What is tax topic 152. Tax Topic 152 is a reference code used by the Internal Revenue Service (IRS) in the United States. It typically appears when a taxpayer checks the status of their tax refund through the "Where's My Refund?" tool on the IRS website or the IRS2Go mobile app. Tax Topic 152 generally indicates that the IRS has acknowledged ...Has anyone gone through the entire process of returning necessary information for tax topic 151.reference 1242? What type of response did you receive? IThe first Tax Topic 151 letter you will receive is simply a courtesy notification. The IRS is letting you know that it is reviewing your tax return and that your refund might be affected due to outstanding debts that you owe. In around four weeks, you should receive a follow-up letter from the IRS. This is called a Notice of Intent to Offset.About a week later I got tax topic 151 with reference code 1242. This same week I got two 766 codes roughly $15,000 for both and one 768 code for around $900. About two weeks later I got a 971 code and my balance on irs.gov updated saying that I owe $1500 from 2013 so I am assuming that I will be getting an offset for the debt owed.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."Information about your appeal rights. Instructions on how to file an appeal. An explanation of how to set up a meeting with an Appeals or Settlement Officer. If you’re …Receiving a Tax Topic 151 letter is one of those consequences. Falling behind on your child support payments isn’t the only reason you might receive this important IRS notification, though. If you do get an IRS 151 letter in the mail, you need to understand what it is and what it means for your future. Below, learn more about what Tax Topic ...You can complete and submit your tax return from the comfort of your home using this free and secure automated phone service. Personal, business, corporation, trust, international and non-resident income tax.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...Return accepted on Jan 29th. Same codes 150, 806 and 810 refund freeze placed on my transcript. Spoke with IRS yesterday and they could not provide me any definitive information. Very strange how wmr prompts you to call and provide reference numbers 1242 but then the IRS has no information to share with you to help resolve the matter.June 4, 2019 6:44 PM. I got topic 1541 and 1242 "We received... it's being reviewed" no letter, got refund not associated with eic and actc wonder if could they still release that portion the 27th? I received my portion not including eic and actc this morning. I'm assuming they want to verify something but I haven't gotten a letter yet.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.In conclusion, although getting a Tax Topic 151 message can seem daunting, knowing your appeal rights and having a clear understanding of the process can go a long way. And remember, there's always help available - from the IRS itself to tax professionals ready to step in and guide you.1430 gerber bridge convention • 2020年10月7日 14:45 • 阅读 1 • 2020年10月7日 14:45 • 阅读 1TAX TOPIC 152 and TAX TOPIC 151 reference code 1242 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... 06:40 9.16 MB 7,883Often 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 …Primary Navigation Menu. Menu. ข่าว ข่าว; ดารา ดารา; ฟุตบอล ฟุตบอล; หวย; ผู้ชาย ผู้ชาย; เทคโนโลยี เทคโนโลยี; ข่าวเศรษฐกิจ เศรษฐกิจ; บ้านและคอนโด บ้านและคอนโดThis video explains the meaning of tax topic 151 on IRS tax transcript . There are many reasons for your tax refund to be smaller than what taxpayers expect ...I have this same info showing (tax topic 151, reference 1242), and received a partial deposit of my refund. I have zero debts, judgments, liens, or anything like that whatsoever. I prepared my taxes through FreeTaxUSA, one of IRS's free tax file partners. Any idea what other reason there could be for an offset?Topic 152 is a generic reference code that some taxpayers may see when accessing the IRS refund status tool. Unlike other codes that a taxpayer might encounter, Tax Topic 152 doesn't require any additional steps from the taxpayer. According to the IRS, 9 out of 10 tax refunds are processed in their normal time frame of fewer than 21 days.A list that details the years that your tax payments are in question. Reference to any law or any provision that you may be relying on in your arguments. Conclusion. Receiving tax topic 151 letters should worry you. If not handled well, your tax matters can mess your finances and you have to get the help of a tax attorney.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.IRS Topic 152 (aka Tax Topic 152 or code 152 IRS) is neither good nor bad. In the simplest terms, Tax Topic 152 means that the IRS needs some additional time to process your tax refund. You will still get your refund, and it does not mean you are being audited. In 9 out of 10 cases, you can expect to receive your tax refund in 21 days or less.Connect with an expert. 1 Best answer. Critter. Level 15. 1241 - Paper return received more than 6 weeks ago; in review, notice for additional information will be received. Not audited per see...but the IRS is sending s letter asking for more info...watch your mailbox . View solution in original post.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. For more information, see: IRS: Topic No. 151 Your Appeal Rights.The 810 still there but it did update after I verified now I have WMR saying topic 151 and ref 1242 and called 3/25 advised 180 review from time of call like what I faxed all requested documents and you need 6 months to review I hope I doesn’t take that long and hoping to update Friday cycle code 20241205 .Filing an appeal directly with the IRS is the most straightforward way to address your tax topic 151 classification. You're able to appeal the majority of IRS decisions at your local Appeals office. In many cases, the first step in requesting an appeals conference is to file a formal written protest or a small case request with the ...New Member. I got topic 1541 and 1242 "We received... it's being reviewed" no letter, got refund not associated with eic and actc wonder if could they still release that portion the 27th? I received my portion not including eic and actc this morning. I'm assuming they want to verify something but I haven't gotten a letter yet.Remember for 2022, if no federal income tax is withheld from unemployment payments, it could mean an estimated tax payment should be made. For more information, review Tax Topic 418, Unemployment Compensation and Publication 525, Taxable and Nontaxable Income, on IRS.gov. Bookmark IRS.gov online tools and resources.Got tax topic 151 but they gave my refund code 846 of only $85. Which is just my federal withholdings. Does this mean I owe the other 10k? Will I not get that? Reference code 1242. same dependents every year.. what is going on. After I already waited 52 days. ReplyKey Takeaways. IRS Reference Number 1242 is used by the IRS to indicate that your electronically filed tax return is under review or requires additional information. Receiving this code could mean that there are errors or inconsistencies in your return, potential fraud or identity theft concerns, or a need for further documentation.1242 Irs reference 1242 Irs 1242 what does that mean . Community Experts online right now. Ask for FREE. Ask Your Question Fast! ...Tax topic 152 Good or Bad | 2023 (Best Answer) Uche Paschal. April 8, 2022. MONEY. Tax topic 152 Good or Bad: Tax Topic 152 is an IRS reference code that some taxpayers may notice when utilizing the IRS "My Return?" website to check the status of their refund. Topic 152 serves as a catch-all/informational message about the refund processing ...The first Tax Topic 151 letter you will receive is simply a courtesy notification. The IRS is letting you know that it is reviewing your tax return and that your refund might be affected due to outstanding debts that you owe. In around four weeks, you should receive a follow-up letter from the IRS. This is called a Notice of Intent to Offset.Topic 152 is a generic reference code that some taxpayers may see when accessing the IRS refund status tool. Unlike other codes that a taxpayer might encounter, Tax Topic 152 doesn't require any additional steps from the taxpayer. According to the IRS, 9 out of 10 tax refunds are processed in their normal time frame of fewer than 21 days.A Code 150 on your transcript means that the IRS has finished processing your return and determined your total tax due for the year. The IRS has also applied any credits on your account (such as federal tax withholding from your paychecks or estimated tax payments) to calculate your final balance due. The balance on your account will include ...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...Mar. 1 2022, Published 5:13 a.m. ET. Source: Getty Images. ... If you get a reference code about Tax Topic 151, on the other hand, your tax return is under review at the IRS, CNET reports. ...I haven't seen anything just tax topic 151 and 1242. In review until they look at my CTC and EIC . Rant . ... Tax Topic 152, file date 3/10 ... reReddit: Top posts of March 10, 2022. Reddit . reReddit: Top posts of March 2022. Reddit . reReddit: Top posts of 2022 To calculate operating profit, subtract operating expenses from gross profit. Also referred to as operating income, operating profit represents the total profits, before taxes, tha...TAX TOPIC 152 and TAX TOPIC 151 reference code 1242 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... 06:40 9.16 MB 7,883After submitting your tax return you may see the following message with reference to code 1242 and Tax Topic 151 when you check your IRS refund status. ... Don't feel bad I'm still waiting on my 2019,2020,2021 and 2022 refunds for this very thing. I call about once a week to insure and I'm told the same thing give us another 180 days were ...In each of its main research areas, the Tax Foundation produces timely and high-quality data, research, and analysis that influence the tax debate toward policies that are simple, transparent, neutral, and stable. Meet Our Experts Our experts are continuously analyzing the day's most relevant tax policy topics and are relied upon routinely for presentations, […]Irs tax topic 151 reference number 1242. What does it mean when my refund status say we have received your return. a refund date will be provided when available? What does this mean....your return has been processed; however a date for your refund has not been determined. please continue to check the refund inq; Tax topic 151 …What does tax Topic 151 and reference 1242 mean? 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 dependent, etc. Tax Topic 151 means your return is under review.After submitting your tax return you may see the following message with reference to code 1242 and Tax Topic 151 when you check your IRS refund status. Naturally when seeing this many taxpayers may get stressed and worried about what’s going to happen next. Read on to see what this means, next steps and expected timeline.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."A copy of your tax return. 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 Hours of Service:**Monday through Friday, from 7 a.m. to 7 p.m.Watch the video explanation about: TAX TOPIC 152 and TAX TOPIC 151 reference code 1242 Online, without registration. What is. Search. Find. What is. Join; ... How long does it take to get tax Topic 151 Reference 1242? ... 2022 Tax Refund - IRS Tax Topic 151.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.carol city high school football state championships » minecraft bedrock hacks » is tax topic 151 bad. is tax topic 151 bad. is tax topic 151 bad ...3rd Floor, Arinkandi House, Plot 1 Raimi Adedokun Drive, Off General Hospital, Gbagada 2341 2956597, 084 302788, 092915260 [email protected] 810 Refund Freeze TT 151, reference 1242. Tax Refund/ E-File Status Question ... the subreddit for taxpayers and tax professionals to discuss everything related to the Internal Revenue Service. We are glad you are here! ... just here to say there's hope!! i was in the same boat and finally got a update today and i have topic 151 1242 ref ...I have topic 151 reference 1242 on where's my refund. My tax. I have topic 151 reference 1242 on where's my refund. My tax transcript has codes 806 ... with tracking number and it says all tax returns up until April have been processed and irs has no record as of Nov 22 2022.• Tax Topic 151, Your Appeal Rights If you have questions or need additional information, please have the following on hand when you call: • A copy of this page. ... 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. Call: 1-800-829-0582, …Visitors to this page also searched for: Tax topic 151 refund information 2016 Tax topic 151 what does it mean Tax topic 151 no reference code Take action it s topic 151 Tax topic 151 what does it mean Tax topic 151 no reference code Take action it s topic 151Tax topic 151 reference number 1242 upvotes ... 9626 paper 4 may June 2022 upvotes ...Usually, when Where Is My Refund shows Tax Topic 152, it also shows the expected amount of your refund on the left side of the page. If the refund amount is gone, it doesn't mean that the IRS has changed your refund. Again, it simply means that the IRS is processing your tax return. In some cases, the refund amount may disappear for months and ...these-things-happen. •. Tax Topic 151 isn't a Transaction Code. That the TC766 is posted means the return has also posted (TC150), so now you're waiting for exam to decide whether or not to formally audit your return. If you don't receive a notice within 60 days, call IRS customer service and speak with a representative.Tax topic 151 reference 1242 Tax topic 151 mean Topic 151 Tax topic 151 . Community Experts online right now. Ask for FREE. Ask Your Question Fast! ... Tax topic 151 I claimed my nephew for 5 years and this is the first year I claimed my niece we stay in the same house hold there mother is not working so I provide for them why was I hit with ...