What Does It Mean if the IRS Is Reviewing My Return?. Taxpayers have three options for receiving their individual federal income tax refund: direct deposit (electronic funds transfer) into a checking or savings account, including an individual retirement arrangement (IRA); purchase of U.S. Series I Savings Bonds; or; paper check. We have got this question so much that we decided to give you the exact answer to the PATH message alert on Where’s My Refund. WHAT DOES TAX TOPIC 152 MEAN? Tax Topic 152 is just a generic help topic type thing … But not everyone is happy. As a business owner, you're obligated to report income to the Internal Revenue Service and pay taxes on those earnings. Write. We have gotten many comments and messages regarding the IRS Where’s My Refund Tool having your orange status bar disappearing. While you might read all types of answers on this, basically your return has been pulled and is under manual review. Tax Advice, Expert Review and TurboTax Live: Access to tax advice and Expert Review (the ability to have a Tax Expert review and/or sign your tax return) is included with TurboTax Live or as an upgrade from another version, and available through December 31, 2021. If there are any discrepancies, you will be notified through the mail. In 2020, the IRS issued guidance that 90% of tax filers might be reimbursed in 21 reporting days. Match. 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 Return Received, Return Accepted, Return Process and how long it will take is found on the irs.gov site and tools on TurboTax, H&R Block along with other tax… Ronny. An individual shall not be treated as a dependent of a taxpayer under subsection (a) ... and exempt from tax under section 501(a), or by a State, a possession of the United States, any political subdivision of any of the foregoing, the United States, or the District of Columbia. 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. But for some filers this year, your early tax return will be delayed … 152: SUBP qualified under the Income Tax Act. 152 Refund Information. 2018 Tax Season Refund Frequently Asked Questions. ThinkStock Photos The person who is making the payment is responsible for deducting the tax and depositing the same with government. just the waiting game 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. Tips. 0 0. During the refund season, the IRS operates on holidays, so this means 21 days, not “working days” only. Flashcards. It helps to understand why returns are flagged and what reviews involve. Beyond the delays, early filers typically see a delay anyway. But even if you comply with the law, you may receive notice of a dreaded IRS review. What does Tax Topic 152 mean? That’s it! The PATH Act, which applies to all tax preparation methods, is intended to help detect and prevent tax fraud. I was stunned! Why Is My Refund Still Processing After 21 Days? Additional review may be the case if you claim credits such as the Additional Child Tax Credit, or Earned Income Credit. The role of the Independent Office of Appeals (Appeals) is to make an independent review of a tax dispute and to consider the positions taken by both the taxpayer and the IRS. The tax is deducted when income is accrued or paid whichever is earlier. How tax returns are selected for review Your income tax and benefit return may be selected for review for a number of reasons, such as: the information on your return does not match the information received from third-party sources, such as T4 slips What Does Tax Topic 152 Mean? These services are provided only by tax experts or CPAs. This ensures that you’re receiving the correct refund. IRS representatives can research the status of your return only if: Topic No. If you’ve got a complicated tax situation, it may be wise to work with a financial professional. When you file your income tax return electronically, a computerized system reviews your return, and if the return is error-free, the Internal Revenue Service will accept it. All products and services are presented without warranty. Under the income tax laws, TDS is levied on various incomes such as salaries, fixed deposits, recurring deposits etc. i was told that tax topic 152 just means you were approved.... usually bars are disappearing with that message for those who are filing eitc or additional tax credit. 2 years in a row. Source(s): urgent response needed tax topic 152 mean: https://shortly.im/deAx3. Household help is accurately reported. jskiles20. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. Spell. Most times when your status bar on the Where’s My Refund tool appears at 1 of 3 stages. As tax season continues to roll, the IRS is reporting that refunds are being issued faster than in 2013. Where’s My Refund Status Bars Disappeared. got tax topic 152 last year, and also got it this year. What does the PATH message mean? If your return is under review or other information is needed, you may experience significant delays due to staffing. 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. 303 Checklist of Common Errors when Preparing Your Tax Return. Nothing. 154: Cash award or prize from payer. irs can not give out any info till 2.15th....i filed my taxes 1.21.17 and was accepted the 23rd... then the bars disappeared the 24th- but tax preparer says they were approved. PLAY. The PATH message on Where’s My Refund means that your tax return has been accepted, but is … All news IRS Tax Refund 2018. Delayed 2018 Tax Refund Information. This site is updated continuously and includes Editor’s Notes written by expert staff at Bloomberg Tax indicating when a section has been repealed or when there is a delayed effective date allowing you to see the current and future law. That's it! Here is a link to Tax Topic 152. 158: Lump-sum payments that you cannot transfer that are not reported elsewhere. Test. This has to do with the irs.gov where’s my refund site having too much traffic and lagging. The IRS Review Process: Every Return Is Reviewed by Computer. We put together a list of common errors and issues, you can check it … This is what it means when WMR status bar disappears. Enter this amount on line 13000 of your return. Tax Topic 152 means you're getting a tax refund. This process may take longer, but it will change eventually. I was accepted 1/31 at 12:15 am im still processing no update cant order transcript and i didnt file special forms all of a sudden Tuesday on my WMR status online it said TAX TOPIC 152 WHAT IS THIS!! Tax Topic 152 ensures you get a refund for taxes. TDS on salary: How it is calculated and deducted; How … Tax filers should check the Where's My Refund? A tax transcript will not help you find out when you’ll get your refund. Getting your return flagged for review doesn’t mean you’ll be audited, but it can raise the odds that Uncle Sam will conclude that the numbers don’t add up. What Does Topic 152 Mean. Income Tax 2018 Information and more. Created by . However, it’s possible that some tax returns may require further review and could take longer. The IRS works with taxpayers to try to settle tax disputes in an effort to avoid court proceedings through an administrative appeals process. If you submit your tax return electronically, the Internal Revenue Service will notify you once it's received and accepted it.This doesn't mean the agency is done with it, only that IRS hasn't spotted any obvious problems that require rejecting it. Also, if you're concerned about a generic message that says "Refer to Tax Topic 152", all that means is check out these tips about getting your refund. Primary taxpayers under age 16 who have never filed an individual return and secondary taxpayers under age 16 who didn't file for 2019 are ineligible to use the SSP method to sign the electronic return using tax preparation software. Early Filers - You Will See A Delay In Your Refund . You have the right to claim the tax credits on your return. Schedule C income is not overstated or understated. 8 years ago. Enter this amount on line 10400 of your return. Social Security benefits withholding amounts are correct. What about those 570 codes - do they mean anything? The IRS works weekends during tax season, so it's 21 days, not "business days". If you're expecting a tax refund, the most common advice is that you should file your tax return as soon as possible. Topic 152 – Refund Information. However, this will likely not be as much of an issue this year due to the late start. These individuals may still e-file by using a paid preparer who uses the Practitioner PIN method. Learn. Under the Protecting Americans from Tax Hikes (PATH) Act, signed into law in December 2015, the IRS cannot issue refunds that include Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) before mid-February. Related . The tax return review process has multiple steps, and not every return will be scrutinized carefully. The IRS has given guidelines this year that 90% of tax filers should receive their refund within 21 days of filing. It's important that you review your entire return, even if you have someone else prepare it, because you are responsible for all of the information entered on your return and any errors may delay the processing of your return. Tax Topic 152 on the other hand means means you’re getting a tax refund in line with IRS processing guidelines (generally within 21 days) and this notice confirm the methods for payment (direct deposit, check). 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. I know it can be really frustrating to see ongoing delays in getting your tax refund. Bloomberg Tax offers full-text of the current Internal Revenue Code free of charge. Your tax refund may be delayed for several reasons, including an error, fraud, identity theft, unpaid student loan debt or unpaid child support. Tax withholding amounts are correct. 156: Bankruptcy settlement. Enter this amount on line 10400 of your return. This amount is included in box 018. The following checklist may help you avoid common errors: Topic No. Related Articles. There is no reason to let the government keep your money any longer. However, the agency still has to finish processing your documents and going over your figures. The information transcripts have about your account does not necessarily reflect the amount or timing of your refund. STUDY. Gravity. For anyone getting a refund, tax season is the best time of year. The IRS does check each and every tax return that is filed. U.S. History Topic 4 Review.