Where can I find 2008 IRS Principal Business Codes?
Q. Every list I have found includes "516110 - Internet publishing & broadcasting", but Turbo Tax is claiming this is "no longer a valid Business Code", so I assume these lists are out of date. Where is the official 2008 list of Principal Business Codes, and/or what code would an Internet Game Site fall under in 2008?
Asked by skatc - Sun Feb 8 14:14:28 2009 - United States - 2 Answers - Comments

A. The official 2008 list is at page 116-118 or in the instructions for the 1040, pages C-9 through C-11. Internet publishing & broadcasting is 519100. Gambling is 713200.
Answered by StephenWeinstein - Sun Feb 8 14:55:43 2009

What do you think of the Senate attaching the new bailout to a volunteer firefighters IRS code?
Q. So it will pass and they can vote first. No im not.
Asked by William F - Tue Sep 30 19:27:34 2008 - Government - 4 Answers - Comments

A. WTF?! That is the most idiotic irresponsible thing that I have ever seen...that kind of legislation needs to be made ILLEGAL. Of course this is the kind of crap that they are doing over in the EU also. To answer the question, I think it is BS!
Answered by Fedup Veteran - Tue Sep 30 20:01:49 2008

does anyone know the website where we can look up the meaning of irs reference codes for refunds?
Q.
Asked by beach girl - Wed Jan 16 12:56:12 2008 - United States - 3 Answers - Comments

A. If it is code 9001...it is just processing! That is all.
Answered by Amy W - Wed Jan 16 13:11:18 2008

Irs code 1301 on wmr, looking for first time home owners repaying this year?
Q. Irs chart said Feb 25 , WMR tool DID say March 1 , last week updated to Reference 1301 and no change this Wed. Did any one that answered last week change or stay the same.Or anyone with this happening to them.
Asked by - Wed Mar 9 07:24:24 2011 - United Kingdom - 14 Answers - 1 Comments

A. Called again today (21 days since I filed) and the rep informed me that they are manually setting up the re-payment program and there is still no estimated date as to when we will get our return. (This totally screws up my plans this spring!) But we've got to sit back and wait...no other option.
Answered by - Wed Mar 9 14:37:27 2011

Account Transcripts from IRS ( meaning of the codes )?
Q. Hi! I'm working with this case, and I have the transcript from e services, the thing is, on the part where it says code / explanation of transaction / cycle / date, etc etc. Well, I' know that the numbers (codes) mean, I need to find out, I was looking for them at IRS. gov, but I can't find what i'm looking for. Any help would be appreciate!! Well, I' know that the numbers should say: Well I don't know what the numbers mean ...
Asked by Yoyo Table - Fri Jul 25 16:46:17 2008 - United States - 2 Answers - Comments

A. What are the codes you would like to know. TC150 return filed TC610 is payment TC846 is refund TC290 is adjustment done to account. Let us know what the codes are an maybe we can assist you.
Answered by Ms. Angel.. - Fri Jul 25 17:56:59 2008

What does irs code 1201 mean?
Q. I had irs code 1121 and now it has changed to 1201. what the heck is going on?
Asked by garrettandarlene - Wed Feb 14 19:44:03 2007 - United States - 5 Answers - 1 Comments

A. FINALLY!! Money in the bank! For all of us that had the 1121 reference code and was suppose to get our direct deposit on 1/26 and didn't, then it was switched to a 1201, well, it's finally pay day! The IRS released money today 2/15 to the distributing banks (depending on what tax software you used) and I confirmed with the bank that HR Block software "Taxcut" uses and it's there! Wahooo! or more appropriately Yahooo! So what I want everyone to know, with that reference code 1121 and 1201, your money is as good as there.
Answered by Stacey - Thu Feb 15 16:10:34 2007

What does the irs code 1201 mean?
Q. I called the irs and they could tell me nothing I know we do not own taxes I mean hello I'm 18 and I got my taxes with no problem last year. The irs just said it was prossesing still. Where do i get a tax advocate?
Asked by smaarty - Fri Feb 12 00:38:28 2010 - United States - 4 Answers - Comments

A. I actually also had a 1201 code. I filed my taxes on Jan. 16th, I was told I would get my refund on 1/29/10. For some reason on 1/28/10 I checked the wmr and the status was your refund will be delayed due to 1201. I called the irs, no one knew anything, I finally got a tax advocate, and she looked into it for me, and mine was because I filed electronically and didn't furnish my W2 and i got back a big EIC, so I had to fax my tax return and my W2, they cancelled the hold on my refund on 2/4, and released my funds on 2/11, but I still haven't seen any money. I was told a 1201 is a catch-all when nothing else fits. When they want to manually review (not audit) your refund. Good luck to you, and keep us posted.
Answered by ilovesocksalot - Sat Feb 13 21:11:18 2010

What is section 528 & how does it compare to section 277 of the IRS code?
Q. Why would a homeowner's association (a non-profit) choose to file their federal returns under section 528 as opposed to section 277? What are the advantages? What are the disadvantages? Would the IRS website give me access to the tax code?
Asked by RUSerious - Sat Dec 22 16:02:39 2007 - United States - 1 Answers - Comments

A. A Good Question! 1. Section 277(a) applies to taxable social clubs or other taxable membership organizations operated primarily to provide goods or services to members. For more info: 2. Membership organization formed by a real estate developer to own and maintain common green areas, streets, and sidewalks and to enforce covenants to preserve the appearance of the development may be exempt as a social welfare organization if it is operated for the benefit of all the residents of the community. The term community generally refers to a geographical unit recognizable as a governmental subdivision, unit, or district thereof. Whether a particular association meets the requirement of benefiting a community depends on the facts and circumstances… [cont.]
Answered by Q&A time - Sat Dec 22 16:15:00 2007

Are these questions to the IRS logical and reasonable?
Q. A person goes into the IRS office with a 1040 filled out except for the signature. The following questions are proposed: I am not sure if I am required to fill out this 1040 Form. My friends told me that I must. What is the Code section that indicates a Form 1040 is required? Before signing the form, I read on the Form that I would be signing it under penalty of perjury. By signing the 1040, would be giving up my right to be silent under the 5th Amendment ? (A suspected murderer would not have to do or say anything.) Will an IRS offocial sign a statement, under penalty of perjury, indicating my requirements and the Chapter and Section that states my requirements? In other words, other than my friends, who in the IRS or what section of the… [cont.]
Asked by Chazerai - Mon Jan 1 22:10:45 2007 - United States - 10 Answers - Comments

A. If I were the "tax man" at the counter, this is what I would say to you: Your friend is right. If your income meets minimum requirements, you are required by law to file a return. Filing requirements are specified in section 6012 of the tax code, as approved by Congress. Since you've filled out the 1040 form in good faith, you have no applicable 5th amendment rights. You haven't committed a crime, and so you're in no danger of self-incrimination. However, if you fail to file (or sign), we will choose whether to pursue action against you. When you appear in court, you have the right to remain silent throughout as we lay out our case based on evidence we received from your employer, 1099's issued and your past returns. I have no… [cont.]
Answered by Mahal - Tue Jan 2 07:21:25 2007

Show me from The irs code book where anyone is requried to pay incometaxes .A individual on domestic income?
Q. I have not found anywhere in the IRS code book under any section that the incometax refe4rs to indivdual.Only to corporations and members of the corporations.
Asked by DRK1946 - Wed Jul 4 19:32:32 2007 - United States - 7 Answers - Comments

A. LOL, lot of tax protestors today. 1. It is not the irs code book. To the best of my knowledge, there is no such thing. 2. The internal revenue code is codified in the U.S. Code. Specifically, Title 26. 3. Title 26 of the U.S. Code is considered prima facie law. The "positive law" or the Internal Revenue Code is contained in the U.S. Statutes at Large and anyone can read those at any Federal Depository Library. Title 26 is the codification of the Internal Revenue Code. 4. In Title 26, Subtitle A, Chapter 1, Subchapter A, Part 1 - "Tax on Individuals", SS 1. "Tax imposed". It states, "There is hereby imposed on the taxable income of..." 5. In Kaetz v. Internal Revenue Service, 225 F.3d 649, 2000, the… [cont.]
Answered by NGC6205 - Wed Jul 4 20:48:25 2007

What does these IRS Tax Codes mean?
Q. I am trying to understand my joint account transcript with my ex-spouse. What does these codes mean or signify? CODE 150, 806, 826, 971, 766, 290, 826, 971? Is it possible that the transcript will not show any balance when in fact the account is actually on hold/frozen until the final changes in calculations are made? I am just trying to make sense of it. My ex tells me we have about $10K balance for filing joint in the last 5 years. But then when I got the transcript the numbers there doesn't match what he says. We are divorcing and I do not trust my ex because he has hid a lot of info from me and he acts like he didn't do anything wrong. If you are an accountant please help. My ex- already destroyed my credit. I just want to have a… [cont.]
Asked by ? - Fri Sep 18 13:17:25 2009 - Marriage & Divorce - 1 Answers - Comments

A. and what... prey tell... does this have to do with marriage and divorce??? troll alert... troll alert...Troll alert.
Answered by Cyclist 2300 - Mon Sep 21 13:06:22 2009

What IRS code will appear after 1181?
Q. Once I have been at 1181, what code will come up next? Once I have been at code 1181 for 7 weeks, what code wil appear next?
Asked by timpers - Mon Apr 20 07:29:36 2009 - United States - 1 Answers - Comments

A. Probably something in your return is holding up processing... there is no more code after this and IRS can take as long as they need to figure out what is wrong...
Answered by AK - Mon Apr 20 11:47:21 2009

I have been getting different irs codes 1221?
Q. My efile was accepted on 01/17/2011 and was to be deposited on the 28th...it was never deposited so i called. The IRS told me that my refund was pulled for quality review and to wait 3 weeks. I have been checking the refund link on the irs site and it updated to say "you should recieve your refund by Feb 25th"...I checked the site again and it said "your refund is/was direct deposited on Feb 11" so I called the IRS and they told me that my refund will be deposited on the 11th...I checked the site again today and now it says your refund is being processed and you should receive it within 4 weeks with a reference code 1221...I called the irs and they said that my refund is still confirmed for deposit on the 11th (tomorrow) [cont.]
Asked by - Thu Feb 10 07:52:35 2011 - United States - 1 Answers - Comments

A. 1221 could mean that someone is looking at some thing that was entered on the income tax return and reviewing the information before the final decision is made about the delivery or the day that the IRS will send out the anticipated REFUND amount that is expected to be sent out early AM on some Friday morning when they finish the review or whatever is going on with this income tax return to the satisfaction of the IRS office. Hope that you find the above enclosed information useful and good luck to you.
Answered by - Thu Feb 10 08:18:41 2011

Do you know anything about the IRS code #508C1 that some non profits use ?
Q. From what I have read that if it is filed under state laws and with the IRS code #508C1 they will be operating outside the jurisdiction of the United States.
Asked by Good Guy - Mon Oct 26 12:40:39 2009 - United States - 1 Answers - Comments

A. USC Title 26, SS508c1 specifically exempts churches and some other religious organizations from the requirements of 501(c)(3) rules for non-profit organizations. 26 USCS SS508 Special rules with respect to 501(c)(3) organizations. (c) Exceptions. (1) Mandatory exceptions, Subsections (a) and (b) shall not apply to (A) churches, their integrated auxiliaries, and conventions or associations of churches.
Answered by Mathew - Mon Oct 26 12:55:43 2009

Do Businesses Required Churches to Have IRS Determination letter before they will donate?
Q. I understand Churches are not required to apply for exemption because they are automatically exempt under IRS code. However, in the real world of business, I would like to know if donors such as other nonprofit, and for-profit businesses require "CHURCHES" to provide an "Irs tax determination letter" before they donate though other nonprofits are required to by businesses.
Asked by John - Tue Apr 7 15:01:07 2009 - United States - 1 Answers - Comments

A. In my real world experience, churches generally do not apply to the IRS for a determination letter proving they are exempt from income taxes because (as you noted) they are not required to do so. Thus, potential donors don't ask churches for a copy of their IRS letter, since most churches don't ever get such a letter. Churches often will apply for a state certificate proving they are exempt from sales taxes, since that helps in purchasing everything from paper clips to pipe organs. If you own a business that is considering contributing to a church, you might ask to see their sales tax exemption certificate as a second-hand way of checking their nonprofit status.
Answered by cynic47 - Tue Apr 7 16:25:24 2009

Are medical benefits paid to volunteers taxable income under the IRS Code?
Q. If a rural fire department that has volunteers, not paid employees, decides to provide the volunteers paid health insurance, or other non-salary benefits, are these taxable income? And, do they trigger workers compensation issues in Idaho?
Asked by Oliver D - Mon Dec 21 16:18:32 2009 - United States - Answers - Comments

A. Dear OD: The employer(fire dept) will be able to tell you. If they are not up to speed look at the IRS "Taxable Fringe Benefits Guide". This pub explains how fringe benefits work and which are taxable which are deferred and which ones are exempt. Most health insurance plans paid for by the employer (if you are a volunteer, you are considered an employee for this determination) are tax exempt. The same applies to "de mininimis benefits" such as coffee at the firehouse. This advice was prepared based on our understanding of the tax laws in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent
Answered by hrblockerrolquinn - Mon Dec 21 17:27:21 2009

on code 9001 what does TIN mean in IRS reference codes?
Q.
Asked by - Fri Jan 28 00:19:55 2011 - United States - 4 Answers - Comments

A. I got this also. My Taxact.com return was accepted on the 19th, and up until the 26th, I showed a direct deposit date of 1/29. After that, I have since been getting the same reference 9001 message. Today I had the free thirty minutes to call, so I did. Here is the answer I received. "I know this sounds kind of lame (I swear, that's what the IRS guy said!), but basically there is nothing wrong with your return. Our computers could not handle the amount of refunds it received, so some got resequenced and essentially delayed until the 11th. Unfortunately, yours was one of them." So, due to no fault of our own, we are pushed back because they can't handle it. Dontcha just LOVE the IRS. BTW, he indicated to keep checking back, and… [cont.]
Answered by - Fri Jan 28 13:42:26 2011

Does IRS code 1381 really take 6 to 8 weeks? I have a refund due to me but code 1381 is holding my refund up.?
Q. I called my state office and they say I have no outstanding balance..
Asked by mbartlett0724 - Tue Feb 16 09:36:57 2010 - United States - 1 Answers - Comments

Ive received a letter about discharging a debt over $600 using section 6050p of the IRS code. Am I in trouble?
Q. This financial instution has been trying to get us to pay for something that I thought we had paid up. We were never contacted until 3 or 4 yrs later, after this place of business either got sold or changed hands. The place called us sereval times to get their money. I told them that the bill was paid. This instution was a loan company. I told them I wanted a bill or a copy of everything that we paid. They never sent it. They called again about 6 months later and I repeated myself again about I wanted a copy of what we had paid. Now they have sent me this thing for the IRS. Something about section 6050P of the IRS code requires that they report the discharge of any debt over $600. Are they going to hijack my taxes or what
Asked by Julie S - Wed Dec 6 13:42:47 2006 - United States - 4 Answers - 1 Comments

A. If you're absolutely sure you paid off the balance in full, try to find proof and submit to the IRS, either separately or with your return. Reporting a discharged debt is no big deal. Any debt that has been discounted by $600 or more must be included in your income (AGI). But by the time you minus standard or itemized deductions to reach your taxable income, you might not even notice it at all. Depending of course how much over the $600 they forgave and your actual income. Don't sweat it.
Answered by Celeste - Thu Dec 7 13:34:29 2006

How do you plan to change the IRS tax codes to make them more fair, and less complicated?
Q. Do you plan to replace the itemized deduction for mortgage interest? Do you plan to allow the deduction for charitable contributions to be removed?
Asked by - Sat Jan 7 10:50:54 2012 - United States - 3 Answers - Comments