What Does IRS Reference Number 1242 Mean on Your Tax Return?

Learn what IRS reference number 1242 means and how to respond to the IRS when they request additional information about your tax return.

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The reference number 1242 in an IRS context generally indicates that the IRS needs additional information from you regarding your tax return. Check your mail for a letter from the IRS detailing the specific problem and how to resolve it.

FAQs & Answers

  1. What should I do if I receive an IRS reference number 1242? You should carefully review any IRS correspondence you receive, as it will specify the information needed to resolve the issue related to reference number 1242. Respond promptly with the requested documents.
  2. Does IRS reference number 1242 mean I owe more taxes? Not necessarily. Reference number 1242 means the IRS requires additional information to process your return, not that you definitely owe more taxes.
  3. How long do I have to respond to an IRS notice with reference number 1242? Check the deadline provided in the IRS letter. Responding promptly is important to avoid delays or further IRS actions.

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