topic My Fed Refund held up. Error 1242 code. When I called the IRS, they said it was a 14402 Section 6702(d). Frivolous Tax Submission. Anyone else experiencing this? in After you file

My Fed Refund held up. Error 1242 code. When I called the IRS, they said it was a 14402 Section 6702(d). Frivolous Tax Submission. Anyone else experiencing this?

msparks34 — Thu, 01 Apr 2021 19:21:11 GMT

Called experts -- no help. Have to wait for a letter from the IRS or a phone call for instructions.

Re: My Fed Refund held up. Error 1242 code. When I called the IRS, they said it was a . Frivolous Tax Submission. Anyone else experiencing this?

Mike9241 — Thu, 01 Apr 2021 19:30:43 GMT

what the IRS is apparently saying is that on the return you submitted there was a substantial underreporting of income or overstatement of expenses. you could be hit with a civil penalty of $5000 but form 14402 can be used to reduce this penalty.

Re: My Fed Refund held up. Error 1242 code. When I called the IRS, they said it was a . Frivolous Tax Submission. Anyone else experiencing this?

msparks34 — Sun, 04 Apr 2021 14:24:21 GMT

My income is based on Social Security and withdrawals from an IRA. I'm retired and I take the standard deductions. But I believe something else is the issue. I'm told I have to wait for them to call me or send me a letter.

Re: My Fed Refund held up. Error 1242 code. When I called the IRS, they said it was a . Frivolous...

SamS1 — Sun, 04 Apr 2021 22:54:03 GMT

Did you claim any dependents? Normally the code is used to freeze your refund until the IRS ask for more information. Generally, it is dependent identity information and they may want copies of Birth certificates or evidence the dependent actually lived with you.

Re: My Fed Refund held up. Error 1242 code. When I called the IRS, they said it was a . Frivolous...

SweetieJean — Sun, 04 Apr 2021 23:45:58 GMT

You are asking from TT Live. Did your Live Expert prepare or review the return?

Re: My Fed Refund held up. Error 1242 code. When I called the IRS, they said it was a . Frivolous...

msparks34 — Sun, 04 Apr 2021 23:51:26 GMT

Thanks for the update. We are a married couple, filing jointly for the past 56 years. No new dependents on this return.

Re: My Fed Refund held up. Error 1242 code. When I called the IRS, they said it was a . Frivolous...

msparks34 — Sun, 04 Apr 2021 23:51:58 GMT

Yes. I did the TT review. No help at this point.