Reference number codes are how the IRS systems classify informational or processing actions, much like tax transcript codes. According to the IRS manual, Code 1242 essentially means, your return was received but is frozen (from any further actions) and under review. So while this does create a。 See more
What Does Reference Number 1242 Mean to the IRS? The IRS code 1242 is used to demarcate the status of your tax refund and that your electronic tax return was received and has been selected for review.
Tax Topic 151 and Reference 1242 are notices the IRS sends when they select your return for additional review and verification. This does not necessarily mean you did anything。
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