Hey! I just went through this exact same thing last month. Filed on a Tuesday, got accepted Wednesday morning, and didn't see the advance until Friday evening. The 1-3 business day window is pretty accurate but it can feel like forever when you're watching for it! One thing that helped me was checking both the Credit Karma app AND logging into their website - sometimes one updates before the other. Also make sure you didn't accidentally set up the advance to go to a different account. Hang in there, it should show up soon! 🤞

I'm going through the exact same thing! Filed my return through TurboTax yesterday evening, got the acceptance email this morning around 9am, but still no advance showing up in my Credit Karma account. It's so stressful when you're counting on that money! I've been refreshing the app every hour like it's gonna magically appear 😅 Reading everyone's responses is really reassuring though - sounds like 24-72 hours is totally normal. Fingers crossed we both see our advances by tomorrow!

This happened to me last year too! My bank (PNC) rejected my direct deposit and I had no idea until I called the IRS after waiting forever. Here's what I learned from the experience: Your transcript will definitely update with code 846 and the date they mail the check - that's your best source of accurate info. From that 846 date, it took exactly 10 business days for my check to arrive (I'm in the Midwest). A few tips that helped me: 1. Check your transcript every 2-3 days rather than calling the IRS - their phone system is terrible for getting real updates 2. Sign up for USPS Informed Delivery ASAP - you'll get email previews of your mail each morning so you'll know exactly when the check is coming 3. Consider calling your bank to ask why they rejected it - mine said it was "fraud protection" but they could have called me first! The waiting is absolutely nerve-wracking when you need the money, but once that 846 code appears you can start the real countdown. Paper checks are actually pretty reliable once they're in the mail system. Hang in there! 🤞

This exact thing happened to me earlier this year! So frustrating when you're expecting direct deposit and suddenly you're back to waiting for snail mail. Here's what I learned from my experience: Your transcript will update with code 846 and the actual date they mail the check - that's your most reliable source of info rather than calling the IRS hotline. From that 846 date, mine took 9 business days to arrive (I'm in the Southeast). A couple things that really helped while I was waiting: - Sign up for USPS Informed Delivery if you haven't already - you get email previews of your mail each morning so you'll know exactly when it's coming instead of checking your mailbox obsessively - Check your transcript every few days rather than calling - way more accurate and less frustrating than trying to get through to an agent The whole situation sucks when you need the money, but once you see that 846 code pop up you're basically in the final stretch. Paper checks are pretty reliable once they're actually sent. Keep your head up! 💪

Has anyone used H&R Block or TurboTax for handling ISO sales with AMT credits? I'm wondering if they calculate everything correctly or if I need to use a specialized tax preparer for this.

This is a great question about AMT and ISO dispositions! I went through something very similar last year. One thing I learned that might help: when you sell those 3,000 shares at $6.75, you'll indeed have different tax treatments for regular vs AMT purposes. For regular tax, you'll have long-term capital gains of ($6.75 - $1.35) × 3,000 = $16,200. But for AMT purposes, you'll actually have a loss of ($6.75 - $13.50) × 3,000 = -$20,250. This AMT loss helps generate additional AMT credit that you can use to offset future regular tax liability. The key thing to remember is that AMT credits can only be used when your regular tax exceeds your tentative minimum tax in future years. So if you're planning to exercise more ISOs this year, you'll want to model out whether you'll be able to use those credits effectively or if they'll just carry forward again. I'd strongly recommend getting a tax projection done before you make any moves, especially if you're considering additional exercises. The timing of when you sell and exercise can make a huge difference in your overall tax bill.

@Kara Yoshida - I've been through this exact same frustration with Michigan! One thing that helped me was understanding that their "processing" status is actually pretty broad and can mean several different things. Sometimes your refund is already approved internally but the status won't update until the actual deposit is scheduled. Also, if you e-filed, Michigan typically takes 14-21 business days for straightforward returns, but if there are any discrepancies with your W-2s or if you're claiming education credits, it can easily stretch to 6-8 weeks. Have you tried accessing your account transcript through Michigan's online portal? Sometimes that shows more detailed status info than the basic refund tracker.

Adding to what others have shared - I work for a tax prep service and deal with Michigan returns daily. One thing that's not widely known is that Michigan Treasury actually has two different processing tracks: "standard" and "enhanced review." If your return gets flagged for enhanced review (which can happen for various reasons like large refund amounts, first-time filer, or mismatched data), it automatically gets moved to a slower queue that can take 8-10 weeks. The frustrating part is their Where's My Refund tool doesn't distinguish between these tracks - both just show "processing." If you've been waiting more than 4 weeks and it's a straightforward return, there's a good chance it's in enhanced review. The best way to find out is calling that number Dallas mentioned, but ask specifically about "processing track status" - most reps know what that means.

Has anyone filed a Form 709 electronically? When I go through TurboTax or H&R Block software, they seem to handle income tax returns but not gift tax returns. Am I missing something, or do these forms still need to be filed on paper?

Great question about Form 709! I went through this exact situation last year when I sold my townhouse to my nephew for $180k when it was worth $420k. One crucial detail that hasn't been mentioned yet - make sure you understand the timing requirements. Form 709 is due by April 15th of the year following the gift (so April 15, 2025 for your 2024 transaction). However, if you request an extension for your income tax return, it automatically extends your Form 709 deadline to October 15th. Also, since your gift amount ($405k) exceeds the 2024 annual exclusion of $18,000, you'll definitely need to file Form 709 even if you don't owe any gift tax due to the lifetime exemption. The IRS wants to track these large gifts against your lifetime exclusion amount. One more tip - if this is your first Form 709, make sure to include a clear cover letter explaining the transaction. The IRS appreciates transparency, and it can help avoid follow-up questions later.