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.
Should I Worry About tax Topic 152?
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. There should be no cause for worry.
Why does it say your tax return is still being processed a refund date will be provided when available?
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website. Millions of taxpayers have not yet received there federal tax refunds.
Is Topic 152 a bad thing?
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.
Does Topic 152 mean audit?
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 still being processed mean audit?
If my refund on the IRS website says still processing does it mean I will be audited? There’s absolutely no reason to necessarily think that you’re under review or that an audit is pending, so please don’t worry. The “processing” message you see is perfectly normal. In fact, the messages and bars on the IRS.
Why is it taking so long for my refund to be approved?
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.
Is there a difference between still being processed and being processed?
Processed means exactly what it is being processed if it switches to still being processed is completely different. They found something that didnt add up. A mistake or further review for a variety of reasons. You should get a letter but it would be best to call them because it could take.
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.
What is a section 152 dependent?
Section. 152(a) provides that the term “dependent” means a “qualifying child” (as defined in. Page 2. 2. section 152(c)) or a “qualifying relative” (as defined in section 152(d)).
Who do I call about my tax refund after 21 days?
You can call the IRS on 1-800-829-1040 between 7 AM – 7 PM local time Monday-Friday.
Does tax Topic 151 mean I’m getting my refund?
Tax Topic 151 simply means that you’re getting a tax offset (e.g. due to stimulus payments) which may result in your refund being less than you expected.
Why are IRS refunds so late?
Late tax refunds The National Taxpayer Advocate report indicated that most of the backlog is due to the COVID-19 pandemic restricting employee access to IRS facilities, meaning IRS employees were working from home.
What does still being processed mean IRS?
The IRS will issue most refunds in less than 21 calendar days. Your tax return is incomplete. This could mean that all of the necessary forms were not sent to the IRS for processing. Your return has been flagged for identity theft or fraud.