Tax QuestionsCategory: IRS Reference CodesWhat does IRS Reference Code 1262 mean?
Veronika Greenwell asked 3 years ago

What does IRS Reference Code 1262 mean?

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1 Answers
TaxMax answered 3 years ago

IRS Reference Code 1262 – Electronic return received more than 3 weeks ago; -Q Freeze; in review, notice for additional information will be received IRM 21.5.6.4.25, -Q Freeze

What does IRS Reference Code 1262 mean?

IRS uses code 1262 to indicate that your return was received electronically, has been selected for review, and will be frozen until the review process is complete.

What to do next if you see IRS Reference Code 1262?

You will likely have received CP 05 or will soon.  You will need to promptly respond to the request for review providing well-supported documentation.  If you do not provide the documentation or the IRS feels the deduction is not properly supported, they will adjust the return.  If that is the case, you will have appeal rights.

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