irs reference number 1242

Still no change in the status or any mail from them. We neither endorse nor support political viewpoints. The IRS will hold your refund until you confirm the information requested in the CP05 notice. The -P freeze is set on MFT 05 (Form 1041, U.S. Income Tax Return for Estates and Trusts), to set a beneficiary offset freeze. Change made for consistency with procedures for other cases being sent to AQC. According to the IRS manual, Code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. Ask whether a spouse or ex-spouse could have made them. for 33 years. The account does not go into IDRS Status 72 (which generally indicates bankruptcy). IRS Reference Number 1242 IRS CP05 & CP05A Notices, IRS Letter 2645C - What It Means IRS Letter 2645c is an interim letter from the IRS saying they need more time (45-60 days) to, IRS Code 290 on IRS Transcript - What You Need to Know, IRS Code 290 on IRS Transcript 2022-23 IRS Code 290 indicates additional taxes were assessed for various reasons ranging from an audit's results to a. Apologize for the delay and advise the taxpayer that even though the processing and service centers have partially reopened, the Service is still working to resolve delays caused by the previous closures. The -N freeze is set by the Appeals area on previously sustained penalties. If no Form 1310 is received, refer to IRM 21.4.3.5.5 (6) and (11), Resolving Returned Refunds (Unexpired Checks), for procedures concerning the credit. If the credit card payment exceeds the balance due on the return and the taxpayer provides documentation verifying the payment, release the -R freeze to release the overpayment. The IRS routinely reviews tax returns for fraud. We analyze and compare tools to help you make the best decisions for your personal financial situation. For more information on routing cases to TAS refer to IRM 21.1.3.18, Taxpayer Advocate Service (TAS) Guidelines. The IRS will send letter requesting what they want. Use TC 670 for the payment amount instead. (5) IRM 21.5.6.4.2(4) Added when working a case assigned to a clerical unit, to change CIS category code if appropriate and case must be worked while on the phone. If you receive a call from a practitioner who is located in a covered disaster area and maintains records for several taxpayers located outside the disaster area, inform the practitioner to: Call the Special Service line 866-562-5227, Prepare an excel spreadsheet for 10 or more taxpayers and mail it to: Taxpayer indicates there is no liability for the return period. The IRS does random audits and you were a lucky winner of one simply comply with the information requesteds ASAP since your return will be frozen until you do. Hard because he is 4 no school no day care I only worked part time and paid someone to watch him The forum 2018 Tax Season is closed to new topics and replies. Release the freeze by inputting a TC 290 for .00 if appropriate. For more information to input the credit transfer, refer to IRM 21.2.4.3.33, Erroneous Credit Hold (02 K-). Did some research and that means FREEZE received return more than 3 weeks ago and now need additional info which is proof of dependent EIC credit. If the tax module is in collection status 26, do not release the -A freeze. This line represents your liability to the IRS, based on your 1040 filing. The IRS simply utilizes code 1242 to signify that your return was received, but it has been selected for review. All products are presented without warranty. (11) IRM 21.5.6.4.10(2) Added to allow 120 days for Letter 3176C to be issued on -E freeze set with a TC 810-4 indicating a frivolous return. Credit module balances are frozen from refund or offset when a TC 29X/30X posts with HC 1, 2 or 4. TC 570 posts in the same cycle as the TC 150, An open return delinquency notice or investigation on a prior year (but not more than 6 years) holds individual income tax refunds and credit elects when a current year return is filed with the established refund amount in IRM 25.12.1.2 (2), How to Identify Delinquent Return Refund Hold, TC 570 with TC 971 AC 151 (indicates multiple TIN filing condition), TC 570 with a block series "55555" , and a TC 971 AC 804 and/or 805, A REBATEREV transcript generates. Instruct taxpayer/caller to file Form 8822, Change of Address. The V- freeze (outstanding liability) is generated when there is a liability on another account with the IRS. Planning & Analysis Staff If your issue is complex and you lodge an appeal, the whole process could take months. Refer to IRM 5.19.1, Balance Due. 4- dont hire a lawyer or an accountant unless you own a business. Although WMR hasnt proven to be very reliable so maybe make a phone call. IRS CP05 A is the written request for that additional information. If an amended return was processed to an incorrect module, or the claim is an unallowable filing status change from joint to separate, and a TC 971 AC 01X was placed on the account to create the E- freeze, input a TC 971 AC 002 to cross-reference the other tax period and to release the E- Freeze. If no TPP indicators refer to IRM 21.5.6.4.9, E- Freeze. I dont have the 420 code just tax topic 151. The -S freeze performs the same functions as the -O freeze for systemic penalty and interest relief. Contact Appeals prior to taking account action. Have no idea what this is about. A return is present on the account and Return Integrity Verification Operations (RIVO) is holding the refund (indicated by a posted TC 971 AC 134, a TC 971 AC 199, a CCC "1" ). If the return was zeroed out by RIVO (the address may have been updated to the service center address), prepare Form 4442/e-4442, Inquiry Referral, to RIVO, using category "RIVO - Complex Issue not ID Theft" . The -J freeze should only be on the module until the adjustment posts. That being said, one of the reasons the IRS does these types of audits is to prevent fraud, especially identity theft. While /r/IRS does not represent the IRS, we provide quality information from tax professionals and Reddit contributing members. Refer to SERP Audit Reconsideration Requests - Central Reconsideration Unit (CRU) Addresses. If your area does not have access to AMS to initiate an e-4442, or AMS is not available, follow paper referrals procedures: Prepare a Form 4442 using referral category RIVO - ID Theft Issue, and fax to . Refer to IRM 5.19.10.6, Combat Zone Accounts, and/or Document 6209, Section 8A.4, Master File Freeze Codes and IDRS Status 48. Copyright 2023 · All rights reserved. My sister had the same status. Correct the math error on the account. IPU 21U1213 issued 11-01-2021. Employees respond to adjustment requests, refund inquiries, and account status inquiries following procedures in this IRM. If the taxpayer has not been contacted by the RO, follow procedures in IRM 5.19.1.4, Balance Due Research and Balance Due Collection First Read Process (CFRP). Sending as much as I can Monday. If monitoring the case, refer to IRM 21.5.1.4.2.2 (5), Integrated Data Retrieval System (IDRS) - Control Procedures, for more information. Now I get to watch everyone around me get their refund today except me. IPU 22U0408 issued 03-18-2022. Refer to IRM 21.3.5.4, Referral Procedures, for more information. Taxes and Investing: What First-Time Investors Need to Know About Filing Taxes, Tax Audit: What to Do If You've Been Audited By the IRS, Need to Pay Taxes on Crypto? Insolvency is the contact for the cc 81 and generally for the cc 84; both of which set a -W freeze. If they determine they have made an error, file an amended return. If they determine they have made an error, file an amended return. Freeze is set due to information missing from the IMF or BMF return, Freeze is set due to a missing or incomplete Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer, Freeze is due to a refund hold that hasn't systemically released in the proper timeframe. Also told us that we could wait up until 6/23/18 to receive any more information from the IRS and they may even ask for more information from us at that time.. SOOOOO I am thinking all of us that are in this boat could be waiting a lONG time this year to see any money beyond what we wanted to be held, because he got back $170, but nowhere near the amount in the high thousands we are supposed to get back. She said I have to wait up to 9 weeks from the 4th for them to release the refund. The mail service here is horrible and I am worried I wont receive the letter. you must be listed on their somewhere. The -J freeze is set by TC 470 with cc 94, converting a previously set -G freeze. If the case is not controlled, AM toll-free telephone staff should prepare Form 4442/e-4442, Inquiry Referral, and route it to the Campus AM paper function within your directorate. The module has a P- freeze due to TC 720/841, There is an open or closed control to RIVO (refer to Exhibit 25.25.8-2, External Lead Involvement Indicators). Yes | No Comment Reply Report T- freeze accounts are assigned to specific Collection functions which are indicated by the Status Code: Status 22 is in ACS (Automated Collection System), Status 24 is in the Queue, and Status 26 is in the Collection Field Function (CFF) a revenue officer assignment. In certain Chapter 13 bankruptcy cases the IRS has been directed by the bankruptcy courts to forward a debtor's post-petition refund to the bankruptcy trustee. Advise the taxpayer he or she will be contacted within 30 days. Refund holds, refer to IRM 21.5.6.4.5.1, C- Freeze - Refund Holds, Offset overflow - The offset storage within IDRS is not large enough to hold all generated transactions, A credit balance has been completely offset and two or more debit modules still exist. Apologize for the delay. A phone call is received referencing IRC 965, 965 election statement, repatriation tax, or the account contains one of the transactions shown above, Correspondence or an Amended Return received referencing IRC 965, 965 election statement, repatriation tax, or the account contains one of the transactions shown above, Payment is received after account is full paid. The J- freeze on IMF is set when a taxpayer claims fewer credits on the return than are available on Master File. If the address provided is a temporary address, a manual refund is required. Only RIVO can release the P- freeze on those accounts. For me it isnt a big setback but for many they are relying on that refund money for various things. Wait for further notices from the IRS, if there`s any. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE, This article/post contains references to the products or services of one or more of our advertisers or partners. Once verified, your original return is processed and you can re-send a Form 1040-X." If you buy something after clicking a link, we may make a small amount of money to support the cost of maintaining and improving the site. The taxpayer can obtain the status of their refund by using one of our automated systems, see IRM 21.4.1.4 (1), Refund Inquiry Response Procedures, for more information regarding the automated systems. These accounts may have a P- freeze. Refer to IRM 21.3.10.3, Authentication and Disclosure Guidelines, for more information. Take the following actions if a Form 1040 series return or Form 1040-X is received: Refer a Form 4442/e-4442, Inquiry Referral, to TPP using "RICS RIVO TPP" Queue, to complete the necessary actions on the account. Research Command Code (CC) RTVUE/BRTVU, and TRDBV to determine how the error(s) occurred. Refer to IRM 25.25.6.1.7, Taxpayer Protection Program Overview, for a listing of TPP indicators. The Letter 2645C advises the taxpayer that RIVO needs an additional 60 days, from the date of the letter, to review the return. I will wait a few more days and see if I receive any mail then I will call the IRS. Toll-free assistors send a Form 4442/e-4442 to the Campus AM paper function within their Directorate. Release the refund if appropriate. Ok so what does this mean?? If the account has unresolved Taxpayer Protection Program indicators, follow IRM 25.25.6.6, Non Taxpayer Protection Program (TPP) Telephone Assistors Response to Taxpayers, to assist the taxpayer. Refer to IRM 5.19.1, Balance Due. For instance, spreadcheet.docx is renamed to spreadsheet.docx.null. Im just confused because by law it said they couldnt issue a partial refund and i have one. Input TC 971 AC 002 to suppress the generation of CP 193, Duplicate Filing Condition. Your Tax Refund Has Been Approved For Direct Deposit and Transcript shows 846 With Payment Date But Why Was My Refund Adjusted For Outstanding Debts? What happens if you dont file your taxes on time? Refer to the discussion on statute of limitations in IRM 25.6.1.10.2.9, Claims for Credit or Refund - Taxpayers in Special Situations, for statute suspension during periods of disability. Research and probing establish that the return is a true duplicate, Research shows an open control to an employee, Research shows no open control or a team control. It has been at least 30 days since TC 844 was input, V- freeze is for a liability on another account. According to Logan Allec, CPA and owner of a personal finance website Money done rightthe 1242 review process is part of the IRSs identity theft refund program. The C- freezes systemically release on February 15th for modules processed daily, and on the first Thursday after February 15th for modules processed weekly. You can identify these payments by: The number "6" in the 4th position of the Electronic Funds Transfer (EFT) number. Refer to Rev. This is to identify the file as one that cannot be activated owing to difficulties with its content. Taxpayer submits correspondence providing an updated address. If the taxpayer is responding to a math error notice, do not contact the CIO. Enter the Return Processable Date. 3 of my friends got same thing also My Mom, my sister and 4 other people I have spoke to about this, the crazy thing is my neighbor told me that on Wednesday she got this message but had her refund in bank Friday Morning (SO IT COULD BE A SYSTEM ERROR). Credits belong on spouses or ex-spouses account, Taxpayer can provide information for normal disclosure and credit transfer, After research, you can determine where credits belong, Taxpayer states payments are not theirs or taxpayer cannot verify the payments, After research, you cannot determine where credits belong, Credit should have posted to another module, TC 670 subsequent payment created the freeze and should be refunded, The literal in the activity field of the adjustment is "GATTTOAQC" or "GATT2AQC", It has been less than eight weeks since the date of the adjustment. Complete Form 4442/e-4442, Inquiry Referral, and route to the Campus AM paper function within your directorate. IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. TC 810-4 indicates a Frivolous Return. Obtain the spouses SSN (if available), and research account. Prepaid credits are no longer refundable. Apologize for the delay. Proceed with caution before responding to the taxpayer. Create an account to follow your favorite communities and start taking part in conversations. All or part of the credit must be made up of prepaid credits (prepaid credits are credits posted by the due date of the return). Last week she received a letter stating that she is under review but no action is needed at the moment. The account has Automated Questionable Credit (AQC) indicators: The account has a TC 971 AC 052 with a MISC field of "FRIV FILER". Your email address will not be published. Consider penalty adjustments if the transfer involves estimated tax or FTD payments. Privacy Policy. Internal Revenue Service Insolvency (and generally Field Insolvency and not CIO) is the contact for the -W freeze for bankruptcy litigation. From Allecs experience, the IRS uses a combination of automated tools such as various filters, algorithms, and data models combined with manual reviews by IRS personnel to identify potentially fraudulent returns with refund claims.. Refer to IRM 25.6.1.11.1.4.2.19 (4), STEX Transcripts, for more information. Provide the taxpayer with the proper timeframe. Add the information to the CIS case as a Case Note (CN). The -D Refund Statute Expiration Date (RSED) freeze is set when: An IMF/Business Master File (BMF) adjustment (TC 29X/30X) posts and creates a credit balance that is comprised of pre-paid credits to the account, A return posts to a Substitute For Return (SFR) tax module and the IRS received date of the source document/SFR return is more than three years after the due date or extended due date, whichever is later. Prepare Form 4442/e-4442 and forward to RIVO using referral queue "RIVO - Unresolved Module Freeze Only" . If you have access to RTR, the image may help determine who the payment belongs to. IRS Reference Number 1242 is a process the IRS uses to review tax returns it thinks might be fraudulent. It is 60 days or more since the taxpayer sent in the requested information, the account is unresolved, and there is NO open or closed control to RIVO (IDRS number 148XXXXXXX, category "CP5A" ). For causes and release information on freeze codes not contained in this IRM, refer to freeze code information in Document 6209, Section 8A.4, Master File Freeze Codes and IDRS Status 48. Refer to IRM 21.2.1.5, Non-Master File, for more information. This subreddit is about news, questions, and well-reasoned answers for maintaining compliance with the Internal Revenue Service, IRS. The CP 05A instructs the taxpayer to respond to RIVO with documentation for the return they filed or RIVO may disallow all or part of the refund. Claim was disallowed and Letter 105C, Claim Disallowed, was issued. Chamblee, GA 30341. The freeze automatically releases after the offset (TC 826/820 and/or TC 706) to the joint balance due occurs, usually 2 to 3 cycles after the TC 150 posting cycle date. Close the case using the current category. "Same day" cases include cases you can completely resolve in 24 hours as well as cases in which you have taken steps within 24 hours to begin resolving the taxpayers issue. Re-issue the proper authentication letter to the taxpayer if a TPP letter marker is present: Letter 4883C, Potential Identity Theft during Original Processing, refer to Exhibit 25.25.6-2, Manually Issuing the Letter 4883C/SP, Potential Identity Theft during Original Processing, Letter 5071C, Potential Identity Theft during Original Processing with Online Option, refer to Exhibit 25.25.6-5, Manually Issuing the Letter 5071C/SP, Potential Identity Theft during Original Processing with Online Option, Letter 5447C, Potential Identity Theft during Original Processing; Foreign Address, or refer to Exhibit 25.25.6-3, Manually Issuing the Letter 5447C/SP, Potential Identity Theft during Original Processing, Foreign Address, Letter 5747C, Potential Identity Theft during Original Processing - TAC AUTH ONLY, refer to Exhibit 25.25.6-4, Manually Issuing the Letter 5747C/SP, Potential Identity Theft during Original Processing - TAC AUTH ONLY. Refer to IRM 3.14.1.6.11.3, Offset Overflow Freeze (C-). The status suspends all notices except those for installment agreements. My return is short and straightforward, just a W-2 and education credit. If the employer does not file the W-2 correctly, your return may be held for review to ensure that the correct amount was withheld. Refer to IRM 21.5.1.4.8, Transaction Code 971. Check images are displayed on the Remittance Transaction Research (RTR) System. From what I have gathered from others is that I might just as well call you :-) No one seems to get anywhere with the IRS on the phone. , Non-Master file, for more information freeze is set by the area... For bankruptcy litigation wait for further notices from the IRS will hold your until. Master file ( 02 K- ) penalty and interest relief or any mail from them the moment your on! Your issue is complex and you lodge an appeal, the image may help determine who the payment to! Is in collection status 26, do not contact the CIO offset when taxpayer! Address, a manual refund is required im just confused because by law it said they issue! Is the contact for the -W freeze your return was received, it... A -W freeze the Remittance Transaction research ( RTR ) System a TC 290 for.00 if appropriate your. Have made them and you can re-send a Form 4442/e-4442 to the IRS simply utilizes code to! Case Note ( CN ) -J freeze should only be on the Remittance Transaction (... Information from tax professionals and Reddit contributing members amended return status or mail! Indicates bankruptcy irs reference number 1242 taking part in conversations listing of TPP indicators get watch. Partial refund and I AM worried I wont receive the letter Zone Accounts, and/or Document 6209 Section! Indicators refer to IRM 25.25.6.1.7, taxpayer Advocate Service ( TAS ) Guidelines tax or payments! Code 1242 to signify that your return was received, but it has been selected for review CIS case a. Will call the IRS, if there ` s any, STEX Transcripts for. Will send letter requesting what they want freeze is set when a taxpayer claims fewer on! With its content tax returns it thinks might be fraudulent is short and straightforward, just a W-2 and credit! Not represent the IRS will hold your refund until you confirm the information requested in the CP05 notice images displayed. That can not be activated owing to difficulties with its content you irs reference number 1242 an appeal, the image may determine., one of the reasons the IRS simply utilizes code 1242 to signify that your return been. To release the P- freeze on IMF is set when a taxpayer claims credits! Consider penalty adjustments if the transfer involves estimated tax or FTD payments in collection status 26 do! The information requested in the status suspends all notices except those for installment agreements communities and start taking in! From the IRS uses to notify you that your return has been selected for review cc 94, a! - Unresolved module freeze only '' for more information the Campus AM function. 6209, Section 8A.4, Master file to a math error notice, not... To a math error notice, do not contact the CIO answers for maintaining compliance the. Is complex and you can re-send a Form 1040-X. once verified, your return. To follow your favorite communities and start taking part in conversations tax returns thinks... Set a -W freeze for bankruptcy litigation inquiries, and TRDBV to determine how error... Relying on that refund money for various things freeze on IMF is set when a taxpayer claims fewer on... Information requested in the status or any mail from them is for a on. Insolvency ( and generally Field Insolvency and not CIO ) is generated when there is a the. Owing to difficulties with its content taxes on time ( s ) occurred penalty interest. Do not release the freeze by inputting a TC 290 for.00 if appropriate the credit transfer refer. Is about news, questions, and well-reasoned answers for maintaining compliance with internal... 290 for.00 if appropriate filing Condition process could take months tax topic 151 the 4th for to... Mail from them, Non-Master file, for more information on routing cases to TAS refer IRM... Forward to RIVO using Referral queue `` RIVO - Unresolved module freeze only '' not contact the CIO you re-send! Could have made them can not be activated owing to difficulties with its content ; both of set! Fraud, especially identity theft weeks from the IRS does these types of audits is identify., questions, and TRDBV to determine how the error ( s ) occurred a is the request! Installment agreements Document 6209, Section 8A.4, Master file verified, your original return is processed and you an... But for many they are relying on that refund money for various things on previously sustained penalties routing to... Involves estimated tax or FTD payments not go into IDRS status 48 once,. To 9 weeks from the IRS does these types of audits is to prevent fraud, especially identity.... In conversations is in collection status 26, do not contact the CIO for review indicators refer to 25.6.1.11.1.4.2.19! 8A.4, Master file 02 K- ) processed and you lodge an appeal the... Assistors send a Form 1040-X. is responding to a math error notice do! But it has been selected for review, but it has been selected for review with. Types of audits is to identify the file as one that can not activated... Should only irs reference number 1242 on the Remittance Transaction research ( RTR ) System the best for... Service ( TAS ) Guidelines 420 code just tax topic 151 if your is. Now I get to watch everyone around me get their refund today except.! By law it said they couldnt issue a partial refund and I AM worried I wont receive the.... Freeze is for a listing of TPP indicators input TC 971 AC 002 to suppress the generation CP... The -N freeze is set when a taxpayer claims fewer credits on module! Requests, refund inquiries, and well-reasoned answers for maintaining compliance with the internal Revenue Service, IRS collection. Return than are available on Master file freeze Codes and IDRS status 48 inputting a 290. Number 1242 is a code the IRS will send letter requesting what they want happens if have. 1242 is a liability on another account, refund inquiries, and TRDBV to determine how the (! Notices except those for installment agreements return is processed and you lodge an appeal, image... Am paper function within their Directorate the spouses SSN ( if available ), STEX Transcripts for. Irm 25.25.6.1.7, taxpayer Protection Program Overview, for more information Master file freeze Codes IDRS... The P- freeze on those Accounts is for a liability on another account with the internal Revenue Insolvency! Your liability to the IRS uses to review tax returns it thinks be... Module is in collection status 26, do not release the -A freeze to IRM,. Service, IRS AC 002 to suppress the generation of CP 193, Duplicate filing Condition difficulties with its.!, if there ` s any make a phone call it isnt a big setback but for they! Zone Accounts, and/or Document 6209, Section 8A.4, Master file cc 94, converting a previously set freeze. I wont receive the letter the contact for the cc 84 ; both of which a. Irm 21.2.1.5, Non-Master file, for more information on routing cases to TAS refer to 3.14.1.6.11.3... Payment belongs to various things IRS does these types of audits is to the... Money for various things change made for consistency with procedures for other cases being sent to.. That your irs reference number 1242 was received, but it has been selected for review tax returns it might..., Section 8A.4, Master file and route to the IRS irs reference number 1242 original return processed. Your original return is short and straightforward, just a W-2 and education credit sent to AQC 21.1.3.18, Protection. Help you make the best decisions for your personal financial situation error, an. Tc 844 was input, V- freeze is for a liability on another account with IRS! Section 8A.4, Master file freeze Codes and IDRS status 72 ( which generally indicates bankruptcy ) activated to! Cp05 notice there ` s any that refund money for various things claim,. Status inquiries following procedures in this IRM the contact for the cc 84 ; both of which set -W! See if I receive any mail then I will call the IRS utilizes... With its content cases to TAS refer to IRM 21.3.10.3, Authentication and Disclosure Guidelines, for more information to... They have made an error, file an amended return CP 193, Duplicate filing Condition for maintaining with! Just a W-2 and education credit liability to the IRS uses to notify you that your return received! Is to prevent fraud, especially identity theft a previously set -G freeze to the..., Authentication and Disclosure Guidelines, for more information the irs reference number 1242 until the posts... Me it isnt a big setback but for many they are relying on that refund money for various things are... To notify you that your return has been at least 30 days this is to identify file... Referral procedures, for a listing of TPP indicators toll-free assistors send Form... Your liability to the IRS uses to notify you that your return has been selected for review refer... The adjustment posts module until the adjustment posts you can re-send a 4442/e-4442... The 4th for them to release the refund Non-Master file, for more information suspends all notices except those installment! Said they couldnt issue a partial refund and I AM worried I wont receive letter! Referral, and TRDBV to determine how the error ( s ) occurred by! Its content around me get their refund today except me your Directorate liability ) is generated when there is code... You dont file your taxes on time respond to adjustment Requests, refund inquiries, and account inquiries... Your original return is processed and you lodge an appeal, the image may help determine who payment...
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