Anyone know if we're supposed to enter these 1042-S values in local tax software? I use the Australian equivalent of TurboTax and there's nowhere obvious to put "foreign tax paid" from these forms.

Great breakdown from everyone here! As someone who's been through this exact situation, I want to emphasize that the 1042-S is really just a "receipt" showing what happened with your US-source income and withholding. The key thing to check is Box 7a (withholding rate) against your country's tax treaty rate. Australia has a pretty favorable treaty with the US - for most types of income like AdSense, the rate should be 0% or very low. If you're seeing 30% withholding, that means your W-8BEN wasn't properly processed or there was some other issue. One thing I learned the hard way: even if everything looks correct on your 1042-S, make sure you're reporting this income on your Australian tax return. The ATO can cross-reference this data, and you'll want to claim any foreign tax credits for whatever was withheld. Keep these forms with your tax records - they're essentially proof of income and tax paid that you may need later. If you're getting different withholding rates year over year for the same income source, that's usually a red flag that something needs to be fixed with your W-8BEN.

I just went through this exact same situation with my single-member LLC! Like others have mentioned, you're absolutely doing the right thing by entering everything in the business section of TurboTax, even though your 1099s have your personal SSN instead of your EIN. What helped me feel more confident was understanding that the IRS actually expects this kind of mismatch with single-member LLCs. Since your LLC is a "disregarded entity," your business income is ultimately treated as personal income anyway, so whether the 1099s show your SSN or EIN doesn't affect your actual tax liability. I'd definitely recommend asking your clients to use your EIN for next year's 1099s though - not for tax reasons, but for privacy and to help establish your business identity. Most clients are happy to update their records if you send them a clear email with your EIN and business name. Don't stress too much about it - you're handling this correctly and it's way more common than you might think!

I'm going through this exact same situation right now with my first-year LLC! Reading through all these responses has been incredibly helpful - I was definitely overthinking this whole thing and stressing myself out unnecessarily. It's really reassuring to see so many people confirm that entering everything in the business section of TurboTax is the right approach, even when the 1099s have your personal SSN instead of the LLC EIN. The explanation about single-member LLCs being "disregarded entities" for tax purposes makes it all click into place. I'm definitely going to reach out to my clients with my EIN and business name for next year's 1099s - not just for the privacy benefits, but also to start building that business credit history that was mentioned earlier. Thanks everyone for sharing your experiences and taking the stress out of this!

Thanks so much for this clarification! I've been making the same mistake as the original poster, thinking weekends didn't count. It's actually really helpful to know that the automated systems are running 24/7 - that explains why I sometimes see status updates on Saturday mornings when I check the app. I'm also dealing with gig work income (mainly Instacart and some freelance graphic design), so it sounds like I should be expecting closer to 30+ days rather than getting anxious at the 21-day mark. The additional verification process for self-employment income makes total sense from a fraud prevention standpoint. Does anyone know if there's a way to tell if your return is in the additional verification queue, or do you just have to wait it out?

As someone who's been through this process multiple times with gig work, I can confirm what others have said - it's definitely calendar days for the 21-day timeline! I learned this the hard way after obsessively counting business days and getting frustrated when my refund seemed "late." One thing that really helped me was setting up an IRS account online to view my tax transcripts. While it doesn't give you a play-by-play of every step, you can at least see when different parts of your return get processed. For gig workers especially, I've noticed the transcript will show when they've matched your 1099s against what you reported - that's usually when the additional verification happens. The worst part is just the waiting and not knowing, but knowing it's calendar days and that the systems are working weekends definitely helps set realistic expectations. Good luck with your refund!

I've been stuck with a 570 code since February 20th, and this thread has been more helpful than hours of searching the IRS website! After reading everyone's experiences, I'm realizing I need to be way more proactive. I've only been checking my account transcript sporadically, but it sounds like I should be monitoring both transcript types weekly for any changes. The local IRS office strategy is definitely something I'm going to try - I had no idea that was even an option. What's really encouraging is seeing that virtually everyone here eventually got their refund, even though the wait times seem totally random. I'm also planning to document all my attempts moving forward in case I need to escalate to Form 911 or contact my representative's office. One question for those who've been through this - when your 570 finally cleared, did you get any advance notice through transcript updates, or did the refund just appear suddenly? Trying to figure out if there are any warning signs to watch for that resolution is coming soon.

I've been stuck with a 570 code since February 16th, and reading through all these experiences has been both helpful and validating - at least I know I'm not alone in this nightmare! What strikes me most is how much more useful information is in this thread than anything available through official IRS channels. I'm definitely going to try the multi-pronged approach several of you have suggested: checking both transcript types weekly, calling my local IRS office during afternoon hours instead of the main number, and preparing to file Form 911 since I'm well past 30 days. The tip about asking agents to add a "taxpayer contact" note is brilliant - I never would have known to do that. It's frustrating that we have to become IRS experts just to get basic information about our own returns, but I appreciate everyone sharing their specific strategies and timelines. For those still waiting like me, it's reassuring to know that virtually everyone eventually gets resolution, even if the process is completely unpredictable.

Just a heads up - I did something similar with my community center last year. Make sure the loan document specifies a reasonable maturity date and repayment schedule, even if it's "balloon payment due in 3 years" or something similar. The IRS doesn't look favorably on loans that have no clear repayment terms, as they can look more like gifts. Also, keep records of any payments they make back to you. If they do default and you want to claim a bad debt deduction later, you'll need to show you made reasonable attempts to collect the debt.

One thing to consider that hasn't been mentioned yet - if your church is part of a larger denomination, check with their financial office first. Many denominations have established procedures for member loans and may even have template agreements that comply with both IRS requirements and their own governance rules. Also, consider setting up the loan with a nominal interest rate (like 1-2%) instead of zero interest. This can actually simplify things tax-wise since you avoid the imputed interest calculations entirely, and the small amount of interest income is usually manageable. The church can still benefit significantly from below-market rates without triggering the complex IRS rules around gift loans. Make sure you understand your state's usury laws too - some states have minimum interest rate requirements even for loans to nonprofits. Better to be safe and charge a small amount than risk having the loan structure challenged later.