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29 Ιαν 2024 · IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. Your return will remain frozen in the IRS’s system until the review process is complete.
17 Φεβ 2024 · What does Reference Number 1242 mean for My refund Payment? Reference number codes are how the IRS systems classify informational or processing actions, much like tax transcript codes. According to the IRS manual, Code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. So while this does ...
23 Μαρ 2023 · The IRS reference number 1242 indicates that your tax return was flagged for review because it raised fraud or identity theft concerns. Although this might sound alarming, seeing this reference number isn’t a reason for concern because the IRS system often flags tax returns for review randomly.
This article explains the IRS Reference Number 1242, a code indicating that a tax return has been flagged for review by the IRS. It details the reasons behind the review, what taxpayers can expect during the process, and how to respond to IRS inquiries.
12 Οκτ 2023 · The IRS uses reference number 1242 to indicate that a tax return has been received electronically and is under review. This code helps the IRS keep track of electronic returns and ensure that they are processed accurately.
30 Ιουλ 2024 · What Does IRS Reference Number 1242 Mean? Finding a 1242 reference number attached to your tax return’s status means the IRS has selected your return for review. This does not indicate the IRS has already found issues with your return.
14 Σεπ 2024 · Reference Code Number 1121 and 1242 – Return Under review Reference Number 1121, referenced in your account transcript or WMR/IRS2Go app, generally means that your tax return is under further review by the IRS.
