Most people received IRS code 152 on their 2021 transcript or even 2020. If you saw tax topic 152 on your status, do not panic.
If that is the case for you, relax and keep reading this guide.
If you filed your tax electronically, then you will most definitely receive tax topic 152.
Recommended guide: Tax Code 599 Explained.
What Does IRS Code 152 Mean On 2021 Transcript?
Here is the meaning of the IRS tax transaction code 152 on your transcript:
Designates a return which updated entity data and is posted to the Entity Transaction Section.
That is the official explanation given according to the Internal Revenue Service Master File Codes.
Check this: Ultimate Guide To Transaction Code 971.
What Does Tax Topic 152 Mean?
Tax Topic 152 simply means that your tax return is being processed.
This also implies that if you see IRS Tax Code 152, then the government or IRS has not approved or rejected your refund.
So, in essence, IRS code 152 gives refund information.
In few instances, your return status may take a while to be updated.
Read also: Meaning Of Code 826 On tax Transcript.
Should I be worried about Tax Topic 152?
Not at all. It is ok to have IRS tax code 152 on your transcript.
If you have doubts, then you need to contact the IRS representative for assistance on that.
Also, you can contact a tax expert for further details.
As we have said earlier, you do not need to worry. You just have to wait a little for the system to be updated.
Related article: Internal Revenue Service Code 960.
What does it mean when Tax Topic 152 disappears?
When checking your tax status on Where’s my Refund, there are instances where the bars with tax topic 152 will disappear.
When that happens, you do not need to panic.
It does happen on WMR.
Here is why:
Your status on Where’s my Refund keeps changing in the course of processing your tax return.
Sometimes you will get a deposit date but still contains “still processing,” and in addition to that, the IRS 152 notice will also disappear.
If that happens, it is only the Internal Revenue Service that can give you accurate information on your status as well as the tax code 152.
Is IRS Code 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.
Recommended article: IRS TC 806.
Does Tax Topic 152 mean I will get my refund soon?
Not really. IRS code 152 does not mean you will get your refund soon.
What it simply means is that your refund is being processed.
Your return may be accepted or rejected after the final review by the Internal Revenue Service.
You do not really have much control over that.
Check this too: Tax Transaction Code 766.
Why does my refund say still being processed?
Your refund says still being processed because the Internal Revenue Service is working on it.
You need to wait for the processing to complete then you know what happens next.
For tax-related issues, you need to contact any of the IRS representatives for assistance.
You can also reach out to any tax expert to help you with any challenges you may encounter with filing your taxes or claiming a refund.
This simple and easy Banking and Finance Guide Was Last Updated on 16th July 2021 by thetransfercode
Please you must visit this guide “https://thetransfercode.com/irs-code-tax-topic-152/” periodically for updates and any possible changes that we may make to this article. In this month of July 2021, we have a lot of articles on banking and finance for you. Read more.
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