is tax topic 151 bad

1001 – Refund paper check mailed more than 4 weeks ago, See IRM 21.4.1.3.4, Refund Issued But, Lost, Stolen, Destroyed or Not Received You can also call number for TOP. Likely the IRS has assessed tax or is giving you notice it will take some collection action. Answer Save. I have zero debts, judgments, liens, or anything like that whatsoever. 0 0. (a) A tax is imposed on the storage, use, or other consumption in this state of a taxable item purchased from a retailer for storage, use, or other consumption in this state. Activity All Activity Search More . Seems kinda pointless if I still gotta wait regardless? Yeah I called and they told me what to do so I got to jump on it a little but I have received a letter Shortly after just everything she said to send in already I sent in like 20 pages they wanted like six months electric bill birth certificates credit card Statements from like clothing stores Transcripts of when my children were enrolled in the school in my court papers Signed by a judge of custody agreement, I hope they don’t ask for credit card statements from me because I pay everything with cash. This sub-reddit is about news, questions and well-reasoned answers for maintaining compliance with the Internal Revenue Service, IRS. My tax refund says under review under it is tax topic 151? What is tax topic 152? 151 says you are under an audit. You recovered $100 GST as a tax adjustment on line 107 of your paper GST/HST return (or line 108 of your electronically-filed return). This sub-reddit is about news, questions and well-reasoned answers for maintaining compliance with the Internal Revenue Service, IRS. Refer to Tax Topic 152 – the most common message on the IRS Where’s My Refund tool; this is normal, especially for those who selected direct deposit; read more about this on the IRS website 1001 – Refund paper check mailed more than 4 weeks ago, See IRM 21.4.1.3.4, Refund Issued But, Lost, Stolen, Destroyed or Not Received TurboTax for tax year 2019 will install on Windows 7, but when TurboTax for tax year 2020 is released, all TurboTax desktop products will cease installing on Windows 7. Here is some information on Tax Topic 151 & 152 that many people asked for. Judy. Most tax expenditures perform very much like spending programs, which means they may serve or harm the public depending on whether they serve a legitimate public purpose in the most efficient manner possible. Tag: Tax Topic 151. Ask question + 100. 3. Topic 151 – Your Appeal Rights The IRS has an administrative appeals process that works with taxpayers to try to settle tax disputes in an effort to avoid formal court hearings. This is often the case due to not including a W-2, or a 1099-DIV, etc. Tax Topics Explained Usually when you receive the topic 152 message you will receive your tax refund within the next 10-14 days. I’m also trying to figure this out and I don’t have any debts. By the way, the Examiner from the IRS office told me that they are 6 months behind. Tax Topic 151: Appeal Your Rights Message From Where's My Refund Tax Topic 151 means the Department of Treasury will be taking your refund or part of your refund to pay for something that has been reported that you owe. Pay taxes you owed, options if you cannot pay, or arrange to pay over time. Okay so I got the tax topic 151 with reference number 1242. So I filed end of January was accepted on 2/12. Here is a link to Tax Topic 152 . I have the other things you listed tho. Originally started by John Dundon, an Enrolled Agent, who represents people against the IRS, /r/IRS has grown into an excellent portal for quality information from any number of tax professionals, and Reddit contributing members. Purposes of taxation. It sounds like you received and letter from the IRS proposing an adjustment to your tax return. Relevance. We put together a list of common errors and issues, you can check it … Contact John@JohnRDundon.com for immediate professional advice. If your student loan is in default, you need to rehabilitate your student loan to stop having your tax refund taken. March … Favourite answer. Source(s): https://shrink.im/a8HWv. Tax Topic 151 simply means that you’re getting a tax offset (e.g. I called the irs about a week ago and she said it should be in any day now and still nothing. If You Get a Reference Code on Your WMR. was that a mistake? i don't get that, money owed, off set when i file online using the same site i used last year they use the same info i put in from last years taxes since i lost my job and made less. Search for: CATEGORIES › Education › Healthcare › Home and Rental Property › Is it Deductible? February 11 , 2020 at 4:29 am #4345634. Have a balance owing. Okay. Tax Topic 151 means your return is under review. You can also refer to Topic No. /r/IRS does not represent the IRS. Tax Topic 151 means your return is under review. Refund Type Join the eight in 10 taxpayers who get their refunds faster by using e-file and direct deposit. L. 99–514 applicable to taxable years beginning after Dec. 31, 1986, see section 151(a) of Pub. Lv 7. Does that mean im not getting my refund or am i being audited i dont understand. L. 99–514, set out as a note under section 1 of this title. I just had Topic 151 and I got audited. Refer to Tax Topic 152 – the most common message on the IRS Where’s My Refund tool; this is normal, especially for those who selected direct deposit; read more about this on the IRS website. However, it’s possible that some tax returns may require further review and could take longer. I’ve already received my state and got all my stimulus’ I finally had a change on my refund status claiming I had a tax topic 151 and to wait for a letter in the mail. Under review means it kicked out of the computer for a human to look at it. I too get topic 152 every year and have EIC. Here is the link: www.irs.gov/taxtopics/tc151.html PLEASE NOTICE- your administrative appeals rights are time limited. Tax Topic 151: Appeal Your Rights Message From Where's My Refund Tax Topic 151 means the Department of Treasury will be taking your refund or part of your refund to pay for something that has been reported that you owe. 1 decade ago. 3 Answers. Amendment by section 103 of Pub. You can't deduct a partially worthless nonbusiness bad debt. The role of Appeals is to make an independent review of a tax dispute and to consider the positions taken by both the taxpayer and the IRS. Your best bet is to wait until the IRS contacts you via letter, which can take a few weeks. EDIT: Also, my transcript shows a credit for the remaining amount of my refund… The amount I was deposited was the amount of my W-2 withholdings, and the amount that still shows as a credit on my transcript is the amount of my EITC — u/Sudden_Regret7051, are you 100% positive this always means an offset, and not just flagged for the IRS to request to additional information on a dependent or something like that? This is archived information that pertains only to the 1996 Tax Year. CLICK HERE to return to the home page IRS Topic 453 – Bad Debt Deduction If someone owes you money that you cannot collect, you may have a bad debt. I listed the definitions below you can also visit the IRS Website www.irs.gov to. (i) A person who is not a retailer may claim a credit or reimbursement authorized by Subsection (c) only for taxes imposed by Section 151.051 or 151.101 . Leaderboard Earwolf.com More. L. 98–369, div. Tax Topic 151 is not offset. Usually when you receive the topic 152 message you will receive your tax refund within the next 10-14 days. Tax topic 151 is a page on the IRS web site that explains your administrative appeals rights. Box H - Tax on Bad Debt Write-Off. First you need to determine if the IRS is correct. They will send you a letter that explains why you won't be getting your refund, or how much of the refund was taken. Get answers by asking now. 171 means that the IRS is still processing your refund. You can't deduct a partially worthless nonbusiness bad debt. Although applicable, chances are that by this stage of the game, you’ve already chosen whether or not you’d like a check or direct deposit. Usually when you receive the topic 152 message you will receive your tax refund within the next 10-14 days. Still have questions? Has anybody ever gotten Tax Topic 151 before? Money was owed for back taxes loans school etc. Read More › SEARCH. Topic 152 is a code that the IRS uses to tell the status of each group of refunds. Judy. Source(s): https://shrink.im/a8HOq. https://www.irs.gov/individuals/get-transcript. Tiff. L. 99–514 effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984 , Pub. New Affordable Care Act IRS Tax Forms; What is Topic 151; What is IRS Tax Topic 152; Tax Topic 159 How to Get a Copy of Prior Years W-2; Form 1040; IRS Tax Topic 203; What is the IRS Form 941? /r/IRS does not represent the IRS. that refers to what you can do to appeal your situation. Favourite answer. 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