What does code 152 mean from the IRS?

What does code 152 mean from the IRS?

What is Tax Topic 152? Topic 152 is a generic reference code that some taxpayers may see when accessing the IRS refund status tool. Keep in mind this tax topic doesn’t mean you made a mistake or did anything wrong when filing. It simply means your return is being processed and has yet to be approved or rejected.

Is tax Topic 152 a bad thing?

Is IRS Code Tax Topic 152 Good or Bad Thing? No. IRS code 152 and tax topic 152 is not a bad thing. That IRS tax code only means your tax return is being processed.

Does tax Topic 152 mean Im getting a refund?

Usually when you receive the topic 152 message you will receive your tax refund within the next 10-14 days. Topic 152 is a code that the IRS uses to tell the status of each group of refunds. 151 says you are under an audit. 160 says that your refund has been deposited.

Does tax Topic 152 mean direct deposit?

Tax Topic 152 is generic payout information generally seen if you have chosen direct deposit of your funds. Your message simply means you are being processed.

Does Topic 152 mean audit?

Does tax Topic 151 mean audit?

Tax Topic 151 means your return is under review. There are numerous reasons the IRS may review your return including but not limited to credit claims such as Earned Income Credit or the Education Credits.

Does Tax Topic 152 mean direct deposit?

What is Topic 151 your appeal rights mean?

It sounds like you received and letter from the IRS proposing an adjustment to your tax return. First you need to determine if the IRS is correct. This is often the case due to not including a W-2, or a 1099-DIV, etc. that you may not have received in the mail.

What is the difference between tax Topic 151 and 203?

203 still means partial refund 151 is when they take your whole refund.

Does tax Topic 151 mean I’m getting my refund?

You may receive a tax topic 151 letter in lieu of a full tax refund, or any refund at all. If you’ve received this notice, it means that your tax refund is either being reduced or withheld entirely by the Department of Treasury so that they can use it to pay for things that they believe you owe.

What is a TCS refund?

When the IRS processes your refund and on the transcript you see TCS TREAS 449 for TAX REF that means the following: “If your client’s refund is less than expected and you see a coinciding TCS TREAS 449 offset, this means that the tax payers refund has been reduced to repay a debt collected through the Treasury Offset …

What does topic 152 mean with the IRS?

Topic 152 is purely informational. It shows up when the IRS has pulled your return and it’s in progress. When they’ve finished, your status will change to approved and an estimated direct deposit date will populate on WMR.

What does tax refund topic 152 mean?

Tax Topic 152 means you’re getting a tax refund. That’s it! The IRS has given guidelines this year that 90% of tax filers should receive their refund within 21 days of filing. The IRS works weekends during tax season, so it’s 21 days, not “business days”.

What does income tax refund code 152 mean?

Tax Topic 152 means that the IRS needs additional time to process your return and issue a refund. This means there is a delay in your refund, but no reason you would not receive it.

What is 152 tax topic?

​Tax Topic 151 means that you’re getting a tax offset, which is where the Department of Treasury will be taking your refund to pay for something you owe. The most common reasons for getting a tax offset are unpaid taxes, unpaid child support payments, and offsets for Federal student loans in default.