What Is Code 1242 With The Irs. Loan treated as a distribution; A master file entity was created from your return and tax liability.
What Does Reference Number 1242 For The Irs DTAXC
This code means that the irs froze your account while they are waiting for additional information. In most cases, this code indicates that the irs. The irs code 150 only confirms that your tax return was accepted. 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. Loan treated as a distribution; This code means that the irs froze your account while they are waiting for additional information. Web what is code 151 on tax transcript? A master file entity was created from your return and tax liability. Direct rollover and direct payment to a qualified plan, 401(b), governmental 457(b), or ira;
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. Refer to document 6209, section 8a.4, master file freeze codes and idrs status 48, for a complete listing of freeze. A master file entity was created from your return and tax liability. Web irs reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third. Transcript code 150 vs tax topic 151 and 152. Loan treated as a distribution; This line represents your liability to the irs, based on your filing. Web congress typically enacts federal tax law in the internal revenue code of 1986 (irc). Web select and follow the procedures for the proper freeze. Iv called over and over and no where did anyone ask for a reference. Web a code 1242 is a common code for an irs error.
