Web the 1242 code suggests the return was selected for examination. They should send you a letter explaining. Look for a cp75 notice in the next 45 days. Iv called over and over and no where did anyone ask for a reference number or anything to the. I have no idea when you will receive the notice from the irs. This code means that the irs froze your account while they are waiting for additional information. Web june 6, 2019 7:31 am. Web the 1242 code suggests your return was selected for examination. Web according to the irs manual, code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. This code means that the irs froze your account while they are waiting for additional information.
Web tax topic 151 and the code 1242 suggest your return is being audited. Web the code 1242 indicates that the irs will be asking for proof of the dependent. Iv called over and over and no where did anyone ask for a reference number or anything to the. Web a loss is on stock in a small business investment company operating under the small business investment act of 1958, and. Web irs reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third. Web according to the irs manual, code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. Web june 6, 2019 7:31 am. Web the 1242 means they are going to need something from you like proof of a birth certificate on a dependent or foster care papers etc. (2) such loss would (but for this section) be a. This code means that the irs froze your account while they are waiting for additional information. Web what does it mean when it says to use reference number 1242 when u call.
