Call the IRS at this number: 800-829-0582 (IRS phone support) Press 1 for English, then enter extension 652. January 5, 2022. Ask for FREE. Wmr what is reference code 1242 from irs mean? 21% - The reference number im talking about is the reference number of the money that my fiance sent to me,because tha. However, if you mail your tax return, your 21 days of processing starts when the IRS gets. This typically occurs when they are waiting for additional. ∙ 2015-06-05 00:45:24. There are a few ways to contact the IRS: By phone at 800-829-1040; Online at irs. Please mention reference number 1242 to the IRS Customer Service Representative. Code 1242 simply means that your return was e-filed 3 weeks ago and your refund is frozen while the IRS asks for more information such as a birth certificate for a. What Does 1242 Mean IRS: Understanding the Significance. The reference number im talking about is the reference number of the money that my fiance sent to me,because tha bank ask me for that ,reference nu. Wiki User. What is Topic code 203 reduced refund. 2, Return/Refund Located. See answer (1) Best Answer. What does tax topic 151 mean? Reference 1242? I have no dependents and claimed sick and family leave August 13, 2022 9:03 AM. 1, Return Not FoundThe phone number for tax questions is 1-800-829-1040 . Want this question answered? Be notified when an answer is posted. There is a delay due to an offset usually money owed for something. 📣 Request Answer. ∙ 2011-09-16 18:31:03. Takedown request | View complete answer on. It. Copy. I call (previous to using this service, still waiting on my call) and everytime they hang up saying its an invalid code to put. I have this same info showing (tax topic 151, reference 1242), and received a partial deposit of my refund. moonweasel • 2 yr. Post author By ; Post date morrisons notice period; rich scangarello salary. Section 1341 allows taxpayers to take a deduction to reflect a change in income from a. called Irs today on the phone 1hr. Saying that is under review and to call a number with an extension and to tell the IRS reference number 1242. Any notice that you have received concerning your refund. 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. While code 1201 means there is a huge delay Source :. The IRS reference number means that they are source codes when people get certain errors after filing tax returns. IRS notices cp05 and cp05A exp. m. Study now. Status Description: Paper return taxpayer filed. ? 10% - I lost my reference number but i have the card number . 2. 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. Do your own personal taxes Do personal taxes with expert help Do business taxes with expert help Do taxes with a CD/download. to 7 p. This typically occurs when they are waiting for additional. 📣 Request Answer. A copy of your tax return. This reference number is often accompanied by an. You typically are not required to respond to an IRS 151 letter. IRS reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third parties. United States (English) United States (Spanish) Canada (French) TurboTax online guarantees. Please be aware that there are. 4. 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. Single but my preparer but head of house hold this - Answered by a verified Tax Professional. Step 3: Now from list of different option, click on ‘status enquiry’. We’ve drafted a sample response letter you can use for reference. March 4, 2023; total cereal substitute; Posted by; deniece williams husband brad westering. 4. 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. Study guides. m. There are numerous reasons the IRS may review your return including but not limited to credit claims such as Earned Income Credit or the Education Credits. . She stated many are receiving this code because of the late approval of. Let’s look at the meanings of the individual numbers to get a better grasp of 1242. IRS Refund Cycle Chart 2022. 6, Duplicate Manual Erroneous Refunds (DMER), will be forwarded to the employee who created the erroneous refund to prepare the erroneous refund package/documentation. The most common reasons for getting a tax offset are unpaid taxes, unpaid child support payments, and offsets for federal student loans that. Reference numbers 102, 103, 105, or 108 indicate that the name and tax ID number of the responsible party do not match IRS records. Level 10 (Genius) 2323 Answers,. Want this question answered? Be notified when an answer is posted. 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. Reply. 1. The taxpayer provides a reference number they got on one of the automated systems, or. 4. I have zero debts, judgments, liens, or anything like that whatsoever. Ask for FREE. 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. 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 mean check addres ok and how you fet return. 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. While code 1201 means there is a huge delay Source : [LINK VISIBLE TO REGISTERED USERS - CLICK HERE TO SEE THIS LINK]. WMR Tax Topic 151. The IRS rep stated if there was a serious issue, you would receive a rejection or a specific code stating the action. The IRS works weekends during tax season, so it's 21 days, not "business days". Please mention reference number 1242 to the IRS Customer Service Representative. 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. 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 letterThe meaning of angel number 1242 is derived from the combination of numbers 1, 2, and 4 and how they relate to each other with a special emphasis on 2. need to speak to someone and ev; My refund status on the irs website said yesterday to expect my refund by feb 7th. 2. What does tax Topic 151 and reference 1242 mean? 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. 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. 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. The IRS will pay the debt you owe and give you anything that may be. Marketing Assistance. What do the IRS reference number 9021 mean? Updated: 9/17/2019. Please mention reference number 1242 to the IRS Customer Service Representative. 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. Community Experts online right now. 1261 – Paper return received more than 6 weeks ago; –Q Freeze; in review, notice for additional information will be received. Reference numbers 102, 103, 105, or 108 indicate that the name and tax ID number of the responsible party do not match IRS records. m. Conclusion: A DHS background check is a meticulous process aimed at ensuring the safety and security of individuals and the nation as a whole. Reference number 104. Want this question answered? Be notified when an answer is posted. Tax law & stimulus updates. Community Experts online right now. This answer is:Why is my refund being reviewed, i filed head of household and claimed one child. Got the same 151 tax topic and reference number call irs and said i need to wait for a letter which it will say what is exactly the issue do y'all received a letter yet? 21% - The reference number im talking about is the reference number of the money that my fiance sent to me,because tha bank ask me for that ,reference nu. Any notice that you have received concerning your refund. Reference Number 1242 is an internal code used by the IRS to identify and track specific tax-related issues, inquiries, and actions. TaxAudit deals with the IRS and state taxing authorities, so taxpaying individuals and small businesses don’t have to. Add an answer. Reference Number 1121, referenced in your account transcript or WMR/IRS2Go app, generally means that your tax return is under further review by the IRS. Please see the link below since you are relying on your refund. IRS Hours of Service: Monday through Friday, from 7 a. Study now. See answer (1) Best Answer. The partial refund may only be the withholding you claimed on the return. day reporting center georgia; heritage farm chicken tastes like fish; avery 5160 template microsoft wordWhat the IRS needs from you if you received an IRS audit notice CP75 or CP75A. 4. Taxpayer Text Updates. The partial refund may only be the withholding you claimed on the return (TC806). Self-employed tax center. Some of the IRS reference numbers are 1541 refund froze, 1301 return was filed. 5. Copy. It will explain how much you owe and how to pay it. 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. What does it mean when my refund status say we have received your return. 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. Add an answer. • An notice that vou have received concerning your refund. Irs reference code 1242 mean . We have recieved your tax return and it is being reviewed please metion reference number 1242 what does this mean? "we are sorry, we cannot provide any information about your refund. The code number 1242 means there has beed a shorter delay. June 1, 2019 1:23 PM. ”. ago. Your return will remain frozen in the IRS. What does Reference Number 1242 mean for refund status? – Reference number codes are how the IRS systems classify informational or processing actions, much like tax transcript codes, According to the IRS manual, Code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. Within 60 days of your CP05 notice, the IRS should send follow-up notices, known as CP05A or a CP05B. Ask Your Question Fast!1242 irs reference number. now my status is "no informatioRef# 1242 generally refers to either people who have claimed Earned Income Credit or the Additional Child Tax Credit. The IRS does not allow a Third Party Designee to have the same contact information as the LLC, specifically an address (either physical or mailing) and a phone. What does reference code 1242 mean? Reference code 1242 from the irs . 8, -E Freeze What does IRS Reference Code 1242 mean? What does it mean when it says to use reference number 1242 when u call. entity. What does IRS Reference Code 1242 mean? IRS uses code 1242 to indicate that your return was received electronically, has been selected for review, and will be frozen until the review process is complete. Did anyone get a refund after tax topic 151 reference number 1242 , if you did , did the irs give you a update on partial payment on the check my refund status ? September 6, 2022 11:22 PM. Level 1. m. 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. 📣 Request Answer. Ask Your Question Fast!The Social Security Number, Filing Status, and refund amount claimed on your return. IRS Reference Code 1241 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 processed or that your refund is on its way. Having the reference status code of 1121 means that the IRS will going to contact you and possibly it would be via telephone, Email, or just a simple mail. Ask Your Question Fast!1242 irs reference number. What does IRS refund reference number 1201 mean? "All other conditions not covered by a status code" according to the Internal Revenue Manual. It should be soon. 1241 – Paper return received more than 6 weeks ago; in review, notice for additional information will be received. Whats 1242 mean for irs Tax topic 151 1242 ext 362 Tax 1242 Irs 1242 . Tax topic 152 with reference number 9001 what does this mean for 2014 tax filing?. I filed my return in July, I got in touch with the IRS to check on my return and verified my identity in August. Ask for FREE. but it does require special handling by an IRS employee. The IRS reference number means that they are source codes when people get certain errors after filing tax returns. What does IRS reference number 1121 mean? The reference number means that your return is being reviewed. What does the irs code 1242 mean. 168. Irs what does reference number 1581 mean. Community Experts online right now. " That reference number 1241 seems to mean "Paper return received more than 6 weeks ago; -E Freeze; in review, notice for additional information will. watch your mailbox . Unlike the other reference numbers, this doesn’t mean that you cannot receive an EIN. Pay the amount you owe by the due date on the notice. 0 1. 5. This typically occurs when they are waiting for additional. These returns are used by the IRS to track the progress of your tax refund. satisfied customers. Anyone else received this update? Usually means an offset usually either child support or back taxes. Taxpayer owes delinquent child support (refund offset). 1. . This typically occurs when they are waiting for additional. Without knowing more about your tax return, it is hard to guess what the issue may be. Ask for FREE. 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. 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. appeal. 1242 means your refund is frozen and they will need more information from you regarding credits you’ve claimed. Best topic for evs seminar a valuable topic? I am studying in fyjc commerce i have to complete my evs project but i am. Ask for FREE. ∙ 2013-02-04 04:17:21. 1261 – Paper return received more than 6 weeks ago; –Q Freeze; in review, notice for additional information will be received. Your tax return is held until you can validate the information requested by the IRS. you will receive correspondence about your return in 10 days,?Community Experts online right now. The IRS reference number 110 mean that you had already initially applied and you received an EIN or TAX ID number. m. This filing requirement doesn't automatically mean your return is accepted and processed, however. Reference number 1581.