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Did you receive a notice with that code? What did the notice say?
no notice. it shows when i check the status of my refund on the irs site
i had direct deposit date and the day the refund was to be deposit it did not.
then i check back in a couple days and there it was 1121
It means that your return is being reviewed at the first level of review; usually means comparing your return to employer payroll tax filings
and how long is that process?
also, sometimes there's an error in processing within the IRS & the code will indicate that you are going to get a paper check rather than a direct deposit;
they have up to 7 weeks to "review" the return & then they either have to send you notice requesting additional information or process your refund
its been saying that for three weeks now..
my sister has been waiting since feb. for her return. when she check it says three to six weeks whatis that about sir?
Unfortunately, you just got "lucky" and were drawn out the hat randomly for closer review; possibly a math error; nothing to be overly concerned about at this point; most just get tossed back into the processing system & go on through
what do u mean? is that a good thing or bad?
and what do u mean most just get tossed back into the processing system & go on through? and what can i do to prevent this in the future? what errors does the irs look for in processing returns?
well it is bad from your standpoint because you don't have your refund; it's good because it doesn't necessarily mean that there's a problem; just that your return was randomly selected to be reviewed manually; mostly it is just looked at & if nothing unusual it just gets reprocessed; if not, you'll get a notice; it just delays everything;
nothing you can do about it
what errors does the irs look for in processing returns?
the computers check all the math; doesn't mean they found an error;
eventually all the 1099 data is compared between what they received from third parties & what's on your return, but that's not what this is about; if that were a problem, you would receive a notice & have the chance to resolve the difference; that comparison hasn't been done yet for 2011;
what tax forms besides 1099 data is not compared between what they received from third parties & whats on my return? and why cant i filed form 8689 by e-file
and when is the comparison done? because thats one of the forms i filed which was my 1099- div
hold on a minute
so will i have to be prepared to send a copy in?
also can u tell me when is the best time or appropiate time to file my 1099-int and my 1099-div sir. thank you
mr. grizey, are u there sir?
just a minute
ok sir.. sorry
what do you mean you filed your 1099-DIV?
my name is Steve; that works better than sir :}
tax form 1099-div. e-filed
You don't file 1099s with your return, so I don't understand what you mean?
Are you talking about a different subject now, other than your delayed refund?
this was part of my tax return. so i wasnt supposed to filed 1099-div? what was i to do with my 1099-div?
The information from your 1099s is entered on your tax return & the 1099s are kept in your own tax file.
The IRS gets the 1099s from the payers of the dividends, interest, etc. & compares it to your tax return entries
thats what i did i enter the 1099-int and 1099-div on my return.
So what's your question?
when is the appropiate time to report 1099s? beginning of the year, all year, or before the deadline?
and what other forms beside 1099s are not compared with third parties. last questions steve
What do you mean "report 1099s"?
enter on my tax return
You have done everything you need to do; the payers are supposed to furnish you a 1099 by January 31st of the year following the reporting year; often they come in late, which is why you need to know what is coming & not file your tax return until you have them all;
There are hundreds of third party reporting forms that are compared with tax returns; you can figure that pretty much everything of any consequence is reported to the IRS by someone & compared to your return;
At this point there is nothing you can or should do except wait; keep checking the website to see if there's any change; hopefully, your refund will be released, sooner rather than later.
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