if you call irs they will not tell you the problem they will telL you there is nothing wrong with your taxes but common sense will tell you it is a RED FLAG.........
if you call irs they will not tell you the problem they will telL you there is nothing wrong with your taxes but common sense will tell you it is a RED FLAG.........
I got this code on the "where is my refund" on IRS.GOV when I checked to see what date I should expect my return. I had already had my refund "Accepted" according to Turbo Tax but when I checked this am it said there has been a delay and to call the IRS and give reference code 1541. I called IRS and they are saying I am having my refund looked into for alleged unreported income from 2011. They didn't say much else except they will be in touch. I would assume if you get this code you are being looked into for one reason or another. Hope this helps.
what is the 1121 code
A code 1242 is a common code for an IRS error. This code means that the IRS froze your account while they are waiting for additional information.
IRS tax code 826 means that IRS tax refund will be offset to another year. This happens when there are back taxes owed.
IRS code 152 means that you had filed an accurate return. It means your refund is in the process of being fulfilled.
The IRS reference number means that they are source codes when people get certain errors after filing tax returns. Some of the IRS reference numbers are 1541 refund froze, 1301 return was filed late, and 8001 computer failed to authenticate information.
Just means there is an offset that maybe you forgot to add something the year before or they were done incorrectly so they will fix it and if you are due a refund they will take any money due from it and you will receive the rest if there is any left to receive
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'.
The IRS code 1121 refers to a specific error or issue related to tax filings, often indicating a problem with a taxpayer's account or return. It typically suggests that the IRS is unable to process a return due to discrepancies or missing information. Taxpayers receiving this code should review their filings for accuracy and may need to contact the IRS for clarification or resolution.
To find your IRS business code, you can use the search tool on the IRS website or refer to the list of business codes provided by the IRS. The business code is used to classify the type of business you operate for tax purposes.
The IRS tax code consists of approximately 2,600 pages.