What Is Code 1242 With The Irs. This code means that the irs froze your account while they are waiting for additional information. Adds or changes spouse ssn.
Iv called over and over and no where did anyone ask for a reference. Web congress typically enacts federal tax law in the internal revenue code of 1986 (irc). Loan treated as a distribution; This code means that the irs froze your account while they are waiting for additional information. Web irs reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third. This line represents your liability to the irs, based on your filing. A master file entity was created from your return and tax liability. Web the code 1242 indicates that the irs will be asking for proof of the dependent. Adds or changes spouse ssn. Web according to the irs manual, code 1242 essentially means, your return was received but is frozen (from any further actions) and under review.
Direct rollover and direct payment to a qualified plan, 401(b), governmental 457(b), or ira; Direct rollover and direct payment to a qualified plan, 401(b), governmental 457(b), or ira; Loan treated as a distribution; Web a code 1242 is a common code for an irs error. Revocation of being taxed as a small business. Web congress typically enacts federal tax law in the internal revenue code of 1986 (irc). Web a code 1242 is a common code for an irs error. Web irfof code 1242 suggests your return has been processed, and the refund held for possible audit. Web the code 846 refund issued code suggests that the irs finished processing your tax return and approved a refund. Transcript code 150 vs tax topic 151 and 152. 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.
