Topic 152 mean

Tax topics are a system the IRS uses to organize tax returns and topic 152 mean information with taxpayers. Here's what it means if you receive a message about Tax Topic

What Is Tax Topic ? Tax Topic is a generic tax code informing the taxpayer that their tax return may take longer than usual to process. Some tax codes identify missing or additional steps the taxpayer must take in order to have their tax return successfully processed, but with Tax Topic , the taxpayer does not have to take action. Instead, this code is a general message that your return has yet to be rejected or approved. You may be wondering why you are observing Tax Topic on your account. There are several reasons your tax return may take longer to process.

Topic 152 mean

Refunds are an important part of the tax filing process for many people. Knowing when to expect your refund and how it will be issued can help you plan financially and make sure that your money is put to good use. Understanding Tax Topic can help you get the most out of your refund and ensure that you receive it in a timely manner. The IRS has a variety of tax topics on IRS procedures, collection processes, filing methods, how to get help, and more. Exploring these topics can be a great way to learn more about the U. Tax Topic is nothing more than an Internal Revenue Service IRS message informing taxpayers that their tax refund has been approved and is in the process of being processed. Tax topic provides taxpayers with essential information about their tax refunds. Here are some of the main subjects covered in Tax Topic The IRS issues most refunds in three weeks or less, but refunds from amended returns typically take around 16 weeks. Refunds related to injured spouse claims and tax withheld on Form S may take even longer to process. People who file their tax returns early may have to wait until the first week of March to receive their refunds if they include an Earned Income Tax Credit or an Additional Child Tax Credit. Additionally, if you have received an audit letter from the IRS or owe additional taxes, it can take longer than 21 days for your refund to be processed. Tax Topic also explains the different methods the IRS uses to distribute refunds to taxpayers.

Pays for itself TurboTax Premium, formerly Self-Employed : Estimates based on deductible business expenses topic 152 mean at the self-employment tax income rate This code indicates that there may be errors in the information entered on your return.

The IRS issues more than 9 out of 10 refunds in the normal time frame: less than 21 days. You can also refer to Topic no. Call us about your refund status only if Where's my refund? Join the eight in 10 taxpayers who get their refunds faster by using e-file and direct deposit. You have several options for receiving your federal individual income tax refund:.

You can continue to check back here for the most up to date information regarding your refund. We understand your tax refund is very important and we are working to process your return as quickly as possible. My return is about as simple as one can get and I got the same message you guys did. Topic No. Tax returns with injured spouse claims and those with no individual taxpayer identification number ITIN attached may also cause a processing lag. If you get a reference code about Tax Topic , there may be errors on your return, according to TurboTax. Those errors could include incorrect or ineligible identifying information, incorrect filing status, incorrect dependent information, information entered on the wrong line, or incorrect deduction or credit calculations. Opt-out of personalized ads.

Topic 152 mean

Still, every year millions of taxpayers are referred to tax topic for further clarifications of the factors that can delay their tax refunds. The answer is neither. The bad news is that your tax refund will be delayed. You can use this tool to monitor the status of your tax return. The code refers to a webpage with the same title on the IRS website. Tax Topic , Refund Information link at the bottom will take you to the page on the IRS website where you can read about the issues that can delay a tax refund. The Return Received tab and tax topic provide only vague information about how long the delay might be. Still, this tax topic should disappear from your account within two weeks unless the IRS initiates an audit.

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How do I get a new one? Here is how to check on your return:. However, if you mail your return, it could take up to six weeks for processing. Actual results will vary based on your tax situation. Accounting software. Your refund should not be direct deposited into an account in your return preparer's name. Those who utilize an ITIN, such as resident and non-resident aliens, usually experience a longer processing time for their tax returns. Audit Support Guarantee — Individual Returns: If you receive an audit letter from the IRS or State Department of Revenue based on your TurboTax individual tax return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Report Center , for audited individual returns filed with TurboTax for the current tax year and for individual, non-business returns for the past two tax years , You are responsible for paying any additional tax liability you may owe. Filling out your tax return carefully and accurately will reduce your chances of making a mistake and having your tax return rejected. How Can we help? TurboTax security and fraud protection.

But what does that mean?

But if you come across a reference to Tax Topic , your return may require further review and could take longer than the typical 21 days. Table of Contents. A tax benefit refers to tax laws that help taxpayers reduce their tax bill. TurboTax Desktop Business for corps. TurboTax Canada. Tax reform is the changing of the structure of the tax system. More self-employed deductions based on the median amount of expenses found by TurboTax Premium formerly Self Employed customers who synced accounts, imported and categorized transactions compared to manual entry. Click to rate this post! Terms and conditions may vary and are subject to change without notice. All Rights Reserved. To check the status of an amended return, use Where's my amended return?