Just to add another perspective - don't forget about the potential for additional state-specific deductions that might apply to your situation! Since you're working in both California and New York as a temporary worker, you might qualify for some deductions that regular residents wouldn't get. For example, California allows deductions for certain professional expenses related to temporary work assignments. New York has some provisions for non-residents who are working temporarily in the state. These vary year to year, but it's worth investigating since your tax situation is more complex than a typical single-state internship. Also, one thing that caught my attention - you mentioned your parents will claim you as a dependent. Make sure to coordinate with them on this! If you're providing more than half of your own support with your internship income (which you very well might be with $65k), you might not qualify to be claimed as a dependent anymore. This could actually work in your favor since you'd get the full standard deduction instead of the limited dependent deduction. It might be worth running the numbers both ways - being claimed as a dependent vs. filing independently - to see which results in less total tax burden for your family overall.

Another thing to keep in mind is documentation and record-keeping for your multi-state internship situation. Since you'll be working in two different states with different tax rules, you'll want to keep detailed records of: 1. Your exact work dates in each state (CA: Jan-May, NYC: Jun-Aug) 2. All pay stubs from both employers 3. Any relocation expenses between the two positions 4. Receipts for temporary housing/living expenses in each location 5. Any work-related expenses that might be deductible in either state This becomes especially important if you end up filing part-year resident returns in both California and New York. The states will want to see clear documentation of when you were working where, and what income is attributable to each state. Also, since you're dealing with high-income internships in high-tax states, consider setting up a separate savings account specifically for taxes. With your total income around $65k, you'll want to have at least $15k-20k set aside to cover all federal, state, and local taxes. Having it in a separate account makes it easier to resist spending that money and ensures you're prepared when tax time comes around. The multi-state complexity definitely makes your situation more challenging than a typical internship, but with good record-keeping and planning, you should be able to navigate it successfully!

I ended up having to call the IRS after getting weird errors on WMR for weeks. Turns out there was a simple issue with my return they needed to verify. after spending like 3hrs on hold I finally got someone who fixed it in 5 minutes. if the error continues maybe try calling

I've been having similar issues with the Where's My Refund tool lately! Filed about a month ago and it's been giving me random errors like this too. From what I've learned, it's usually just system maintenance or temporary glitches - especially if you're checking during weird hours like 5am. The IRS systems are pretty outdated and can be unreliable. I'd recommend trying again later today during normal business hours (like 10am-4pm) and see if it works better. If you keep getting errors for more than a couple days, then it might be worth looking into your transcript or calling them directly. But most likely it's just a temporary system hiccup!

bruh the IRS be playing games fr. they take our money instantly but make us wait forever to get it back 💀

Been through this exact same situation! The 11/08 date is definitely when they mail it out, not when you'll receive it. I'd expect it to arrive anywhere between 11/13-11/17 depending on your location. Also keep in mind that if there are any postal holidays during that time it might add an extra day or two. The wait is brutal but you're almost there!

Hey! Tax professional here - wanted to add something important that I haven't seen mentioned yet. Since you mentioned this was your first job with "actual tax withholding," make sure you understand what all those deductions on your pay stub mean! Your W-2 will show not just federal income tax withholding, but also Social Security and Medicare taxes (FICA). Unlike federal income tax which you might get refunded, FICA taxes are generally not refundable - they go toward your future Social Security and Medicare benefits. Also, if you had any pre-tax deductions like health insurance or parking through the bank's benefits (some internships offer limited benefits), those will affect the taxable income shown on your W-2 compared to your gross pay. The good news is that as a summer-only intern, you probably fall into the lowest tax bracket and should get most of your federal withholding back as a refund. Just wanted to set proper expectations so you're not confused when you see all the different numbers on the form!

One more thing to keep in mind - if you moved after your internship ended (which is super common for students), make sure to set up mail forwarding with USPS or contact the bank's HR directly to update your address. I've seen so many students miss their W-2s because they moved back to campus or to a new apartment and forgot to update their info with former employers. You can usually find the HR contact info on old pay stubs or any employee handbook they gave you. Most companies are pretty good about updating addresses if you reach out before the end of the year. Way easier than trying to track down a lost W-2 later! Also, if the bank offered direct deposit, they might have an employee portal where you can check/update your address and potentially access your W-2 electronically when it's ready. Worth logging in to see if you still have access.

The deadline for issuing 1099-INT forms is January 31st for the copies that go to the recipients, and February 28th (or March 31st if filing electronically) for the copies that go to the IRS. So if you're dealing with 2023 payments, those deadlines have already passed for this tax year. For future reference, you'll also need to get a W-9 form from any individual or non-corporate entity you're paying mortgage interest to - this ensures you have their correct taxpayer identification number and address for the 1099-INT. Most legitimate lenders will provide this upfront, but if you're dealing with seller financing, make sure to request it early in the process. @Alexis Robinson - given that your 2023 payments totaled $27,600 in interest, this is definitely something you'll want to resolve quickly. If you missed the filing deadlines and needed to issue 1099-INTs, you may want to consult with a tax professional about potential penalties and how to remedy the situation.

This thread has been incredibly informative! I'm dealing with a similar situation where our small business purchased a rental property last year through seller financing from an individual. Based on all the great advice here, it's clear I need to issue a 1099-INT for the interest portion only. One thing I'm still uncertain about - when you're calculating the interest vs. principal split for 1099-INT reporting purposes, do you use the amortization schedule provided by the seller, or do you need to calculate it yourself using IRS guidelines? Our seller provided their own payment breakdown, but I want to make sure I'm reporting the correct interest amount to avoid any issues down the road. Also, for anyone who mentioned getting through to the IRS for confirmation - that's definitely something I'm going to try. With the amount of interest we paid last year (around $15,000), I want to be absolutely certain I'm handling this correctly before filing. Thanks to everyone who shared their experiences and tools that actually work!