What does reference number 1242 mean in the IRS?
1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. 1261 – Paper return received more than 6 weeks ago; –Q Freeze; in review, notice for additional information will be received.
Why is my tax return frozen?
The IRS can delay your tax refund until it completes any audits. This is most common when the IRS is conducting a mail audit on your EITC or ACTC return from a prior year. Normally, you’ll receive IRS Letter CP88 indicating that your refund is frozen until the IRS completes the audit.
What does code 766 credit to your account mean?
Hello Jane:) The 766 Code is a positive sign with a credit being issued to your account. The negative amount represents that there is a refund due back to you so no need to worry. The Code 846 will indicate that the refund has actually been issued to you and should be on its way to you as well.
How do I fix a rejected tax return?
To fix this, all you need is an e e-file PIN or your Adjusted Gross Income from the prior year. Request an e-filing PIN from the IRS, enter this PIN into the e-filing software, and resubmit your return for review.
What does IRS Code 766 mean?
Code 766 indicates a credit to your account (generally, a refund – but it can be a credit toward taxes in a prior year, if you have those) Code 768 indicates an earned income credit amount.
What does a return code 1242 mean?
The 1242 code suggests the return was selected for examination. The notice is probably a CP75: Same thing happened to me I received a letter to send in various documents confirming head of household and that my children lived with me. Any results?
What does 151 1242 mean on Turbo Tax?
June 6, 2019 7:30 AM Track my refund states topic 151 1242 code what’s this mean turbo tax has yet to notify me off this? 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….
What is the difference between a 1242 and a 151?
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… They should send you a letter explaining.
What does 1121 IRS reference status code mean?
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.