I'm not sure...but that code section deals with alternative minimum tax for corporations if that helps.
they gave me code 1301 what does it mean
The IRS assigns reference codes, for example, for the status of refund problems. According to the Internal Revenue Manual, reference code 1201 means 'all other conditions not covered by a status code'. Upon being given this code by an inquiring taxpayer, the IRS agent is directed by the Manual to 'conduct account analysis'.
"All other conditions not covered by a status code" according to the Internal Revenue Manual. The agent is directed to conduct an account analysis.
"Refund delayed, pulled for review, within 7 cycles" per the Internal Revenue Manual.
Code 1201 is an administrative code that means there is a delay in processing your return. While your return was selected, something triggered a desk audit, and is an IRS agent will review it. In most situations it causes one-two weeks of an additional processing time to get your refund. According to the IRS, 1201 is a "catch all" code when no other code applies. It was generated by the computer so if you call IRS - the agent might not know what exactly triggered the review. It may be random selection as well. This is not an error and not an audit - this is normal IRS process - the assigned IRS agent will review your return and in most situation it will be processed without any problem. I do not think that you need to worry at this moment - just wait couple weeks and see if the problem resolved.
they gave me code 1301 what does it mean
The IRS assigns reference codes, for example, for the status of refund problems. According to the Internal Revenue Manual, reference code 1201 means 'all other conditions not covered by a status code'. Upon being given this code by an inquiring taxpayer, the IRS agent is directed by the Manual to 'conduct account analysis'.
"All other conditions not covered by a status code" according to the Internal Revenue Manual. The agent is directed to conduct an account analysis.
"Refund delayed, pulled for review, within 7 cycles" per the Internal Revenue Manual.
16 CFR 1201 c. 11. is a reference to Code of Federal Regulations (CFR) Part 1201, etc. You can find the specific volume in a library.
$.12.01
Code 1201 is an administrative code that means there is a delay in processing your return. While your return was selected, something triggered a desk audit, and is an IRS agent will review it. In most situations it causes one-two weeks of an additional processing time to get your refund. According to the IRS, 1201 is a "catch all" code when no other code applies. It was generated by the computer so if you call IRS - the agent might not know what exactly triggered the review. It may be random selection as well. This is not an error and not an audit - this is normal IRS process - the assigned IRS agent will review your return and in most situation it will be processed without any problem. I do not think that you need to worry at this moment - just wait couple weeks and see if the problem resolved.
According to the Internal Revenue Manual, IRS reference code 1221 has a status description of 'Refund delayed, pulled for review, within 7 cycles'. The IRS agent is directed to 'conduct account analysis'. The Internal Revenue Manual is available online at the IRS website, www.irs.gov/irm. The reference codes are available under the Refund Research Section at 21.4.1-4 Internet Refund Fact of Filing Reference Codes.
IRS code 152 means that you had filed an accurate return. It means your refund is in the process of being fulfilled.
IRS tax code 826 means that IRS tax refund will be offset to another year. This happens when there are back taxes owed.
Error code 9001 indicates that you may have made an error in entering your Social Security Number/TNN number OR that the number you entered did not match the number on the tax refund on record.
"Reference Code for all math error conditions" according to the Internal Revenue Manual. The agent is directed to analyze the account and act accordingly.