Quick Answer: Is Tax Topic 152 A Bad Thing?

What does code 152 mean?

Refund InformationTopic Number 152 – Refund Information: It simply means that your e-filed return is being processed and that the government hasn’t approved or rejected it yet.

Sometimes return status does not update for several days or even longer..

What does code 152 mean from the IRS 2020?

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.

Why does my refund status say still processing?

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.

Why my taxes say still processing?

One reason for this is because the IRS may still be making changes to their processes. That could include updated security measures or process tweaks due to changes in the tax code. And if the IRS needs to update or make changes, it probably won’t make them until just before tax time.

How long can the IRS hold your refund for review?

60 daysIf you provide the information the IRS requested, the IRS should correct your account and resolve the refund issue (generally within 60 days).

When your bars disappeared on WMR?

Help! Per the IRS, the WMR tracker graphic may disappear or not be shown if your return falls under IRS review after it is received (Status Bar 1: Return Received) because additional information is needed for your return.

Is the IRS holding refunds for 2020?

Congress passed a law last year that requires the IRS to HOLD all tax refunds that include the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) until February 15, 2020, regardless of how early the tax return was filed.

Does IRS update on Saturdays?

Absolutely. WMR only updates once every 24 hours though. If you check it more than 5 times in a day, it actually kicks you out until the following day.

What does code 570 mean?

Additional Liability PendingTax Code 570 is just a hold for processing. … It will just take a little longer for your tax return to be processed. Code 570: Additional Liability Pending/or Credit Hold – Per IRS Transaction Codes. The IRS is in the process of matching forms they received from you and the ones you reported.

What does it mean when your Tax Topic 152 disappear?

Tax Topic 152 simply means your return is still in the processing stage and topics and bars disappearing mean the process is moving along.

Is Tax Topic 151 bad?

Tax Topic 151 simply means that you’re getting a tax offset (see above) which may result in your refund being less than you expected. … While not great news, the silver lining here is that the IRS has processed your return and your adjusted refund (where applicable) should be on its way.

Why did my refund status bar disappeared 2020?

WHERE’S MY REFUND STATUS BARS DISAPPEARED This has to do with the irs.gov where’s my refund site having too much traffic and lagging. This is causing images not to display and information about your federal tax return to not show up. This has happened every year since the tool was first available.

What days does the IRS issue refunds?

The IRS expects the first EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by the first week of March, if they chose direct deposit and there are no other issues with their tax return. Check Where’s My Refund for your personalized refund date.

Does Tax Topic 152 mean refund soon?

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.

Is the IRS still processing refunds?

As of an Aug. 31 update, the IRS states online: “We’re experiencing delays in processing paper tax returns due to limited staffing. If you already filed a paper return, we will process it in the order we received it. Do not file a second tax return or contact the IRS about the status of your return.”

Does Topic 152 mean audit?

IRS Tax Topic 152 is just their basic message indicating a return is being processed. Since you had an IRS audit I would contact the IRS auditor and and ask about the status of your return and any adjustments made as this will affect the timing and amount of your refund. … This interest is taxable.

Should I Worry About Tax Topic 152?

When you see the “Refer to Tax Topic 152” message it means your refund is being processed and the IRS is directing you its generic refund page for more information. There is not much you can do but wait to see if the IRS finds any issues or requires further verification of your identity or items in your tax return.

Is Tax Topic 151 an audit?

If you have 151 “take action” it usually means an offset. If you have 151 but DON’T have “take action” that means you’re being audited for things you claimed such as head of household, earned income credit, dependent credits, etc… You’ll be asked to send in proof of residency.

How do you know you’re being audited?

In most cases, a Notice of Audit and Examination Scheduled will be issued. This notice is to inform you that you are being audited by the IRS, and will contain details about the particular items on your return that need review. It will also mention the records you are required to produce for review.

What does a refund date will be provided when available mean?

“A refund date will be provided when available.” It means EXACTLY what it says!! … They’re processing your return and when they’re done they’ll post the date your refund will be available, or a message about a problem with your return.