Why does my refund status say take action?

Refund Status Result Take Action. We have received your tax return and it is being reviewed. You will receive a notice from us requesting additional information within 30 calendar days. You may not receive all or part of your refund until we receive and review the information we requested.

Why is my refund frozen?

You need to file an old return: When the IRS pursues back tax returns, the IRS can freeze any refunds you may be due until you file the old return. If you owe taxes on the old return, the IRS will take that amount out of your current-year refund.

What triggers IRS Identity Verification?

In response to the increasing tax-related identity theft problem, the Internal Revenue Service (IRS) is monitoring tax returns for signs of fraudulent activity. When the IRS suspects a return is fraudulent, the agency will request identity verification from the person whose name and address is listed on the return.

How many times can you check your refund status a day?

“Where’s My Refund?” is updated no more than once every 24 hours, usually overnight, so there’s no need to check the status more often.

Why is the IRS holding my refund 2020?

There are many reasons why the IRS may be holding your refund. You have unfiled or missing tax returns for prior tax years. The check was held or returned due to a problem with the name or address. Your refund was applied to a debt you owe to the IRS or another federal or state agency.

Why is my 2020 refund taking so long?

What’s Taking So Long? If you don’t receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit.

Why did I get an identity verification letter from IRS?

The IRS sends these identity verification letters to taxpayers after receiving an e-filed/paper-filed tax return, before processing a refund. Sometimes this is to randomly verify identification as a measure to prevent identity theft and to test and strengthen IRS internal controls.

Does it really take 9 weeks after identity verification to get refund 2021?

If we successfully verify your identity, we’ll process your tax return. It will take up to 9 weeks to receive your refund or credit any overpayment to your account.

What does IRS reference number 1242 mean?

“The code 1242 refers to the dependency exemption…”. The code 1242 refers to the dependency exemption. The IRS will contact you in regards to which documentation and additional proof they need. If you had claimed a dependent on your return you will need to be prepared to show proof.

What is IRS reference number 1242?

Reference number 1242 simply refers to the dependency exemption. Wait for further notices from the IRS, if there`s any. If everything went well and all proofs sent, you should have your refund within 21 days.

What does IRS refund mean?

A tax refund is a refund on taxes paid to an individual or household when the actual tax liability is less than the total amount of taxes paid during the tax year. A tax refund also results from a refundable tax credit that reduces a taxpayer’s bill below zero.