Tax Topic 152 Good Or Bad 2024 | What does tax Topic 152 mean
Tax Topic 152 Good Or Bad 2024 | What does tax Topic 152 mean. These are documented in tax codes used to process returns, manage mistakes. Although Topic 152 doesn’t require the taxpayer to take additional steps, your return may require further review and it could take longer than the typical 21 days.
Tax Topic 152 is an IRS reference code that some taxpayers may see when checking the status of their refund using the IRS’ ‘Where’s My Refund?’ tool. Topic 152 is more of a catch-all/informational message about your refund processing timetable, and it doesn’t need the taxpayer to take any extra steps.
If you’re filing an injured spouse claim, amending your return, or claiming a refund of tax withheld, your return may be held for more than 21 days. Once processing has progressed or an issue has been detected, the focus will shift to one of several other possible tax topics. If you see Topic 152, you may also get a message that reads, “We apologize, but your return processing has been delayed beyond the normal timeframe.
The Differences in Topic 152 and 151?
When you visit the WMR website or use the IRS2Go mobile app, you might get a notification telling you to look up IRS Tax Topic 151 or 152 about your return.
- Tax Topic 151 simply implies that you are receiving a tax offset, which may result in a smaller refund than you anticipated. You will receive an official IRS letter/report detailing the exact offset and adjustments to your tax return and how to appeal this action.
- While Tax Topic 152 indicates that you will get a tax refund following IRS processing criteria (usually within 21 days) and that this communication will confirm the payment methods.
What does tax Topic 152 mean on Where’s My Refund?
One of the more common questions refers to Topic 152, and this simply means that you are going to get a refund. The IRS has said in their guidelines that 90% of tax filers should get their refund within 21 days of filing this year, and it’s worth bearing in mind that these are normal days, not ‘business days’.
When Do I Receive My Check When Direct Deposit is Delayed or Refused?
People occasionally change their bank accounts after filing their tax returns or enter inaccurate account numbers. When the IRS is unable to transmit by direct deposit, they will issue a paper check. Although this will cause a delay in your return, the actual IRS processing time for a paper check is only two days longer than for direct deposit. Paper checks are normally mailed on Fridays, and you should get them the following Friday or sooner.
When Should I be Concerned after Reading Tax Topic 152?
If the Tax subject turns to 151, it indicates that your return is being audited. While audits are frightening, they are done at several levels, and for most people, an audit simply means that an IRS agent will hand verify your return and give you a letter with errors, modifications, or a payment request.
Tax Issue 148 is the one tax topic you don’t want to see because it could create a large delay in your return and the potential refund. This issue indicates that the tax filer has been placed on an IRS fraud alert and will be subjected to an audit followed by an Identity Fraud investigation. To get this taken care of, you’ll need to contact the IRS.
What Do I Do If My Tax Return is Taking a Long Time?
There are two main reasons why the processing of your tax return takes longer than planned. Either something is wrong with your tax return filing:
- Such as insufficient data, additional Identity fraud/verification (details below), inaccurate social security numbers, or information from related sources (employer, ex-partner).
- Information from related sources (employer, ex-partner) does not add up.
To find out the official status of your refund, use the IRS tax tool, where’s my refund (WMR), or the IRS2Go smartphone app (see estimated IRS refund schedule). It is updated every day. Even if all of your documentation has been presented, you should usually wait at least 21 days before initiating more drastic measures.
Reasons Why Your Tax Return Can Be Delayed Aside Topic 152
According to the IRS, there are some other reasons why your return may be delayed:
- Amended returns necessitate additional, manual processing, which might cause reimbursements to take up to 16 weeks to arrive.
- You filed a claim on behalf of your spouse who was harmed.
- Individual taxpayer identification number (ITIN) applications are attached to refund claims.
- Some people have had their refunds not deposited when using a pre-paid card for the first time and using a middleman bank (SBBT, Republic, Bofi, etc.). This is because the middleman bank does not test deposits to ensure the account is active and correct.
- Documentation or information in your return that is missing or incomplete (most online tax filing software checks for this, but manually filed returns are more at risk).
- Additional or periodic safety checks – especially if your filing has been linked to fraudulent activity in the past.
- Incorrect bank account numbers or bank account numbers on your return.
Tax topic 152 no bars 2024
This is a technical error that occurs when the IRS website becomes overburdened with traffic and is unable to accept requests. If your tax Topic 152 no bars 2024 or is likely stuck in a bar or your entire bar disappears, don’t stress or develop a headache because it signifies nothing and you will receive your refund with or without a bar.
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