
Dhs 1121 2015-2025 Form
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People also ask 1121 form
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What is code 1121?
It means that the electronic processing system identified an issue that needs to be resolved. It could be anything like the IRS cannot verify your income or credit or missing prior years returns. Code 1121 does not automatically mean you are audited.
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What does 1242 tax code mean?
A CP05 notice referencing number 1242 means that your tax return is under review, and the IRS needs additional time to verify income and other tax documents, credit eligibility, or other return-related items.
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Does delay in tax refund mean audit?
It's natural to think the worst when your tax refund is delayed, but don't jump to the conclusion that you're getting audited. Fewer than 1% of tax returns get audited each year, so your chances aren't so high. It pays to check up on your refund to see what's going on.
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What does 1121 mean in a tax return?
Error Code 1121. I you checked on your refund using the IRS's Where's My Refund feature and received Error Code 1121, you will simply need to wait for the IRS to process your refund. The agency may or may not contact you for more information, depending on what it finds in its review. In the Process of Review.
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Why does my tax return say minus?
In the above example, tax credits, withholding credits, credits for interest the IRS owes to a taxpayer, and tax adjustments that reduce the amount of tax owed, are shown as negative amounts on the tax account transcript.
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What does reference number 1121 mean to the IRS?
Error Code 1121. I you checked on your refund using the IRS's Where's My Refund feature and received Error Code 1121, you will simply need to wait for the IRS to process your refund. The agency may or may not contact you for more information, depending on what it finds in its review. In the Process of Review.
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