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.
What is IRS tax topic 152?
- Tax Topic 152 is basically an informational message from the IRS letting you know that they are processing your Tax Return. Once the IRS has finished processing your Tax Return successfully, they will update your status to “approved” and will add an estimated direct deposit to WMR. June 1, 2019 1:23 PM
Is Topic 152 a 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. There should be no cause for worry.
Will tax Offset show on Where’s My Refund?
According to the IRS website: ” BFS (Bureau of the Fiscal Service) will send you a notice if an offset occurs. The notice will reflect the original refund amount, your offset amount, the agency receiving the payment, and the address and telephone number of the agency.
What are the stages of tax refund?
Stages of Your Tax Return Your tax return goes through three stages – “Accepted,” “Refund Approved” and “Refund Sent.” During the “Accepted” stage, the IRS is processing your return.
What does it mean when the IRS says your refund is still being processed?
If your tax return status is “Still Being Processed” your tax return could be essentially on hold until the IRS corrects any issues and/or gets the additional information from you to continue processing your return.
What does code 152 mean?
Topic 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.
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.
How do I find out where my refund went?
Use the Where’s My Refund tool or the IRS2Go mobile app to check your refund online. This is the fastest and easiest way to track your refund. The systems are updated once every 24 hours. You can call the IRS to check on the status of your refund.
How do I know if the IRS is keeping my refund?
Call the FMS at 1-800-304-3107 to find out if your refund was reduced because of an offset. Call the IRS Taxpayer Advocate Service at 1-877-777-4778 (or visit www.irs.gov/advocate) if you feel your refund was reduced in error. The service is free.
Can the IRS take your refund after it’s approved?
When the IRS takes or holds your refund, it’s a sign that you’re not in good standing with our nation’s tax collector. The IRS can take or hold your refund in any of these situations.
What is the difference between being processed and still 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.
What is the next step after taxes are accepted?
After acceptance, the next step is for the government to review your refund. During the review process, they look for math errors on your return (extremely rare in TurboTax) and check if you owe back taxes, unpaid child support, or other debts. If they need to make any corrections, they may offset (reduce) your refund.
How long can the IRS hold my refund for review?
The IRS can go back through three years’ worth of returns, or up to six years if they find a serious error.
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.
How long will my refund status say processing?
The IRS says: It should take 21 days to issue a refund once it has been processed. If it has been longer than this, several factors may be holding it up. Before you start to panic, take into consideration the process and what is going on with your paperwork.
Does being processed mean approved?
“Being processed” means you are only that much closer to getting your refund. It means they must first process your return and then approve your refund. It can take anywhere from a few days to 3 weeks to go from acceptance to approval. Keep tracking your IRS return on the IRS website at https://www.irs.gov/refunds.