR account and how to appeal the IRS decision if needed. 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 ... The Internal Revenue Service (IRS) makes the forms you need to have when filing your taxes available over the internet. The IRS website is set up so you can do a search by keyword ...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.We would like to show you a description here but the site won’t allow us.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.

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.

Mar 23, 2023 · 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. The IRS reference number 110 mean that you had already initially applied and you received an EIN or TAX ID number. ...Nov 2, 2023 · Reference 1242 means they are verifying identity due to suspected fraud. Respond to the notice fully and promptly. Provide complete documentation supporting your return within the timeframe given. If you see IRS code 1242 and Tax Topic 151 when checking your refund status, it means your return is frozen and under review. The IRS may take up to 120 days to complete the review and contact you via …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...1242 Reference code IRS upvotes ... Piece number 6183784 for set number 75313 2. upvotes ...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 ...1242 Reference code IRS upvotes ... Piece number 6183784 for set number 75313 2. upvotes ... 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 ...

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...

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 …

Whether you’re applying for a new apartment, starting at a new job or opening a bank account, you usually need to provide your IRS tax identification number. But what exactly is th...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.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 …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. Reference 1242 IRS is a provision that provides tax benefits to individuals or businesses that invest in designated areas facing economic challenges. Learn about the definition, purpose, eligibility criteria, benefits, drawbacks, and application process of this tax reference. 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 ... 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 ... What does this mean in plain language? IRS uses code 1242 to indicate that your return was received electrocially, has been selected for review and will be frozen …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.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...

this weekend my status on wmr changed to take action 151 with reference code 1242 . upon accessing the irs.gov website the dialogue box showing my status had completely disappeared and there are no notices or letters in my inbox. i can view my tax transcript and account transcript. when reviewing the account transcrips it shows i have a freeze ...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 ...IRS Topic 151, which stands for “Offset of Your Refund,” refers to the offset or reduction of your federal tax refund based on the money you owe to a federal agency. …Instagram:https://instagram. walgreens gout treatmentcandyland tobu roblox idmarshalls winstondte power out report The IRS has a big list of free e-filing sources for taxpayers with an adjusted gross income of $50,000 or less. The IRS has a big list of free e-filing sources for taxpayers with a... globe crossword puzzle cluebubble guppies bubble puppy's fin tastic fairy tale part 2 The code number 1242 means there has beed a shorter delay. While code 1201 means there is a huge delay Source : ... name shown on your tax return does not match our records or those of the Social Security Administration Please mention reference number 1441 to the IRS Customer Service Representative.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 … little debbie creme pies discontinued 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.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...We would like to show you a description here but the site won’t allow us.