idk why but this whole thing of kids getting 1099s is wild to me. back in my day we just had lemonade stands 👴

Just to add some clarity here - yes your child can absolutely receive a 1099 at any age! Since they made $600 from content creation, whoever paid them should issue a 1099-NEC if it was from a single source. The key things to remember: 1) They'll need to file their own return since it's self-employment income over $400, 2) You can still claim them as your dependent, and 3) Definitely set aside money for taxes (self-employment tax is 15.3% plus regular income tax). Also make sure to track all business expenses - equipment, internet costs, etc. can be deducted!

Guys, I'm freaking out. It's been 2 months and still no refund. I really need that money for rent. Any advice? 😰

I'm going through the exact same thing! Filed electronically on Feb 10th and it's been radio silence since then. The "Where's My Refund" tool just keeps saying "still being processed" with no estimated date. Really hoping it's just the usual backlog and not something more serious. Has anyone who filed around the same time started getting their refunds yet?

I went through the exact same thing as a first-time filer! Got my 5071C letter in late February, verified online through ID.me on March 1st. It took exactly 14 business days for my transcript to update with the TC 571 release code, and then my refund was issued 5 days after that. The WMR tool was completely useless during this time - it didn't update until literally the day before my refund hit my account. My advice: check your transcript weekly on the IRS website instead of relying on WMR. The transcript will show you the actual hold codes and when they're released. Also, don't panic if it takes the full 21 business days - that seems to be pretty normal for identity verification cases, especially for first-time filers like us!

I'm going through the exact same situation right now! Filed my first US tax return in February and got the 5071C letter about 3 weeks later. Completed the identity verification through ID.me on March 3rd, and like you, I've been anxiously checking WMR every day with no updates. It's so frustrating coming from a different tax system where everything was more straightforward! Based on what everyone is sharing here, it sounds like 2-3 weeks after verification is pretty normal, but the waiting is definitely nerve-wracking. I've started checking my transcript instead of just WMR since several people mentioned that updates there first. Hang in there - sounds like we just need to be patient with the process, even though it's stressful when you're not familiar with how the IRS works!

As someone who's dealt with payroll system errors before, I'd recommend also checking your state tax withholdings if applicable. Sometimes when the federal SSN is wrong, it can cascade to state systems too, especially if your employer uses integrated payroll software. You should also verify that your employer's EIN (Employer Identification Number) is correct on your paystubs. If they've been reporting your wages to the wrong SSN, you want to make sure they're at least using the right employer ID so the IRS can potentially match things up later if needed. One more thing - if you have direct deposit, double-check that your bank account information in their system is correct. Sometimes when there are data entry errors in one field, there might be mistakes in others. Better to catch everything now rather than discover more issues at tax time.

I went through something similar a few years ago when my employer's payroll department made a typo in my SSN. Here's what I learned from that experience: 1. Get everything in writing from your HR department about the correction timeline. Don't just rely on verbal promises that it will be fixed. 2. Request a printout or screenshot of your corrected employee profile once they update it in their system. This serves as proof that the correction was made. 3. Follow up in December to confirm your W-2 will be generated with the correct SSN. Sometimes corrections get made in one system but don't carry over to the tax document generation system. 4. If you're concerned about your Social Security earnings record, you can create a my Social Security account at ssa.gov and monitor it periodically. While there's a delay in reporting, you'll eventually be able to see if your 2024 earnings are properly credited to your account. The good news is that since you caught this in October, you have plenty of time to get it resolved before W-2s are issued. Most employers are pretty responsive to fixing these types of errors once they're aware of them, especially when it affects tax reporting.

Has anyone used the corporate credit card approach? My accountant suggested getting a separate credit card for my S-Corp, putting all client-reimbursable expenses on that card, and then recording the reimbursements as direct payments against those specific expenses in my accounting software rather than as income.

This thread has been incredibly helpful! I'm in a similar situation as the original poster - just converted to S-Corp this year and have been struggling with how to handle client meal reimbursements properly. One thing I wanted to add that might help others: make sure you're keeping contemporaneous records of the business purpose for each meal. The IRS requires documentation of who you met with, what business was discussed, and the specific business relationship. Even with client reimbursement, you still need this documentation to support that it was a legitimate business expense in the first place. I learned this the hard way when my previous accountant told me I just needed receipts, but during a review, I realized I was missing the business purpose documentation for about half my meals. Had to go back through old calendars and emails to reconstruct what each meal was for. Now I write the business purpose right on the receipt when I get it, or immediately add it to my expense tracking app. Also, for anyone using the separate credit card approach that @Zoe mentioned - make sure that card is officially in your S-Corp's name, not just a personal card you designate for business use. The legal separation is important for maintaining your corporate protections.