The IRS is such a joke fr fr... why they gotta make everything so complicated 🤡

I'm going through this right now too! Got flagged for identity verification about 10 days ago and still waiting for the 4883C letter. From what I've researched, the IRS says it can take up to 30 days to receive the letter, but most people seem to get it within 2-3 weeks like others mentioned. The verification process itself is pretty straightforward once you get the letter - you can do it online or by phone. Just make sure you have your documents ready like Victoria suggested!

This is a great discussion on installment sales! One thing I haven't seen mentioned yet is the potential impact of the Net Investment Income Tax (NIIT) if your modified adjusted gross income exceeds certain thresholds ($200k for single filers, $250k for married filing jointly). The 3.8% NIIT can apply to both the capital gains portion and interest income from your installment sale, which could significantly affect your overall tax liability. This is especially important to consider if the installment payments push you over the NIIT threshold in years when you might not have crossed it otherwise. Also, don't forget about state tax implications - some states treat installment sales differently than federal rules, so you'll want to check your state's specific requirements. The tax deferral benefit can vary significantly depending on where you live.

One additional consideration I don't see mentioned yet - make sure you understand the depreciation recapture rules if this property was a rental. Even with installment sale treatment, any depreciation you claimed on the property gets "recaptured" and taxed at ordinary income rates (up to 25%) in the year of sale, regardless of when you receive the payments. This caught me off guard on my first owner-carry deal. I thought all the gain would be spread out over the installment period, but the depreciation recapture portion was due immediately. It wasn't a huge amount in my case, but definitely something to factor into your cash flow planning for the tax year when you close the sale. Also worth noting - if you're planning to reinvest the proceeds eventually, you can't do a 1031 exchange with an installment sale since you're not receiving all the proceeds at once. Just something to keep in mind if tax deferral through exchanges was part of your original strategy.

Just got my refund this morning! Same situation - Navy Federal with 3/13 DDD. Woke up to the deposit at 6am. So they released it a full day early. Hope you see yours soon too!

Congrats on getting your DDD! I'm also with Navy Federal but my transcript is still showing "processing" - no DDD yet. Filed on 2/15 so I'm hoping mine comes through soon. Navy Federal has always been good to me with early deposits on other things like paychecks, so fingers crossed they do the same for tax refunds. The waiting is definitely the worst part! Keep us posted on when yours actually hits your account - it'll give the rest of us Navy Federal members a good idea of their timing this year.

I'm in the exact same boat! Got my CP05 notice yesterday and have been spiraling ever since. Filed my return in early February with just W-2 income and standard deduction - nothing complicated at all. The 810 code showed up on my transcript about two weeks ago and I've been checking it daily hoping it would disappear. What's really frustrating is that I claimed the Child Tax Credit for my two kids, which I've done for years without any issues. Now I'm wondering if that's what triggered this "random" review. The timing couldn't be worse since I was planning to use my refund to catch up on some bills. Reading through all these responses is actually pretty reassuring though. It sounds like most people do eventually get their full refund, even if it takes the full 60 days. Still doesn't make the waiting any easier when you're living paycheck to paycheck and counting on that money. I guess I'll try to follow the advice here and stop checking my transcript every day. Maybe I'll set a weekly reminder instead. Thanks for posting this - it really helps to know other people are going through the same thing right now!

I'm dealing with the exact same situation right now! Got my CP05 notice a few days ago after seeing the dreaded 810 code on my transcript for the past couple weeks. Filed a simple return in mid-February - just W-2 income, standard deduction, and Child Tax Credit - so I have no idea why I got flagged for this "random" review. The most frustrating part is the complete lack of transparency from the IRS. They say it's to verify accuracy but won't tell you what specifically they're reviewing or give you any real timeline beyond "up to 60 days." Meanwhile I'm sitting here refreshing my transcript daily hoping to see some progress. Reading through everyone's experiences here is actually pretty comforting though. Sounds like the vast majority of these CP05 reviews end with the full refund being released, even if it takes nearly the full 60 days. I guess I just need to be patient and stop obsessing over my transcript every day. Thanks for sharing your experience OP - it really helps to know we're all in this together with these annoying delays. Hopefully we'll both see movement on our cases soon! 🤞

Based on what you've described, you should still be eligible for the Earned Income Credit. The IRS recognizes that temporary absences due to circumstances beyond your control (like travel restrictions during emergencies) don't automatically disqualify you from EIC if you maintain your US residence and intend to return. The key factors working in your favor are: 1) Your absence was unplanned and involuntary, 2) You maintained your US ties and residence, and 3) You have clear intention to return. With only $3,800 in earned income, you're well within the income limits for EIC. Make sure to keep documentation of your situation - any records showing why you couldn't return (travel restrictions, family emergency details, etc.) and evidence that you maintained your US residence (lease payments, bank accounts, etc.). File your return as a US resident - don't use any foreign residency forms since your situation is temporary. You should be able to claim the EIC without issues, but having that documentation ready will help if the IRS ever has questions about your residency status during 2023.

I want to echo what others have said about keeping thorough documentation, but also add that you might want to consider consulting with a tax professional who specializes in international situations, even for domestic taxpayers with temporary foreign presence. Your situation with the family emergency and travel restrictions sounds very similar to what many people experienced during the pandemic travel disruptions. The IRS has generally been understanding about these involuntary absences when determining residency for credit purposes. One thing I'd specifically recommend is writing a brief statement explaining your situation that you can attach to your return if needed. Include dates, the nature of the family emergency, when travel restrictions prevented your return, and evidence of your ongoing US ties (like continuing to pay rent, maintaining US bank accounts, etc.). This proactive approach can help avoid any potential delays or questions during processing. With your income level, you should definitely qualify for EIC as long as you meet the residency test - which it sounds like you do given the temporary nature of your absence. Don't let the complexity scare you away from claiming credits you're entitled to!