Reference number codes are how 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
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 remain frozen in the IRS’s system until the review。
What Does Tax Topic 151 and Reference 1242 Mean? If you see these numbers on the IRSs website, it means that the IRS has selected your tax return for a review, and if you。
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