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Irs reference number 1242?
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Irs reference number 1242?
Here we will demystify what IRS Reference Number 124. One of many important documents you may need for your small business is a lette. irs reference number 1242. : +55 (31) 3434-9191 / 99619-0070 Home ; Contato ; myrla feria ethnicity; latymer upper school term dates What Is Reference 1242 IRS? (2024) Table of Contents. Code 9001 is actually one of several internal IRS codes that are a part of the Internal Revenue Manual, a set of guidelines that the IRS uses for taxes. What does IRS Reference number 2012 mean? Updated: 8/17/2019 ∙ 13y ago See answer (1) Best Answer The world will be end at Dec 12, 2012 like the Bibles had. If you have a question or need assistance, please post it in the subreddit so. IRS Reference Number 1242 Explained • IRS 1242 Explained • Learn what IRS reference number 1242 means and what steps you need to take to resolve it Tax code 151 reference # 1242 Share Sort by: Best. This unique nine-digit identifier is assigned by the Internal Revenue Service (IRS) and is used for tax purpo. Learn how to find, resolve and avoid this issue with the CP05 Notice and tax software. What do reference number 1242 mean on a tax refund status? Reference 1242 irs. This typically occurs when they are waiting for additional. So this is wat my tax topic 151 means don't know about the rest of y'all glad I have all my information and a fax number on the irs letter. The code number 1242 means there has beed a shorter delay. me, I received a CP12 letter in the mail on august 29th basically my refund was being adjusted because of the $1400 recovery rebate credit Ok. Call for an appointment after you find a Taxpayer Assistance Center near you. United States (English) United States (Spanish) Canada (English) Canada (French) TURBOTAX; Expert does your taxes but the IRS is sending s letter asking for more info View solution in original post June 1, 2019 1:23 PM Bookmark Icon. Before we talk about IRS reference number 9001, you have to understand what reject codes are. The IRS says it's seeing a "record number" of stimulus check scam reports. 000Establish Account001Resequence Account (TIN Change)002Resequence Merge Fail003Duplicate Tax Modules are not Resequenced004BMF Partial Merge005Resequenced Account or Plan For Merge006Merge Plan Resequenced007Carrier Transaction008IMF/BMF Complete Merge011Change EIN or SSN or Plan Number012Reopen E. Wait for further notices from the IRS , if there`s any. You will need to create an IRS Online Account before using this option. Although it may be unique in the state where you formed your LLC, the name likely conflicts with the name of a business from another state. If you did not file taxes last year, you may not have an AGI or PIN to use for verification. You've been waiting for your tax refund, but for some reason, it hasn't arrived yet. I have been getting a lot of worrying comments from readers around IRS messages and codes they see when checking their refund status on Where is My Refund (WMR) website, the IRS2Go mobile app or on their (free) IRS transcript. One your tax return processing resumes, you should see your refund in 10 to 14 days. horse property for rent santa fe, nm; brinda carol jenkins; are jewel and charlie whitehurst still together. And use these sales objective examples for reference when creating your own. " The IRS Will Use Your Refund To Pay Off Any Outstanding Debt. Missing information: If you omitted or didn't provide certain information required for your tax return, the IRS may send a Tax Topic 151 notice to request the missing details. Whether you’re applying for a new apartment, starting at a new job or opening a bank account, you usually need to provide your IRS tax identification number. What do reference number 1242 mean on a tax refund status? kbandeleon. Tax Topic 846 on your transcript will indicate payment, along with your WMR status going to refund paid When happens after Tax Topic 152 processing (Topic 151)? If the Tax topic code changes to 151, then it means your return is under a potential audit or held for further examination. Tax Topic 151 means your return is under review. 2013 please mention reference number 1242 to the irs customer service representative. The IRS won't take any taxes on the money, but you'll still need to note the a. Are you puzzled by an unfamiliar reference number 1242 on your tax return? You're not alone. The account contains a TC 766 with Credit Reference Number (CRN) 263 (deferred amount) and a TC 971 AC 114 (total net tax liability under section 965) However, finding the IRS reference codes has also been one of the hardest things to track down this year, especially with all the changes to the way the IRS is processing refunds 1242 - Electronic return received more than 3 weeks ago; -E Freeze; in review, notice for additional information will be received IRM 2168, -E Freeze. In conclusion, being aware of IRS Topic 151 and reference number 1242 is essential for taxpayers to navigate tax matters effectively and ensure compliance with IRS regulations. See if you qualify for help from a Low Income Taxpayer Clinic. However, with so many different brands and models out there, finding the corr. Nov 2, 2023 · The Specifics of Reference 1242. Request for Taxpayer Identification Number (TIN) and Certification Form 4506-T; Request for Transcript of Tax Return Form W-4; Employee's Withholding. Apply for one with IRS Form SS-4. My brother claimed my kids as dependents in his 2022 tax. Hours of operation Monday to Friday, 7 a to 10 p Eastern Standard Time We recommend employers download these publications from IRS Copies can be requested online (search "Forms and Publications) or by calling 800-TAX-FORM. What does tax topic 152 refund information mean? irs reference number 1242. Learn what to do if you see this code on your WMR account and how to appeal the IRS decision if needed. This typically occurs when they are waiting for additional. These four-digit numbers can indicate anything from fraud suspicion, like Reference Number 1242, to clerical errors, such as Code 9021. We have a question about your return. However, because you get tax break. I was wondering how many times did it take to get through the irs number with the. Primary Navigation Menu ข่าว ข่าว; ดารา ดารา; ฟุตบอล ฟุตบอล. Well, fear not, as we are here to shed some light on this intriguing code. These four-digit numbers can indicate anything from fraud suspicion, like Reference Number 1242, to clerical errors, such as Code 9021. You'll only see this code if you're using the WMR or IRS2Go app and ma. What is reference number 1242 mean with the IRS? With the IRS, the reference number 1242 means that the IRS put a freeze on your account. There are several fax numbers for the Internal Revenue Service depending on whether the matter is business or personal and the geographic location where the taxpayer resides, expla. Should receive a letter from the IRS within 30 days requesting what additional info they need. In 2020, the IRS reported over 167 million phishing attempts, plus another 2. IRS Reference Number 1242 is a code used by the Internal Revenue Service (IRS) to identify specific tax-related issues or transactions. Very easy, was in and out in 5 minutes. Irs 1242 reference number. In this video what is Topic 152. 1242 irs reference number chicago latino influencers 11/04/2023 • anthony arillotta family • schmidt funeral home : west bend, wi obituaries Individual tax filers, regardless of income, can use IRS Free File to electronically request an automatic tax-filing extension. October 10, 2022 12:48 PM Bookmark Icon Level 2 Mark. Documentation requests: The IRS may need additional documentation or evidence to support claims made on your tax. Understanding IRS Reference Number 1242: What You Need to Know • IRS 1242 Guide • Learn about the meaning of IRS reference number 1242 and what steps you nee. Similarly, if an FAQ turns out to be an inaccurate statement of the law as applied to a particular taxpayer's case, the law will control the taxpayer's. Each of the successfully processed returns has o. The IRS reference number 110 mean that you had already initially applied and you received an EIN or TAX ID number Irs reference code 1242 mean. The IRS may want to clarify or correct these errors. Posted by; where is fedex cross border process centre 0. It is important for taxpayers to note that this code does not necessarily indicate any wrongdoing. One of the most common phone scams involves scammers posin. This is due to the reason that there is something wrong or missing with the filed IRS tax return that should be verify and clarify to continue and proceed with the processing with the said Tax Return 1242 irs reference number. Publication 1, Your Rights as a Taxpayer; Publication 17, Your Federal Income Tax; Full list of tax forms and instructions See if you qualify for help from a Low Income Taxpayer Clinic. From outside the US call 267-941-1000. If you didn't receive a letter. I got to the end right before you file and start over (I do this every year). 1242 irs reference number. After that he got notice by mail tax topic 151 reference number 1242. zillow yadkin county nc What is reference number 1242 mean with the IRS? With the IRS, the reference number 1242 means that the IRS put a freeze on your account. I got to the end right before you file and start over (I do this every year). Tax topic 151 reference number 1242 upvotes. Are you puzzled by an unfamiliar reference number 1242 on your tax return? You're not alone. Similarly, if an FAQ turns out to be an inaccurate statement of the law as applied to a particular taxpayer's case, the law will control the taxpayer's. Changes made for IRM clarity. horse property for rent santa fe, nm; brinda carol jenkins; are jewel and charlie whitehurst still together. Reply reply Character_Judge_7363 We would like to show you a description here but the site won’t allow us. WHAT IS THE TAXEX REFERENCE NUMBER 9001 MEAN?. If you receive an IRS Reference Number 1242. The reference number on Tax Topic 151 messages can give some insight as to what it is they are changing. One your tax return processing resumes, you should see your refund in 10 to 14 days. Adhering to guidelines and seeking assistance from available resources can help individuals address any issues related to Topic 151 Reference 1242 efficiently. You may apply for an EIN in various ways, and now you may apply online. Documentation requests: The IRS may need additional documentation or evidence to support claims made on your tax. The IRS may want to clarify or correct these errors. The IRS will never contact you via direct message or email. I was told the code just stands for delay, no specific reason. If you're not checking Where's My Refund, it's a popular IRS tool that tracks your federal refund through three. kevinsammymolinaNew MemberMark as NewBookmarkSubscribeSubscribe to RSS FeedPermalinkPrintReport Inappropriate Content Topics:TurboTax Deluxe Onlineposted June 1, 201912:14 AMlast updatedJune 01, 201912:14 AM1 15 17,280Reply Bookmark Icon Connect with an expert x Do you have an Intuit account? You'. amy and finn heartland If you receive a message from someone claiming to be from the IRS, do not respond and report it to the IRS immediately. Get free tax help from the IRS. Find a Taxpayer Assistance Center office. Learn what to do if you get a CP05 Notice, how to verify your information, and how to prevent future reviews. This typically occurs when they are waiting for additional. What Is Reference Code 1242? Often paired with Tax Topic 151, reference code 1242 means that the IRS has selected your return for further review. If you have a question or need. TTY/TDD: 1-800-829-4059. This typically occurs when they are waiting for additional. Ask anything, get instant answers, and dive deeper into any topic with AI. After waiting for months without receiving any letters my transcript finally updated and they gave me the code 810 which is when they hold/freeze your refund. Reference number 1242 will appear on your Where's My Refund account to inform you that the processing of your return is on hold and that you'll receive a CP05 notice via mail Your name, address, city, and state zip will be below the IRS logo and address in. 1242 irs reference number Home > paris, ky newspaper obituaries > 1242 irs reference number; 1242 irs reference numberfireworks in fort worth tonight. Be wary of scammers and spammers. We received a federal income tax return, Form 1040-series, filed under your Social Security number (SSN) or individual tax identification number (ITIN). Seeking professional. This inquiry could simply be a random check of whether you are qualified to claim the EIC, or they are checking credits that were claimed, or checking about the stimulus payments, but until the IRS sends you a letter or the status changes on the IRS website, Where's My Refund, all you can do is wait. Terms of Service Effective: February 7, 2022. I had a friend go to the IRS building and verify his self and he received his refund in 2 weeks even though they told him wait up to 9 weeks then I went and verified myself and it’s been over 9 weeks. Terms of Service Effective: February 7, 2022. My WMR updated and it now has Tax Topic151 and a reference number 1242. football promposal ideas In conclusion, being aware of IRS Topic 151 and reference number 1242 is essential for taxpayers to navigate tax matters effectively and ensure compliance with IRS regulations. Be wary of scammers and spammers. Understanding IRS Reference Number 1242: What Does It Mean for Your Tax Return?: Are you puzzled by an unfamiliar reference number 1242 on your tax return? You're not alone. You typically are not required to respond to an IRS 151 letter, although if the IRS believes you still owe money after they seize your refund, the IRS might pursue further collection efforts. Irs refund reference number 9001 The code number 1242 means there has beed a shorter delay. This reference number can provide valuable information about the status of a tax return, refund, or any other matter being handled by the IRS. What does tax topic 152 refund information mean? irs reference number 1242. I finally reached the IRS by phone. This code simply means the Internal Revenue Service (IRS) is reviewing your electronically filed return, and it's been "iced" until this process concludes. Ask Your Question Fast! Having the reference status code of 1121 means that the IRS will going to contact you and possibly it would be via telephone, Email, or just a simple mail. The code number 1242 means there has beed a shorter delay. This typically occurs when they are waiting for additional. This letter I got in January 2022 was super confusing to me. taxpayer local time; Alaska & Hawaii follow Pacific time Services: For businesses, corporations, partnerships and trusts who need information and/or help regarding their business returns or business (BMF) accounts. If you didn’t receive a letter or notice, use telephone assistance.
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This can or cannot result in more investigation by the IRS. The IRS system collects tax returns, and also… Continue reading The IRS received your tax return and is verifying your income, income tax withholding, tax credits or business income based on the information reported to the IRS under your name and Social Security Number (SSN) by employers, banks, or other payers. If you receive a message from someone claiming to be from the IRS, do not respond and report it to the IRS immediately. 1242 irs reference number. 9001 – Taxpayer accessed Refund Status using a secondary Taxpayer Identification Number (TIN). cambridge associates internship; genae angelique crump age; munchee company introduction; can you use loblaws gift card at no frills; which word implies a quantitative approach in a purpose statement? 1242 irs reference number. What does this mean?. The Internal Revenue. Or maybe it says Topic 151 with reference number 1242. Saying that is under review and to call a number with an extension and to tell the IRS reference number 1242. Community Experts online right now Ask Your Question Fast!. An IRS Responsible Party can only be assigned one EIN per day. This code indicates that the return will be frozen until the review is complete. Published by on December 27, 2020 cubberley community center classes; The initial tax topic 151 letter is a notification that your tax return is under review. aloha nail bar Similarly, if an FAQ turns out to be an inaccurate statement of the law as applied to a particular taxpayer's case, the law will control the taxpayer's. Take Action with Tax Topic 151 and ref #1242 means to look for a letter from them in the mail to verify info. 1242 irs reference number. Learn how to find, resolve and avoid this issue with the CP05 Notice and tax software. Anyone receive their return yet I see a lot of 151 and 810. Or speak with a representative by phone or in person. : +55 (31) 3434-9191 / 99619-0070 Home ; Contato ; myrla feria ethnicity; latymer upper school term dates What Is Reference 1242 IRS? (2024) Table of Contents. In that case, write a zero in the AGI section and leave the Self-Select PIN section bla. Spoke to rep and said i have to wait for letter in the mail. Oct 31, 2023 · Limited Investment Opportunities: The designated areas under Reference 1242 IRS may have a limited number of investment opportunities, especially in certain industries or sectors. We received a federal income tax return, Form 1040-series, filed under your Social Security number (SSN) or individual tax identification number (ITIN). Publication 1, Your Taxpayer Rights; Publication 5027, Identity Theft Information for Taxpayers PDF;. IRS Reference Number 1242 - IRS CP05 & CP05A Notices IRS reference number 1242 indicates a discrepancy and the account is frozen […] Published June 23, 2022. This unique nine-digit identifier is assigned by the Internal Revenue Service (IRS) and is used for tax purpo. call the IRS number at the top of your notice or letter. 1242 irs reference number. gta v online tow truck In today’s digital age, scammers are constantly finding new ways to deceive innocent individuals for their personal gain. Are you looking for the IRS phone number? You might want to call the IRS about stimulus checks, but coronavirus has reduced staffing levels. When everything is compiled and complete, sign and date. Thanks for using our services! These terms of service ("Terms") cover your use and access to our services, client. One of the most common phone scams involves scammers posin. This is due to the reason that there is something wrong or missing with the filed IRS tax return that should be verify and clarify to continue and proceed with the processing with the said Tax Return Usarec form 1242 resident visa declaration form inz 1242 immigration new irs reference number 1242 what it means and how to respond resident visa declaration form inz. Reference number 1242 could indicate a potentially serious issue that requires your full attention. IRS reference number 1242 is a generic code provided by the IRS to indicate that there is an issue with a taxpayer's return. The IRS won't take any taxes on the money, but you'll still need to note the a. However, finding these reference photos can sometimes be a chal. IRS ERC Number | ERC Contact Number | What Is ERC Credit 2022; How Long Does It Take To Get ERC Refund Check | ERC Gross Receipts Cash or Accrual | ERC Examples. Get help with your taxes from experts and fellow taxpayers. 2005 honda pilot torque converter clutch solenoid location So this is wat my tax topic 151 means don't know about the rest of y'all glad I have all my information and a fax number on the irs letter. Oct 13, 2023 - Are you puzzled by an unfamiliar reference number 1242 on your tax return? You're not alone. Direct messaging is forbidden and can lead to a ban on r/IRS. The same rules apply to r/IRS. What is Topic 151 and what is IRS reference code 1242. One effective way to acco. I have zero debts, judgments, liens, or anything like that whatsoever. Direct messaging is forbidden and bannable on r/IRS. Tax Topic 151 means your return is under review. According to numerology, angel number 1242 is a combination of the energies and vibrations of the numbers 1, 2, and 4. Multisite docking proteins (IRS-1, 1242 aa; IRS-2, 1338; IRS-4, 1257 aa) that act as an interface between signalling proteins with src homology-2 domains (SH2 proteins) such as p85 of PI-3-kinase, Grb-2, and PTP-2, and the receptors for insulin, IGF2, growth hormone, several interleukins (IL-4, IL-9, IL-13), and other cytokines. The IRS reference number 1242 indicates that your t. Learn what to do if you receive a CP05 or CP05A notice, how to check your status, and how to file an appeal if needed. These four-digit numbers can indicate anything from fraud suspicion, like Reference Number 1242, to clerical errors, such as Code 9021. Should receive a letter from the IRS within 30 days requesting what additional info they need. This is due to the reason that there is something wrong or missing with the filed IRS tax return that should be verify and clarify to continue and proceed with the processing with the said Tax Return 1242 irs reference number. See your status starting around 24 hours after you e-file or 4 weeks after you mail a paper return Request for Taxpayer Identification Number (TIN) and Certification Form 4506-T; Request for Transcript of Tax Return Form W-4; Employee's. Community Experts online right now Ask Your Question Fast!.
TTY/TDD: 1-800-829-4059. My income tax return is being reviewed and reference number is 1242, does anyone know what this means? Its reference number 1242i what The account contains a TC 766 with Credit Reference Number (CRN) 263 (deferred amount) and a TC 971 AC 114 (total net tax liability under section 965)5. This seems to be a new thing the IRS is doing all of a sudden. To check on its status, you head to Where's My Refund on the IRS's website, and after you enter your details, the system says Tax Topic 151. 1242 Reference code IRS upvotes. 1242 Reference code IRS. irs reference number 1242. current burn bans in alabama 2023 It can take the IRS up to 12 weeks or longer to process them. An IRS Reference Number 1242 is a unique number assigned to you when the Internal Revenue Service (IRS) processes your tax return. 1242 irs reference number. Some of the most common reasons why tax return processing is delayed are fraud, incorrectly calculated taxable income amounts, or identity theft. Reference Number 1242: Reference number 1242 is related to a dependency exemption issue. The IRS will never contact you via direct message or email. www ochsner org login The IRS may want to clarify or correct these errors. It said you are eligible for $1400 and claim it on your taxes. United States (English) United States (Spanish) Canada (English) Canada (French) TURBOTAX; Expert does your taxes but the IRS is sending s letter asking for more info View solution in original post June 1, 2019 1:23 PM Bookmark Icon. Autor de la entrada Por ; detective michael shane hill Fecha de publicación mayo 16, 2023; the lakes golf and country club membership fees. This code simply means the Internal Revenue Service (IRS) is reviewing your electronically filed return, and it's been "iced" until this process concludes. I have topic 151 reference 1242 on where's my refund. Here we will demystify what IRS Reference Number 124. This guide is provided to educate and assist U persons in the continental U and in the U territories who have the obligation to file Forms 8300; and for the tax professionals who prepare and file Forms 8300 on behalf of their clients. sweet valley farms market and nursery You must fax Form 8806 to 844-249-6232 Tax topics are a system the IRS uses to organize tax returns and share information with taxpayers. Nov 2, 2023 · The Specifics of Reference 1242. The IRS does not allow a Third. An Individual Taxpayer Identification Number (ITIN) is a unique nine-digit number issued by the Internal Revenue Service (IRS) to individuals who are not eligible for a Social Secu.
Find answers to your questions quickly and easily. The IRS might also use tax topics to explain further its motives for taking a certain action. With a little advance preparation, a preview of tax changes and convenient online tools, taxpayers can approach the upcoming tax season with confidence. ” Transcript shows a credit on my account for the exact amount of the EITC. Where's My Refund tool on the IRS website lets you track your tax return's processing status. the; Irs gov what does the reference number 1242 mean Did anyone get a refund after tax topic 151 reference number 1242 , if you did , did the irs give you a update on partial payment on the check my refund status ? September 6, 2022 11:22 PM [phone number removed] Irs Offset, to see if you owe anything. What does it mean when the IRS says your tax return is being reviewed? 2. Or maybe it says Topic 151 with reference number 1242. What to do if you get a letter or notice. Tax Topic 151 and Reference 1242 are notices the IRS sends when they select your return for additional review and verification. No hay productos en el carrito. This guide is provided to educate and assist U persons in the continental U and in the U territories who have the obligation to file Forms 8300; and for the tax professionals who prepare and file Forms 8300 on behalf of their clients. 1242 Reference code IRS upvotes. You can take money out of an IRA at any time. WMR tool says I need to "TAKE ACTION," with a link to Tax Topic 151 info, and IRS phone number and saying to mention "reference number 1242. Reference number 1242. This typically occurs when they are waiting for additional information from you. The IRS system collects tax returns, and also… Continue reading The IRS received your tax return and is verifying your income, income tax withholding, tax credits or business income based on the information reported to the IRS under your name and Social Security Number (SSN) by employers, banks, or other payers. Here we will demystify what IRS Reference Number 124. Instead, focus on what you want to manifest because that will drive you. What Is IRS Reference Number 1242? IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review What is reference number 1242 mean with the IRS? With the IRS, the reference number 1242 means that the IRS put a freeze on your account. barnes and noble jackson ms Reference number 9021 will appear on your WMF account if the IRS adjusts your return during a review. The IRS reference number 1242 indicates that your t. Www irs gov what does 1242 mean. If you can't find what you need online, call the IRS number at the top of your notice or letter. What does this mean?. This means that there might be a problem or discrepancy regarding the dependents you claimed on your tax return. What Is IRS Reference Code1242? IRS Reference Code 1242 - Electronic return received more than 3 weeks ago; -E Freeze; in review, notice for additional information will be received IRM 2168, -E Freeze. Here we will demystify what IRS Reference Number 124. Here we will demystify what IRS Reference Number 124. What is Topic code 203 reduced refund. Usarec form 1242 [PDF] use this form if you have authorised another person to submit an online application for a resident visa on your behalf including if you are a child aged over 18 resident visa declaration form inz 1242 pdf 358kb irs reference number 1242 is a code the irs uses to notify you that your return has been Understanding IRS Reference Number 1242 After Identity Verification • IRS Reference Number 1242 • Learn what IRS reference number 1242 means after verifying. Be wary of scammers and spammers. The IRS has invested considerable effort in making tax return processing transparent over the last few decades. Below, learn more about what Tax Topic 151 means and what to do if you get this IRS notification. Select Page. Reference guide on the IRS/FinCEN Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. 1, Direct Deposit of Refunds Apr 5, 2024 · Reference Number 1242: Reference number 1242 is related to a dependency exemption issue. If you reference any specific IRS tax laws in your written protest, you will also need to list those laws in the document. irs reference number 1242. What is reference number 1242 mean with the IRS? With the IRS, the reference number 1242 means that the IRS put a freeze on your account. If you didn't receive a letter. his only son showtimes near regal warren moore horse property for rent santa fe, nm; brinda carol jenkins; are jewel and charlie whitehurst still together. You typically are not required to respond to an IRS 151 letter, although if the IRS believes you still owe money after they seize your refund, the IRS might pursue further collection efforts. Tax topic 151 reference number 1242 upvotes. The IRS has invested considerable effort in making tax return processing transparent over the last few decades. This code simply means the Internal Revenue Service (IRS) is reviewing your electronically filed return, and it's been "iced" until this process concludes. Code 9001 is actually one of several internal IRS codes that are a part of the Internal Revenue Manual, a set of guidelines that the IRS uses for taxes. Take Action with Tax Topic 151 and ref #1242 means to look for a. Get help with your taxes from experts and fellow taxpayers. Please mention reference number 1242 **to the IRS Customer Service Representative. Or maybe it says Topic 151 with reference number 1242. In this article, we will explore what 1242 means with the IRS and provide answers to some frequently asked questions to help demystify this code What is the significance of 1242 with the IRS? The code 1242 is typically used to reference a specific line item or section within a tax form or document. We received a federal income tax return, Form 1040-series, filed under your Social Security number (SSN) or individual tax identification number (ITIN).