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tax topic 151 reference 1242 take action Posted in how much did the macy's fireworks cost 2019 Posted by By how to beat ultimate conductor tyranno April 18, 2023 insanity defense pros and consSlide open the envelope and you see the IRS letterhead with "CP05" written across the top. Read what it says because most of the time you don't need to take any action on this notice because it's meant to inform. Receiving this letter, usually, means that your tax return will be delayed by 60 days (between 45-180 days).An insurance quote is typically referring to how much you'll pay for a specific policy per period. Find out what it means and how to read it here. Insurance can be a complicated to...

What is tax topic 1252? §1252, Farmland Gain from the disposition of farm land held for less than 10 years is subject to recapture as ordinary income (IRC § 1252 ; Reg.Tax Topic 151 means that your return is under review. There is something on the return that is being disputed, such as which credits were claimed. The IRS will contact you by letter. While waiting for the Notice, to see more about why this is happening, create or login to your account at the IRS here: View Your Tax Account.Usually means an offset usually either child support or back taxes. Call this automated line to get offset details. 18003043107. Dial 7 wait a second, then 1 wait a few more seconds and then 1. After this listen to the prompt. Dial one to check for taxes. Dial 2 to check for child support or business debt.Am I supposed to do something? "additional account action pending" sounds like I do Share Add a Comment. Sort by: Best ... Save time and money by learning from others who have been there before. Subscribe today and start dreading tax compliance less! Members Online. Code 846, 841, 570 on transcripts ... tax topic 151, reference 1242

Jun 6, 2019 · Bookmark Icon. CassLO. Intuit Alumni. @dgooden90. If you are showing Tax Topic 152 simply means your return is still in the processing stage and topics and bars disappearing mean the process is moving along. The general timeline of e-filed returns is: Transmission > Acceptance > Processing > Approval > Refund.IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. Your return will remain frozen in the IRS’s system until the review process is complete. ….

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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 ...The takeaway: Don't sweat the IRS 1242. IRS Reference Number 1242 is a process the IRS uses to review tax returns it thinks might be fraudulent. The IRS will hold your return until they can validate certain information on it.Climate change is a topic that has been widely discussed in recent years. It refers to the long-term alteration of temperature patterns and atmospheric conditions on Earth, primari...

May 4, 2023 · What to learn more about this reference code? Please read our article about what tax topic 152 means if you’re still unsure whether it’s good or bad. 4. Should I Be Concerned About Reference Number 1242? The short answer is yes. Reference number 1242 could indicate a potentially serious issue that requires your full attention.What happens when Tax Topic 151 Reference 1242? Topic Number 152 - Refund Information: It simply means that your e-filed return is being processed and that the government hasnt approved or rejected it yet. Once that parts done, the government approves your refund, which means its ready to be deposited or sent.

2008 keystone cougar 29bhs Irs reference code 1242 mean . Community Experts online right now. Ask for FREE. Ask Your Question Fast! ... best jumpshot 6'9dryer control board symptoms 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 ago and now need additional info which is proof of dependent EIC credit.News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. The IRS is experiencing significant and extended delays in processing - everything. Don't post questions related to that here, please. humanoid robot star wars nyt Although Topic 152 doesn't require the taxpayer to take additional steps, your return may require further review and it could take longer than the typical 21 days. What does 151 mean for taxes? Tax Topic 151 refers to the reduction or withholding of an individual's tax refund to cover money the taxpayer allegedly owes the government. tom skilling forecasttea container crossword cluestampede saloon bar rescue 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. ecoatm iphone 14 pro max price The College Investor Student Loans, Investing, Building Wealth The College Investor is committed to researching and providing the latest insights and data when it comes to personal...Usually when you receive the topic 152 message you will receive your tax refund within the next 10-14 days. Topic 152 is a code that the IRS uses to tell the status of each group of refunds. 151 says you are under an audit. 160 says that your refund has been deposited. busted newspaper cherokee county txhawaiian airlines airbus a321 seating chartwho is amy schneider married to The IRS publishes answers to many common tax-related questions. Tax Topic 152 addresses the question of delayed income tax returns. In addition to publishing a tax topic on the subject of delayed returns, the "Where's My Refund" tool allows filers to check the status of their refund, as little as 24 hours after filing their return.