Table of Contents Show

Is Tax topic 152 Good or Bad: Tax Topic 152 is an IRS reference code that certain taxpayers may detect while using the IRS “My Return?” website to inquire about their reimbursement status.

Referring to Tax Topic 152 may appear when you use the IRS website’s “Where’s My Refund?” option to check the status of your tax return.

You’ll need to know why you’re seeing this code in this situation and what to do about it. Also, the taxpayer is not required to take any more actions; Topic 152 acts as a general/informational notice concerning the timing for processing refunds.

If you’re filing a claim for an injured spouse, updating your return, or demanding a refund of tax withheld, you may keep your return for more than 21 days.

After processing is finished or a mistake is found, the focus will go to one of many other potential tax issues.

This article will look at Tax Topic 152, Good or Bad, Tax Topic 152 Tips, and many more.

What is Tax Topic 152?

Topic 152 is a general reference code that some taxpayers may encounter while attempting to utilize the IRS refund status service.

Tax Topic 152 doesn’t demand further actions from the taxpayer, unlike other codes that a taxpayer could run upon.

The IRS reports that 9 out of 10 tax refunds are handled in the typical amount of time, less than 21 days.

However, if you find a reference to Tax Topic 152, your return may need further examination, which might extend the usual 21-day processing time.

Remember that this tax topic does not imply that you made a mistake or did something incorrectly when filing. It means that your refund has been processed and has yet to be approved or rejected.

Is Tax Topic 152 Good or Bad?

Tax Topic 152 is noteworthy as it attempts to inform a taxpayer who has requested a refund that their request has been approved and that their refund will be sent to them as soon as possible through direct deposit, cheque, or letter.

However, When money is transferred directly into your bank account, the general payment information included in Tax Topic 152 is normally shown. Your notification only informs you that your data is being processed.

What Do I Do if My Tax Return is Taking a Long Time?

The processing of your tax return takes longer than expected for two reasons:

Your tax return submission may be incorrect for various reasons, including insufficient data. Further identity fraud/verification (see below), erroneous social security numbers, or information from related sources (work, ex-partner).

However, utilize the IRS tax tool, where’s my refund (WMR), or the IRS2Go smartphone app to determine the official status of your return (see estimated IRS refund schedule).

Also, you may get the most recent information on the status of your tax refund from it because they update it every day (overnight).

The Internal Revenue Service (IRS should process over 90% of taxpayer refunds) within 21 days, according to their announcement (not business days).

Why are My Bars no Longer Visible on the WMR?

One of the most frequent causes of bar disappearance or absence of a bar is the IRS website being congested and faltering. However, this technical issue happens when the IRS website gets too busy to accept inquiries.

Although, even if you run out of bars or have only one left, you will still receive your return if you see the Tax Refund Information Notice 152 on your tax statement.

Processing Tax Codes with IRS:

To process tax returns, the IRS adheres to a set of guidelines. Process returns, deal with problems, and distribute refunds across various internal systems. Tax codes are used to express these issues and their solutions.

However, through these codes, taxpayers may communicate and learn more about the status of their tax filings.

There are procedural delays as well, which impact when a refund will be sent out and explain why it was less than expected (offsets).

What Prevents You from Not Receiving Your Refund?

When a creditor turns up, a person’s major concern is whether or not they will be able to get a refund after viewing the tax return information item 152 on their tax statement.

If you owe money to a creditor, you shouldn’t threaten to remove all payments that should have been made to you with a court order.

It happens, and I’ve witnessed it a few times, especially if you owe a significant sum. Sometimes the debtor saves a little cash for fictitious living costs.

Although seeing IRS Tax Refund Information Notice 152 on your tax account is excellent news. However, debtors should exercise caution, particularly if a creditor has a warrant out against them.

Because you now understand what it means and what the message is attempting to tell you. It won’t be an issue when you see the tax subject 152 refund information notice on your tax statement.

IRS Codes

The stages of processing and analyzing returns are indicated by IRS transaction numbers, including IRS code 826.

The codes describe the order of events and how to record them in the master file, which can be one of the several electronic systems used by the IRS for processing and verifying tax returns.

The IRS employs several unique master files to monitor taxpayer returns.

IMF, or individual master file
BMF or Business Master File
EPMF or Employee Plan Master File
IRM, or Return Information Master File
IRAF or Individual Retirement Account Master File

After receiving and processing the return, the sequence of actions will be reflected in the codes on a taxpayer’s statement.

It can signify activities that were undone while the return was being processed. However, most of the time, taxpayers shouldn’t understand what codes imply.

The IRS keeps track of changes in tax returns from year to year using numbers and letters. The material on the transcript about tax refunds is a typical illustration of an IRS code.

Remember that IRS tax Topic 152, good or bad, the answer is correct because seeing the message on your tax statement means you’ll get your refund quickly, as requested.

152 or 151: Which is Better?

You could receive a message using the IRS2Go mobile app or the WMR website telling you to look up IRS Tax Topic 151 or 152 about your return. But what do these expressions truly mean?

According to Tax Topic 151, you are essentially receiving a tax offset, which can cause a lower return than anticipated.

Also, you may likely experience a delay in receiving your refund. But you will also be provided with a formal IRS letter or report describing the specific offsets and adjustments made to your tax return, along with instructions on contesting these actions.

Although it’s not ideal, the IRS has finished your return, and your amended refund—if any—should be arriving soon. Tax Topic 152, however, states that you will be charged a tax.

How To Avoid Tax Refund Processing Delays

You can avoid tax refund processing delays by taking a few key steps

The following are the best techniques for shortening the time it takes the IRS to process your tax refund:

File your tax return electronically
Register for a direct deposit of your tax refund
Make sure you do not have any mistakes on your tax return
File your income tax early
Have a professional handle your tax return for you

Should I Be Worried About Tax Topic 152?

If you have a Tax Topic 152 code on your account, there is no need for you to be concerned.

If you see this code, it signifies that processing your tax refund will take longer than usual.

Recall that the IRS will usually send you a letter informing you of the audit if you are under audit or if there is a problem with your tax return.

Just placing a code on your account won’t prompt them to do an audit.

Why is My Tax Topic 152 Gone?

Removing the Tax Topic 152 code from your account signifies that the IRS has processed your request and provided you with a date to expect your tax refund.

You can contact the IRS to learn more about the removal of Tax Topic 152 after 21 days of completing your electronic tax return or 6 weeks after filing your paper returns.

You can also use the Where’s My Refund? tool to verify the status of your tax refund.

Conclusion

Tax Topic 151 only informs you that you have a tax offset, which can cause your return to be less than anticipated.

An official IRS letter or report will be sent to you with details about the adjustments and modifications made to your tax return and advice on how to appeal.

Tax Topic 152 states that you will get your tax return in accordance with IRS processing guidelines (typically within 21 days). However, this letter verifies the payment alternatives.

Frequently Asked Questions on Tax Topic 152 Good or Bad

When Does the IRS Say Your Refund is Under Review?

When a taxpayer’s refund is accepted, and a delivery date is given, Where’s My Refund” will inform them once the tax return has been completed.

Please see the link below since you are relying on your refund. The Taxpayer Advocate Service may be able to help once you have tried getting your refund.

What Time of Day Does Where’s My Refund Update?

When a taxpayer’s refund is accepted, and a delivery date is given, Where’s My Refund” will inform them once the tax return has been completed.

The status of “Where’s My Refund” is updated no more frequently than once every 24 hours, typically over the course of one night, so taxpayers don’t need to check it more regularly.

Does Tax Topic 152 Mean I Will Get My Refund Soon?

The bottom line is that if you receive a message indicating you should reference Tax Topic 152, there is no need to panic. Your refund will likely continue to process, but it may take a little longer than expected.

What is Topic 152 with the IRS?

Tax Topic 152 discusses the issue of delayed income tax returns. The “Where’s My Refund” function enables filers to check the status of their refund as soon as 24 hours after submitting their return, in addition to releasing a tax issue on the subject of delayed returns.

What is Topic 152 with the IRS?

Does tax Topic 152 mean I will get my refund soon?

What time of day does Where's my refund update?

When a taxpayer’s refund is accepted and a delivery date is given, Where’s My Refund” will inform them once the tax return has been completed.

The status of “Where’s My Refund” is updated no more frequently than once every 24 hours, typically over the course of one night, so taxpayers don’t need to check it more frequently.

When the IRS says your refund is under review?

The review means that your return is pending because IRS verifies your tax return information. They may contact you before processing your return.

Please see the link below since you are relying on your refund. The Taxpayer Advocate Service may be able to help once you have tried getting your refund.

References

lawyer. zone – What Is Tax Topic 152 (Explained: All You Need To Know)
turbotax.intuit.com-Tax Topic 152: Will I Still Get My Tax Refund?
schoolandtravel.com -Tax topic 152 Good or Bad | 2023 (Best Answer)
yahoo.com -Taxes 2023: What is ‘Tax Topic 152’ and Does it Affect Your Tax Refund?