irs reference number 1242

Use "-X Freeze" as the referral type. When the refund hold expires, IMF systemically generate the refund transaction (TC 846). Still no letter & no refund balance yet! Forward to the correct campus Accounting function. The W- freeze is also set with TC 840 if TC 150 without CCC "O" is present and no 29X/30X is present. 1242 - Electronic return received more than 3 weeks ago; -E Freeze; in review, notice for additional information will be received. Added referral procedures if there is an open control in background status. DO NOT close your case control base. If you question the taxpayer and research IDRS, and still cannot determine why the -R freeze is present, Advise taxpayer to send a complete return with all schedules and attachments (e.g., Form W-2, Schedule A, B, C, etc.) If 45 days have passed since the cycle of the -D freeze, prepare Form 4442/e-4442, Inquiry Referral, and forward to the Statute function where the RSED-STAT transcript generated, along with any documentation the taxpayer furnishes. Refer to IRM 21.3.3.4.2.1, Use of 86C Letter-Referring Taxpayer Inquiry/Forms to Another Office. Advise the taxpayer that we select some returns to determine if income, expenses, and credits are being reported accurately. A manual refund may be necessary. There is no indication the refund is part of the TDI Refund hold program (does not have the criteria in IRM 25.12.1.2, How to Identify Delinquent Return Refund Hold), explain no refund can be issued until taxpayer complies more fully. The X- freeze is systemically released and the offset/refund restriction released in the cycle the module balance becomes zero or debit balance. It has been 26 cycles since the TC 840 posted and research shows the TC 840 was input on the correct module and TIN, The original return has not been processed. Your tax return is held until you can validate the information requested by the IRS. If there are unresolved TPP issues on any module on the account, do not release the S- freeze. Taxpayer claims more estimated tax credits than are available. Transfer the credits to resolve the "-X" Freeze. If the subsequent payment is for additional liability, and no Form 1040-X received, secure the Form 1040-X from the taxpayer. Route the case to the Return Integrity Verification Operations (RIVO) at STOP 6579 AUSC. During this process they may request additional information via formal notices, that you should promptly respond to. If the original refund is requested as a direct deposit and denied because of the module freeze, any remaining credit, after the freeze resolution, is issued via direct deposit. Question: So when you receive partial refund, is it also DD? Changes made to reduce redundancy and eliminate erroneous refunds. (46) Editorial changes were made throughout the IRM for clarity. Change made to eliminate unnecessary referrals. Employees need to notify the taxpayer that they will receive the additional refund in 4-6 weeks. Please contact the Administrator John@JohnRDundon.com for immediate professional advice? Refer to IRM 5.14.10.4, Direct Debit Installment Agreements, for installment agreement procedures. A -R freeze is set when a multiple (DUPTIN) filing condition occurs. 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 21.6.2.4.2, Mixed Entity Procedures, or IRM 21.6.3.4.2.7.13.3, CP 54 Notices With Math Error Involvement. Conditions describing certain issues on a module/account, but account is not frozen. If the taxpayer is calling to request an Installment Agreement (IA) refer the caller to the CIO toll-free number at 800-973-0424. (31) IRM 21.5.6.4.35.3.2(2) Added exception for certain AQC cases on adjusting with income verification. Investor Junkie is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Confirm the taxpayers current mailing address. The IRS recommends that you check the status of your return on the IRS WMR Wheres My Refund? portal. If after complete research you cannot make a determination and credit is less than one year old, prepare Form 2424, Account Adjustment Voucher, to transfer credit to the Unidentified Remittance File (URF). Tell the taxpayer to send a signed copy of his return to the return address shown on their notice. (42) IRM 21.5.6.4.46(3) Added contact information for Status 84 Insolvency. Update the Return Processable Date (RPD) with the new documents received date. Thank you in advance, I got this Saturday as well as a friend of mine got a partial refund but not credits I havent gotten anything in mail or in bank, I just never had a 151 code ever my taxes always came back no issues. The IRS uses code 1242 to indicate in their system that your return has been received and is under review. (Usually no action is required to release the -X freeze, because posting the return releases it. I filed my taxes this early (on February 1st) for the first time in my life and I have lived long enough. The account contains a TC 766 with Credit Reference Number (CRN) 263 (deferred amount) and a TC 971 AC 114 (total net tax liability under section 965). All the best and hope you receive your return soon. It does not, however, provide compliance relief. The freeze prevents any credits from systemically offsetting or refunding. (13) IRM 21.5.6.4.22(5) Added procedures for -K freeze with RIVO involvement but no RIVO letter or notice sent to taxpayer. This is the number provided on the CP 63, Were Holding Your Tax Refund, Unfiled Tax Returns Being Requested, they receive. The taxpayer states they have not received a letter, The taxpayer states they have received the CP 05 or Letter 4464C. Advise taxpayer of the processing timeframe. Open a control base to RIVO IDRS 1487866666, if completing a full adjustment, use the CIS case number in the activity field, TPRQ as the category, and control status A. Update the CIS category code if appropriate. Refer the taxpayer to the CIO toll-free number, 800-973-0424, for questions regarding bankruptcy/insolvency proceedings, and if the taxpayer is outside the US (living abroad). Follow the procedures below if you are working TRNS41, Unresolved Manual Refund Freeze, transcripts. The -J freeze is set by TC 470 with cc 94, converting a previously set -G freeze. Refer to IRM 25.25.6.6.3, Taxpayer Claims Identity Theft - Research. this will irritate them and make them look deeper into your situation. I only have the AOTC (American Opportunity Tax Credit). IRS Code 1121 What Does It Mean The Internal Revenue Service reference code 1121 means that your tax return is being reviewed. The taxpayer is stating they have not received the Letter 4800C. Provide the taxpayer with the identity theft information, refer to IRM 25.23.12.2, Identity Theft Telephone General Guidance. Determine what is missing through research and probing. Overpayment on a deceased taxpayers account. IRM 25.3.8, TC 520 -W Freeze Servicewide Guide, is a servicewide guide to these types of litigation and the organizations responsible for them, Failed Banks: Occasionally a financial institution fails and the Federal Deposit Insurance Corporation (FDIC) steps into a receivership for the institution. Use phone number "855-873-2100" in the letter. Transfer the payment to the correct module. If the open control is for a Correspondence Imaging System (CIS) case and you have access to CIS, do not initiate a referral. I have the exact same thing. (19) IRM 21.5.6.4.35(2) Updated note to provide procedures for Employment Returns with potential ID Theft, for a referral to be emailed to SBSE. If the credit card processor could not provide any information within 30 days or was unable to provide enough information to identify the originator of the credit card payment, move the payment to the unidentified remittance file. A CP 23, Estimated Tax Credits Discrepancy - We Changed Your Return to Match Your Credits or Payments Posted to Your Account - Balance Due, CP 24, Estimated Tax Credits Discrepancy - We Changed Your Return to Match Your Credits or Payments Posted to Your Account - You May Have a Credit or Overpayment, or CP 25, Estimated Tax Credits Discrepancy - We Changed Your Return to Match Your Credits or Payments Posted to Your Account - Even Balance, generates when the freeze is released and no credits are located. Summarize your objection and send it to the IRS address listed on the letter outlining your appeal rights. The account has Automated Questionable Credit (AQC) indicators: The account has a TC 971 AC 052 with a MISC field of "FRIV FILER". Just a little FYI for you guys, If you get a tax advocate, make sure you get all the information that they ask of you within 72 hours, otherwise, the IRS will not accepts anymore documents from that TA and you will have to go through the whole process all over again. (24) IRM 21.5.6.4.35.3.1(5) Removed note concerning balance due. 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. How to amend (change or correct) a return you' How do I fix e-file reject IND-031-04 or IND-0 Premier investment & rental property taxes. Bitcoin vs. Bitcoin Cash: Which Is the Better Investment Today? Added Note if TAS criteria not met, to advise taxpayer to allow another 30 days. According to the IRS manual, Code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. My situation is just the stimulus having to be adjusted from my return they have to do an investigation because its been over a year since I never received my 3rd stimulus. The -A freeze is set when a duplicate return (TC 976), subsequent return (TC 977) or a TC 971 with action code (AC) 010 or AC 012-015 (amended return), posts to an account. When releasing refunds, more interest is allowed for a delay in the delivery of refunds due to IRS error. Research IDRS to determine the reason for the TC 810 on the account. That being said, one of the reasons the IRS conducts these types of reviews is to prevent fraud, especially identity theft. (2) IRM 21.5.6.4(4) Replaced Note with IRM link for Accounts Management and balance due issues. Internal Revenue Service Refer to Rev. 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. The procedures below are identical for both letters and actions can be repeated if both letters have been issued. In the subject line, notate "Form 4442 REF2SBSE", Unreversed Taxpayer Protection Program (TPP) indicators. Proceed with caution before responding to the taxpayer. Refer to IRM 21.6.8.9.2, REFMFT31/REFMFT65 Transcripts. Send a secure email to the Appeals mailbox, *AP Inquiries, requesting contact information of the Appeals employee working the case. These returns can be identified with CCC O on CC TXMOD and the accounts must have TC 767 CRN 330. Toll-free assistors and TAC employees, to release freeze, send a Form 4442/e-4442, Inquiry Referral, using referral category "-J freeze" , to the AM Paper function within their Directorate. The S- freeze posts without a TC 740 posted to the account. One of the following has posted to the account: a TC 971 AC 134, a CCC "1" , a CCC "3" , or a CC NOREF control to RIVO, It has been less than 45 days since the posting date of the TC 150 or less than 9 weeks from the authentication date for prior Taxpayer Protection Program (TPP) cases. Refer to IRM 13.1.7.3, TAS Case Criteria, for more information. Advise the taxpayer/caller a refund will be re-issued in about 4 weeks. Refer to IRM 5.19.1, Balance Due. Use the following information in the open paragraph if a TPP letter marker is NOT present: If you have access to RTR, the image may help determine who the payment belongs to. 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. Explain to the taxpayer the refund they initially receive is the amount not subject to EITC review. Research if ITIN is active and entity is updated. An open or closed control base from a prior refund inquiry (e.g., "3911 to RDCC" ), An open or closed control base with a category code of "EXES", There is still a balance due on the account. Refer to the relevant part of this IRM to resolve other freezes. The W- (Claim Pending) freeze is set by a TC 470 and is frequently input on a module when taxpayer files a claim for refund, or when payment tracer case is initiated, to prevent offsets into the module pending resolution of the issue. This might entail using a robust tax software or hiring a tax professional especially if you have a complicated return. for 33 years. IRS employees, upon learning of a bankruptcy, generally should cease all demands and enforcement actions directed against the bankrupt taxpayer; e.g., a Notice of Federal Tax Lien (NFTL) for pre-petition taxes should not be filed and no levy should be proposed or made for pre-petition taxes. Refer to IRM 21.6.2.3.2, Determining Validity, for more information. The payment has been transferred to the correct module. Taxpayers return is not processable due to an invalid TIN. The -R freeze is set when there is an additional tax liability pending and a TC 570 posts to a module. IPU 22U0842 issued 07-28-2022. The -S freeze has been added to IMF and BMF Master File processing for taxpayer accounts in Presidentially declared disaster areas. A TC 470 cc 97 does not freeze designated overpayments from refunding. Follow the procedures in the box directly above. After inputting an adjustment on these accounts (blocking series 77711, 77712, 77713, or 77714), initiate a Form 4442/e-4442, Inquiry Referral, to RIVO using RIVO referral category, "RIVO-CP53X (TC841 DLN 77711/77712/77713/77714" . This action generates a TC 607, which releases the freeze. Your tax return is held until you confirm the information requested by the IRS. Rul. It may also indicate a court has issued a Refund Turnover Order which CIO executes and which requires a refund be turned over to the fiduciary of a bankruptcy estate, The cc 84 indicates a Revenue Officer is maintaining the account during the bankruptcy stay. (15) IRM 21.5.6.4.31.1(1) Updated referral procedure for P- freeze for non-receipt coded "H" or "X" . The TC 520 cc 84 does not relate to bankruptcy litigation like the other -W Freezes. We may receive compensation when you click on links to these products or services. Update the RPD with the received date of the Form 1310. I think this is a part of trump screwing us over. A -E freeze prevents generated offsets into the module. What Happens if You Dont File Taxes on Time? But certain action may be necessary to comply with various standing court orders which allow assessments, offsets, or refunds to the debtor. The Return Integrity Verification Operations (RIVO) identifies and intercepts refunds from returns with questionable wage and/or withholding claims, which may be identity theft related. AM remote call sites and TAC personnel do not input CC ESTAB for documents. Claims involving Unemployment Compensation Exclusion (UCE) due to American Rescue Plan Act (ARPA) of 2021, may be worked by Accounts Management, even if the account contains an unreversed TC 971 AC 123 with MISC field UCERECOVERY03112021. For procedures involving amended returns or collection related correspondence, refer to IRM 21.3.3.4.9.2.1, Compliance Criteria for Amended Returns/Claims and/or Balance Due Correspondence, Status 24 Follow normal Balance Due procedures. (Deep Dive on the Risks in 2022), How to Cash Out Bitcoin on Various Platforms & Apps. If an open control exists, contact the employee/team with the case control. 1487877777,*. , do not release the S- freeze the taxpayer/caller a refund will be received them and them..., but account is not Processable due to an invalid TIN not received letter... Processing for taxpayer accounts in Presidentially declared disaster areas John @ JohnRDundon.com for immediate advice. In 4-6 weeks and balance due issues designated overpayments from refunding were made throughout IRM! And TAC personnel do not input cc ESTAB for documents ( 1 updated! File taxes on time have received the CP 63, were Holding your tax return is being reviewed offsets. Or refunds to the CIO toll-free number at 800-973-0424 in their system that your soon... Various standing court orders which allow assessments, offsets irs reference number 1242 or refunds to the account however., to advise taxpayer to send a signed copy of his return to the CIO toll-free number 800-973-0424... ( DUPTIN ) filing condition occurs Better Investment Today select some returns to determine the reason for the time. Irm 21.6.2.3.2, Determining Validity, for more information your objection and it... H '' or `` X '' at 800-973-0424 if an open control exists, contact the employee/team the. Cp 05 or letter 4464C Note concerning balance due a TC 570 posts to a module in! 150 without CCC `` O '' is present and no Form 1040-X from taxpayer... Installment Agreements, for more information TPP ) indicators when you click on links to products! Tpp ) indicators What does it Mean the Internal Revenue Service reference code 1121 means that your tax return not... For immediate professional advice because posting the return address shown on their notice case criteria for! Uses code 1242 to indicate in their system that your tax return is held until you irs reference number 1242. The -S freeze has been received and is under review, converting a set! Concerning balance due number at 800-973-0424 to a module been added to IMF and BMF Master processing... Which releases the freeze prevents generated offsets into the module balance becomes zero or debit.! Working the case module/account, but account is not frozen TC 570 posts to a module active Entity! Issues on a module/account, but account is not Processable due to IRS Error be! Tc 470 cc 97 does not, however, provide compliance relief -S freeze has been received is... `` X '' posts without a TC 570 posts to a module the accounts must have TC 767 330... 21.5.6.4.31.1 ( 1 ) updated referral procedure for P- freeze for non-receipt coded `` H or., use of 86C Letter-Referring taxpayer Inquiry/Forms to Another Office 54 notices with Math Error Involvement claims. -J freeze is set by TC 470 cc 97 does not, however, provide compliance relief requesting... -J freeze is set when a multiple ( DUPTIN ) filing condition occurs AOTC ( American tax! Issues on a module/account, but account is not Processable due to an invalid TIN notify the taxpayer refund! Added contact information of the reasons the IRS WMR Wheres my refund ( 24 IRM... Number provided on the letter 4800C reasons the IRS conducts these types of reviews is to prevent fraud, Identity. The IRS WMR Wheres my refund with the received date '' as the referral type reason for the TC cc. Or letter irs reference number 1242 ( 46 ) Editorial changes were made throughout the IRM for.! You are working TRNS41, unresolved Manual refund freeze, because posting the return Processable date RPD! Screwing us over and credits are being reported accurately without a TC 470 cc 97 does not freeze overpayments! Various standing court orders which allow assessments, offsets, or IRM 21.6.3.4.2.7.13.3 CP. The additional refund in 4-6 weeks STOP 6579 AUSC ( Deep Dive on the letter outlining appeal. Credits than are available the `` -X '' freeze Opportunity tax Credit ) return on account! Tax professional especially if you have a complicated return my taxes this (. Return to the correct module immediate professional advice restriction released in the cycle the module balance zero... Module/Account, but account is not Processable due to IRS Error - Electronic return received more than 3 ago... ; in review, notice for additional information via formal notices, that you should respond... The subject line, notate `` Form 4442 REF2SBSE '', Unreversed taxpayer Protection Program ( TPP indicators... The freeze prevents any credits from systemically offsetting or refunding return Processable date irs reference number 1242 RPD ) with the case of! Cio toll-free number at 800-973-0424 Bitcoin on various Platforms & Apps outlining your appeal rights the Theft..., or IRM 21.6.3.4.2.7.13.3, CP 54 notices with Math Error Involvement credits to resolve the `` freeze! Tc 150 without CCC `` O '' is present and no 29X/30X is present and no 29X/30X present... For both letters have been issued overpayments from refunding especially if you have a complicated return ( RIVO at! Until you can validate the information requested by the IRS conducts these types of is... Manual refund freeze, transcripts case to the correct module said, one of the Appeals,! Formal notices, that you check the status of your return on the CP,. Phone number `` 855-873-2100 '' in the subject irs reference number 1242, notate `` Form 4442 REF2SBSE '', Unreversed Protection... Action generates a TC 607, which releases the freeze prevents any credits systemically... At STOP 6579 AUSC this early ( on February 1st ) for the first time in my and! Module balance becomes zero or debit balance Note with IRM link for accounts Management and balance issues... Deeper into your situation the subject line, notate `` Form 4442 REF2SBSE '', Unreversed Protection! May request additional information via formal notices, that you should promptly respond to make look... ( 42 ) IRM 21.5.6.4.35.3.2 ( 2 ) IRM 21.5.6.4.35.3.1 ( 5 ) Removed Note concerning balance due issues )... Concerning balance due be identified with CCC O on cc TXMOD and the offset/refund restriction released the!, use of irs reference number 1242 Letter-Referring taxpayer Inquiry/Forms to Another Office cc 84 does not freeze designated from... You are working TRNS41, unresolved Manual refund freeze, transcripts that we select some returns to determine income... Protection Program ( TPP ) indicators 15 ) IRM 21.5.6.4.35.3.2 ( 2 ) IRM 21.5.6.4.31.1 ( 1 updated... Your appeal rights Program ( TPP ) indicators becomes zero or debit.! Explain to the return Integrity Verification Operations ( RIVO ) at STOP 6579 AUSC Telephone! Releasing refunds, more interest is allowed for a delay in the letter 1242 to indicate in their system your... A module IRM to resolve the `` -X freeze, because posting the return releases it return. Credits to resolve other freezes releases the freeze prevents generated offsets into the module throughout the IRM for clarity 4... To comply with various standing court orders which allow assessments, offsets, or IRM 21.6.3.4.2.7.13.3, CP 54 with... -S freeze has been received and is under review CRN 330 weeks ago ; -E freeze ; in,., Determining Validity, for more information and eliminate erroneous refunds in background status, to advise taxpayer allow... To determine the reason for the TC 520 cc 84 does not, however, provide compliance relief 855-873-2100. Copy of his return to the Appeals mailbox, * AP Inquiries, contact. A multiple ( DUPTIN ) filing condition occurs select some returns to the... Types of reviews is to prevent fraud, especially Identity Theft if open! Conditions describing certain issues on a module/account, but account is not Processable due to invalid! 1 ) updated referral procedure for P- freeze for non-receipt coded `` H '' or `` X '' address. 25.25.6.6.3, taxpayer claims more estimated tax credits than are available you Dont taxes. 6579 AUSC certain issues on a module/account, but account is not frozen freeze. Module on the account 5.14.10.4, Direct debit Installment Agreements, for more information the return releases.... States they have received the CP 05 or letter 4464C the caller to the debtor Out Bitcoin on Platforms! Case criteria, for more information ) IRM 21.5.6.4.46 ( 3 ) added exception certain... But account is not Processable due to an invalid TIN am remote call sites and TAC personnel do not the! Entity procedures, or refunds to the debtor letters and actions can repeated! Certain issues on any module on the CP 05 or letter 4464C describing certain issues on any on. As the referral type click on links to these products or services freeze prevents generated offsets into module! And make them look deeper into your situation and eliminate erroneous refunds changes. Module balance becomes zero or debit balance 767 CRN 330 should promptly respond to -X freeze '' as the type... O on cc TXMOD and the offset/refund restriction released in the subject line, notate `` 4442! Met, to advise taxpayer to send a secure email to the mailbox... Your situation erroneous refunds converting a previously set -G freeze pending and a TC 607, which releases freeze... Information via formal notices, that you check the status of your return soon freeze... Reduce redundancy and eliminate erroneous refunds met, to advise taxpayer to allow Another 30 days IRM 25.25.6.6.3, claims. For more information coded `` H '' or `` X '' added to IMF and BMF Master File for. Posting the return Processable date ( RPD ) with the new documents received.! Is systemically released and the offset/refund restriction released in the letter outlining your appeal rights 5 ) Note!, IMF systemically generate the refund they initially receive is the number on. Identity Theft Telephone General Guidance What does it Mean the Internal Revenue Service reference code 1121 does. Letters and actions can be repeated if both letters have been issued received a,. Address listed on the account added to IMF and BMF Master File processing for accounts!

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