I can really relate to your anxiety about this! I went through something very similar last year when I forgot to report about $32 in interest from a CD that matured. I was absolutely panicking and considering hiring a tax professional just to file an amended return. After talking to several people and doing way too much research, I learned that the IRS has what's called a "de minimis" concept - basically, they don't pursue amounts that are too small to be worth their administrative costs. For interest income under $50, you're really in that territory. Here's what I ended up doing: I kept detailed notes about the oversight (amount, source, when I discovered it) and decided to wait. It's been over a year now and I've never heard anything from the IRS about it. Even if I do eventually get a notice, it would just be a simple "you owe us $7 plus $0.50 in interest" type of letter. Your mom's advice is solid - she's seen enough tax seasons to know that sometimes the practical approach differs from the technically perfect approach. The stress and paperwork of amending for $28 just isn't worth it when the worst-case scenario is paying a few extra dollars later. Don't let this rob you of sleep! You made an honest mistake on a tiny amount. Focus your energy on making sure you catch everything next year instead of worrying about this one.

I'm a newcomer here but dealing with almost the exact same situation! I forgot to report $23 in interest income from my checking account and have been stressing about it for weeks. Reading through all these responses has been incredibly helpful and reassuring. What really stands out to me is how consistent the advice is from people with actual experience - both tax professionals and folks who've been through similar situations. The consensus seems clear: for amounts this small, the practical approach is to wait and see if the IRS even notices, and if they do, just pay the small amount they request. I especially appreciate everyone sharing their personal stories about similar oversights. It really helps normalize what feels like a huge mistake when you're in the middle of the anxiety spiral! The math is pretty straightforward - we're talking about owing maybe $5-7 in additional tax on a $25-30 oversight. Your mom's advice sounds spot-on, and it's backed up by what multiple tax professionals in this thread have said. Sometimes the "technically correct" answer (amend immediately) and the "practically reasonable" answer (wait it out) are different, especially for such minor amounts. Thanks for starting this discussion - it's helping more anxious taxpayers than just you! I'm definitely going to follow the advice about keeping a simple record of the oversight and then letting it go. The stress isn't worth it for such a small amount.

I've been through a similar PTET refund situation with entity dissolution, and here's what worked for me: Don't dissolve the S-corp until after you receive the PTET refund check. This keeps everything clean from a tax perspective. The timing works like this: File your 2023 S-corp return in early 2024 as normal, deducting the full PTET amount you actually paid in 2023. When the refund comes in Q1 2024, it goes to the still-existing S-corp. Then you file a short-period final return for 2024 (January 1 to dissolution date) that reports the refund as income. This approach avoids the complexity of trying to figure out who owns post-dissolution refunds and ensures proper flow-through treatment to shareholders. The alternative of trying to handle a refund after dissolution creates unnecessary complications with state agencies and potential issues with the final K-1s. One tip: Make sure to notify the state that issued the PTET refund about your planned dissolution date so they don't delay sending the check to a dissolved entity.

Great question about the K-1 complications! In my experience, you won't need to amend the 2023 K-1s because the PTET refund is treated as separate income in 2024, not an adjustment to the 2023 amounts. The 2023 K-1s should reflect the actual PTET deduction taken in 2023, and that doesn't change when you get the refund. For the short-period 2024 return, you'll issue new K-1s that show each shareholder's pro-rata share of the refund income. Since this is a final return, you'll want to make sure all shareholders understand they're getting a final K-1 for 2024 even though the entity was only active for a few months. One thing I learned the hard way: estimate the refund amount as closely as possible when filing the 2023 return so you can give shareholders a heads up about the 2024 income. Even though you can't know the exact amount, having a ballpark figure helps them with their tax planning. The state should provide some guidance on calculating the expected refund based on your estimated payments vs. actual liability.

Been in this exact situation before and I feel your stress! My refund got sent to a closed account in 2024 and here's what I learned: The timeline is usually 2-3 weeks total once the bank rejects the deposit. SBTPG takes about 5-7 business days to process the returned funds, then another 7-10 days to mail and deliver the paper check. Few important things: - Create an account on SBTPG's website to track status (though updates are slow) - Confirm your current address is on file with your tax preparer - The check comes in a very plain envelope that looks like junk mail - don't throw it away! - They'll deduct their processing fees from your refund amount I know waiting for $3,450 when you have bills is stressful, but it will come through. Just be patient and check that SBTPG status daily. Next year definitely pay your prep fees upfront to avoid this whole third-party mess!

I went through this nightmare last year and it was so stressful! My deposit got rejected in late March and I didn't get my check until mid-April - about 3 weeks total. The worst part is SBTPG's terrible communication - their website barely updates and calling them is like trying to reach aliens on Mars. Here's what actually helped me: I kept a daily log of checking their website status, made sure my tax preparer confirmed my address was current with SBTPG, and most importantly - I watched my mail like a hawk because that check really does look like total junk mail when it arrives. Almost threw mine in the trash! The fees they deduct are annoying but expected. Just hang in there - I know $3,450 tied up when you have bills due is absolutely anxiety-inducing, but it WILL come through. This system is broken but it does eventually work. Next year I'm definitely paying my prep fees upfront to skip this whole SBTPG mess entirely!

I've been dealing with this exact same issue and wanted to share what I learned after doing a deep dive into the tax code. The confusion around social casinos comes from the fact that they operate differently than traditional gambling. Technically, these are "sweepstakes" winnings since you're not directly gambling with cash - you're playing with virtual currencies that can be converted to cash prizes. The IRS treats sweepstakes winnings the same as gambling winnings though - all taxable as "other income" regardless of amount. Here's what I found helpful: keep a simple spreadsheet tracking your total winnings AND any money you spent on coin purchases. While you report the full winnings amount, having records of your "investment" in playing can be useful context if questions ever arise. For your $850, I'd recommend reporting it on Schedule 1 as "Sweepstakes winnings from social casino apps" just to be completely above board. It's a relatively small amount that won't significantly impact your tax liability, but it shows good faith compliance with tax law. The peace of mind is worth more than any hassle of adding one extra line to your tax return!

I'm dealing with a very similar situation and wanted to share what I learned after consulting with a CPA who specializes in digital income. The key distinction here is that social casino winnings fall under IRC Section 74 as "prizes and awards" rather than traditional gambling winnings under Section 165. This means they're taxable as ordinary income at fair market value when received, regardless of whether you get a 1099. For your $850, you should report it on Form 1040, Schedule 1, Line 8b as "Other Income" with a description like "Social casino sweepstakes winnings." The good news is that unlike traditional gambling, you can potentially deduct the cost basis of any purchased coins/tokens as an ordinary business expense if you kept detailed records. One important note: if you're planning to continue playing these games regularly, consider whether this might constitute a "business activity" for tax purposes, which could open up additional deduction opportunities but also requires more detailed record-keeping. The $600 reporting threshold only applies to the platform's obligation to send you tax forms - your obligation to report income exists regardless of amount. Better to report it properly now than deal with potential issues later if the IRS ever cross-references platform data.

I went through this exact same frustration last month! The IND-032-04 error is so confusing when you first get it. What ended up working for me was using the AGI method that @Elijah Jackson mentioned - just took the last 5 digits of my spouse's 2023 AGI and used that as the PIN. One tip that might help: if you're using tax software like TurboTax or H&R Block, sometimes they'll show you what AGI they're pulling from your prior year return when you import it. That way you can double-check you're using the right number before submitting. Also want to echo what others said about keeping better records - I now write down our PINs in a secure note in my password manager right after e-filing each year so this doesn't happen again!

Had this exact same rejection code last week and it was driving me crazy! What finally worked for me was a combination of suggestions I found here. First tried the AGI method (last 5 digits of spouse's prior year AGI) which didn't work for us, then I remembered my spouse actually saved their PIN in our shared Google Drive folder where we keep all our tax documents. Found it in a file called "2023 Tax Info" - might be worth checking if you have any shared folders or cloud storage where tax stuff gets saved. If you can't find it anywhere and the AGI method doesn't work, I'd definitely recommend the callback services people mentioned here rather than trying to get through to IRS directly. Spent 3 hours on hold myself before giving up. Sometimes having a fresh set of eyes look at your specific situation makes all the difference. Good luck!