Tax topic 151 and reference 1242 are important terms related to the IRS’s review and processing of tax returns. Understanding what these terms entail is crucial for taxpayers navigating the complex world of taxes in the United States.
What is IRS Reference Number 1242? IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. Your return will remawhat does tax topic 151 and reference 1242 mean?in frozen in the IRS’s system until the review。
Reference number codes are howwhat does tax topic 151 and reference 1242 mean? 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 create a。 See more
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