Tax Code 150 on IRS Transcript 2022-2023 Tax Code 150 on an IRS Transcript means the return is received, entered into the IRS master file, and is under process within the system. Many taxpayers check their IRS account tax transcript for an update on their tax return processing and refund […]
Tax Topic 152 – Where’s My Refund? Tax Topic 152 (TC 152) is an IRS code usually indicating that a return is delayed and will take longer than the typical 21-day processing deadline. There are dozens of codes and topics, but one of the most common ones seen after filing […]
Pool Taxes – Does an Inground Pool Increase Property Taxes? While there are no direct pool taxes, an inground pool increases a property’s value In turn, this indirectly raises property taxes and insurance rates. In-ground pools tend to enhance property values, which in turn raises property taxes. The type of […]
What Is an Unrecaptured Section 1250 Gain? An unrecaptured Section 1250 gain occurs when selling real estate for financial gain after claiming depreciation tax breaks in previous years. Section 1250 is part of the Internal Revenue Service (IRS) tax code. It allows previously recognized depreciation to be reclaimed as income. […]
Attestation Meaning – What Is Attestation? Attestation Meaning: Witnessing the signing of a legal document and verifying with your signature that the individuals correctly signed it. It is the act of witnessing someone sign a legal document, such as a will or power of attorney, and then signing your own […]
She/Her Meaning – What Does “She-Her-Hers” Mean in a Bio? She/her meaning: In a signature or bio “she-her-hers” means that the person identifies as female and those are the gender pronouns she prefers. Maybe you have come across “she-her-hers” or “he-him-his” in an email signature or in communication. Or, you […]