Most Americans have difficulties interpreting the IRS Code 1121 on their tax transcript.
If you are among that percentage, then this is the right place! This guide will show you all you need to know about this code.
IRS Code 1121
IRS Code 1121 means that your tax return is being reviewed.
The automated system has flagged something out of the ordinary, and your return is queued for review by a human.
Depending on their review, there may be further investigations on your tax refund by the IRS.
Should I Be Worried By The Code 1121
Traditionally IRS code 1121 means there is a problem with your returns.
However, it is not a code for a specific problem, so it could be related to many issues.
If you are sure that you made the correct tax returns, you should not be worried at all.
Wait for the IRS to investigate the problem.
The system may have made an error highlighting your tax transcript, so you should be patient to find out.
How Long Until You Get Your Refund
If everything has been cleared, it may take several weeks or even months before your refund is finally deposited.
The delay has been noted as one of the major drawbacks of Code 1121 in the country.
This is the time taken to get a refund after Code 1121 is processed in the US.
What Does Adjusted Refund Amount Mean
If the adjusted amount on your tax transcript is $0, it means you are not getting a tax refund.
The IRS will send you a letter explaining why your refund was adjusted.
The adjusted refund may have been used to clear unpaid debts such as college loans and child support.
If after the code 1121 has been processed and you get a message that your refund amount has been adjusted, just know that you won’t be getting any refund.
This is all the information you need about IRS Code 1121 in the US.
This simple and easy article Was Last Updated on by Nana Abrokwa
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