What Is 1242 Irs Code. Web what is reference 1242 mean? Web treasury regulations—commonly referred to as federal tax regulations—provide the official interpretation of the irc by the u.s.
Iv called over and over and no where did anyone ask for a reference. Web a code 1242 is a common code for an irs error. Web the code 1242 indicates that the irs will be asking for proof of the dependent. (1) a loss is on stock in a small business investment company operating under the small business investment act of 1958, and. This code means that the irs froze your account while they are waiting for additional information. Revocation of being taxed as a small business. This code means that the irs froze your account while they are waiting for additional information. Web for vacation homes that are classified as rental properties, you must allocate mortgage interest, property taxes, and other expenses between rental and personal use,. A master file entity was created from your return and tax liability. 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 irs reference number 1242 indicates a discrepancy and the account is frozen pending review of supporting documentation from the taxpayer or third. A master file entity was created from your return and tax liability. Iv called over and over and no where did anyone ask for a reference. (2) such loss would (but for this section) be. What does it mean when it says to use reference number 1242 when u call. This code means that the irs froze your account while they are waiting for additional information. Revocation of being taxed as a small business. Web senior tax advisor 4. Web treasury regulations—commonly referred to as federal tax regulations—provide the official interpretation of the irc by the u.s. I have no idea when you will receive the notice from the irs. What does the irs code 1242 mean.
