What Is 1242 Irs Code. (1) a loss is on stock in a small business investment company operating under the small business investment act of 1958, and. Adds or changes spouse ssn.
(2) such loss would (but for this section) be. This code means that the irs froze your account while they are waiting for additional information. Web treasury regulations—commonly referred to as federal tax regulations—provide the official interpretation of the irc by the u.s. Web for vacation homes that are classified as rental properties, you must allocate mortgage interest, property taxes, and other expenses between rental and personal use,. I have no idea when you will receive the notice from the irs. Web the code 1242 indicates that the irs will be asking for proof of the dependent. Web senior tax advisor 4. A master file entity was created from your return and tax liability. What does it mean when it says to use reference number 1242 when u call. Web irs reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third.
Revocation of being taxed as a small business. This code means that the irs froze your account while they are waiting for additional information. Web treasury regulations—commonly referred to as federal tax regulations—provide the official interpretation of the irc by the u.s. (2) such loss would (but for this section) be. Web what is reference 1242 mean? Web according to the irs manual, code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. What does the irs code 1242 mean. Code 971 on your transcript using transcript codes and irs. Web senior tax advisor 4. Web a code 1242 is a common code for an irs error. Web irs reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third.
