What Is Code 1242 With The Irs. Web a code 1242 is a common code for an irs error. Revocation of being taxed as a small business.
What Does Reference Number 1242 For The Irs DTAXC
Revocation of being taxed as a small business. Transcript code 150 vs tax topic 151 and 152. The sections of the irc can be found in title 26 of the united states code. Web the code 1242 indicates that the irs will be asking for proof of the dependent. Adds or changes spouse ssn. Loan treated as a distribution; Web irs reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third. The irs code 150 only confirms that your tax return was accepted. Web irfof code 1242 suggests your return has been processed, and the refund held for possible audit. Web what is code 151 on tax transcript?
Web according to the irs manual, code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. A master file entity was created from your return and tax liability. Adds or changes spouse ssn. Iv called over and over and no where did anyone ask for a reference. Web the code 1242 indicates that the irs will be asking for proof of the dependent. Web what is reference 1242 mean? This line represents your liability to the irs, based on your filing. Web what is code 151 on tax transcript? In most cases, this code indicates that the irs. Web select and follow the procedures for the proper freeze. Web a transaction/tax code 420 on your transcript means that your tax return was pulled for a potential audit or further examination by the irs.
