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I've been tracking SBTPG patterns for the past three tax seasons and here's what I've observed: They typically do their main processing batch between 2-4 AM Eastern, but they also have smaller update cycles around 11 AM and 6 PM. The frustrating part is that their status page often lags behind actual processing by 6-12 hours. I've had refunds show "pending" online while the money was already in transit to my bank. My advice? Check your bank account directly rather than relying solely on their tracker - you might be pleasantly surprised to find your refund has already arrived even when SBTPG's website hasn't caught up yet.
This is really helpful data! @QuantumQuest, your observation about the status page lagging behind actual processing explains so much frustration I've had in the past. I always assumed if the website said "pending" that meant nothing was happening, but knowing the money could already be moving makes the wait feel less stressful. Thanks for tracking these patterns - it's exactly the kind of insight that helps newcomers like me understand what's really going on behind the scenes.
I'm dealing with the exact same situation right now! Filed through TurboTax, got IRS approval on Tuesday, and it's been radio silence from SBTPG since then. What's really frustrating is that I can track a pizza delivery in real-time, but my tax refund just disappears into this black hole between government agencies. Based on what everyone's sharing here, it sounds like 2-5 business days is pretty normal, but man, when you're waiting for that money it feels like forever. I'm going to try checking my actual bank account instead of obsessing over their tracker - sounds like the status page isn't always accurate anyway. Thanks for asking this question because I was starting to think something was seriously wrong with my refund!
@Reginald Blackwell I totally feel your frustration! That pizza delivery comparison is spot on - it s'wild how we can track a $15 order down to the minute but our own tax money just vanishes into the ether. I m'new to dealing with SBTPG myself, but reading through everyone s'experiences here has been super reassuring. Sounds like the 2-5 day wait is unfortunately just part of the process, even though it feels endless when you re'in the middle of it. I m'definitely going to start checking my bank directly instead of refreshing that SBTPG page every hour. Good luck with your refund - hopefully it shows up sooner than expected!
I've been following this thread as someone who had a very similar foreign account reporting situation a few years back. What really helped me was understanding the IRS's perspective on these issues - they're primarily focused on whether taxpayers are trying to hide income or evade taxes, not whether every form was perfectly attached. Since you reported all the income and filed your FBARs correctly, you've demonstrated good faith compliance with the substantive requirements. The Schedule B omission is more of a procedural oversight than a compliance failure. One practical tip that hasn't been mentioned yet: if you do decide to consult with a tax professional about this, bring copies of your filed FBARs and the pages from your tax returns showing the foreign interest income. This will help them quickly assess that you've met the core requirements and can provide more targeted advice about whether any action is needed. The peace of mind from knowing you've handled this correctly going forward is often worth more than the stress of trying to "fix" something that may not actually need fixing.
This is exactly the perspective I needed to hear! As someone who's been losing sleep over this exact situation, your point about the IRS focusing on intent rather than procedural perfection really puts things in context. I've been so worried about the missing Schedule B that I almost overlooked the fact that I did everything substantively correct - all income reported, FBARs filed on time, complete transparency about the foreign accounts. When you frame it as demonstrating good faith compliance versus trying to hide something, it makes so much more sense why this wouldn't be a major concern for the IRS. Your suggestion about bringing the FBAR copies and tax return pages to a professional consultation is really practical too. I think I might do that just for final peace of mind, but this whole discussion has already made me feel so much better about the situation. Thanks for adding that reassuring perspective!
Reading through all these responses has been incredibly reassuring! I was in a very similar situation last year where I properly reported foreign interest income and filed my FBAR correctly, but completely forgot to include Schedule B with my tax return. After going through the same anxiety you're experiencing, I ultimately decided not to file an amendment based on advice similar to what everyone here has shared. The key insight that helped me was understanding that I had met all the substantive compliance requirements - the income was reported, the FBAR disclosed the accounts to the government, and there was no attempt to hide anything. It's been over a year now and I haven't heard anything from the IRS about it. I made sure to include Schedule B properly on my next year's return and kept detailed documentation of everything. Sometimes the fear of what might happen is worse than the actual consequences, especially when you've done everything right from a substance perspective. Your situation sounds very similar to mine, and based on all the excellent advice in this thread, I think you can feel confident that you've handled the important parts correctly. Focus on getting it right going forward rather than stressing about a technical omission when you've been fully compliant with the core requirements.
Thank you for sharing your real-world experience with this exact situation! It's so helpful to hear from someone who actually went through the same anxiety and decision-making process. The fact that it's been over a year with no issues from the IRS really validates what everyone else has been saying about substance over form. Your point about the fear being worse than the actual consequences really resonates. I've been spiraling about this "mistake" when in reality I did report everything correctly and filed all required disclosures. Reading about your experience and outcome gives me the confidence to stop second-guessing myself and just focus on doing it right going forward. I think I'm going to follow the same approach you took - keep excellent records, make sure Schedule B is included properly this year, and trust that my good faith compliance with all the substantive requirements is what really matters. Thanks for adding that reassuring real-world perspective to an already incredibly helpful discussion!
Don't forget that sportsbooks are only required to report to the IRS when your winnings exceed certain thresholds (usually $600+ depending on odds), but YOU are still required to report ALL gambling winnings regardless of whether you received a W-2G form! Most of my bets fall under the reporting threshold, but I still have to declare them. Just because you didn't get a form doesn't mean you're off the hook.
Does anyone know if this applies to offshore sportsbooks too? I've been using one based in Costa Rica and they don't send any tax forms obviously. Do I still need to report these winnings?
Yes, you absolutely still need to report winnings from offshore sportsbooks! The IRS requires you to report ALL gambling income regardless of where it comes from or whether you receive tax forms. It doesn't matter if the sportsbook is based in Costa Rica, the UK, or anywhere else - if you're a U.S. taxpayer, you owe taxes on worldwide income including gambling winnings. The lack of official forms actually makes it more important to keep detailed records of your betting activity, since you won't have W-2G forms to rely on. I'd recommend keeping screenshots of your account statements and withdrawal records as documentation.
This is such a common source of confusion for new sports bettors! I went through the exact same panic last year when I realized I might owe way more in taxes than my actual profits. The key thing to understand is that when you place a winning bet, your "taxable winnings" should be calculated as the payout minus your original stake for that specific bet. So in your $1000 bet that paid $1200 example, you'd report $200 in gambling income, not $1200. However, keep in mind that you can't net your wins against losses from other bets unless you itemize deductions. Each winning bet is reported separately as income, and losses can only offset this if you choose to itemize rather than take the standard deduction. The biggest mistake people make is thinking the sportsbook's payout amount is what they owe taxes on. Always subtract your stake from winning bets when calculating taxable income. Keep detailed records of every bet - date, amount wagered, payout, and net result - because you'll need this documentation.
This is really helpful! I'm new to sports betting too and was getting overwhelmed by all the conflicting information out there. One question - you mentioned keeping detailed records of every bet. Do you recommend any specific apps or tools for tracking this, or is a simple spreadsheet sufficient? I'm worried about missing something important that could cause issues with the IRS later. Also, when you say "each winning bet is reported separately as income," does that mean I need to list out every single winning bet on my tax return, or can I sum them up by sportsbook or month?
Filed 1/28 and still stuck on processing with 2 checkmarks here too! Really hoping it moves to issued soon. Based on what everyone's sharing, it seems like late January filers are just now starting to see movement. @Amara Adebayo thanks for sharing your timeline - gives me hope that mine should update within the next week or so! π€
Same here! Filed 1/30 and been stuck on processing with 2 checkmarks for weeks now. Really appreciate everyone sharing their timelines - helps to know we're all in the same boat. @Amara Adebayo your timeline gives me hope too! Fingers crossed we all see movement soon π
Filed on 1/25 and still showing processing with the two checkmarks as well! Really helpful to see everyone's timelines here. Sounds like most late January filers are still waiting, but seeing @Amara Adebayo got issued after filing 1/29 gives me hope mine should move soon too. The waiting game is brutal when you're counting on that refund! π Will update here when mine changes status.
Carlos Mendoza
As someone who just went through this exact situation last month, I can confirm what others have said - you'll likely pay the difference to your home state when you register. I bought a car in Nevada (6.85% sales tax) while living in California (varies by location, mine was 9.25%). What I learned that might help you: some states have reciprocal agreements that make the process smoother, but most don't. California made me pay the full difference (2.4% in my case) at registration. However, the dealership in Nevada was super helpful - they prepared all the paperwork I'd need for California DMV and even gave me a checklist of required documents. One tip: call your home state's DMV ahead of time to confirm their exact policy and what paperwork you'll need. Some states are pickier about proof of purchase price or may require specific forms. Better to know upfront than get surprised at registration!
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Omar Zaki
β’This is really helpful, thanks for sharing your actual experience! I'm curious - when you called California DMV ahead of time, were you able to get through easily or did you have to wait on hold forever? I'm dreading having to deal with government phone lines but it sounds like getting that confirmation upfront is worth it. Also, did the Nevada dealership charge you California tax or Nevada tax initially? I'm wondering if I should ask the dealership in the neighboring state to collect my home state's tax rate upfront like someone else mentioned, or if it's easier to just handle it during registration.
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Justin Trejo
I actually work for a state revenue department (can't say which one for obvious reasons), but I can give you some insider perspective on this. The short answer is yes, you'll almost certainly owe your home state the difference. We call it "use tax" and it's designed specifically to prevent people from avoiding their home state's tax rates by shopping elsewhere. Here's what actually happens behind the scenes: when you go to register your vehicle, our system automatically calculates what you should have paid in sales tax if you bought it here. We then give you credit for any tax you paid to another state (you'll need to provide proof), and you pay the difference if there is one. A few things most people don't realize: - We base the tax on the higher of: purchase price or book value. So if you got a great deal, you might still pay tax on the higher book value. - Some fees and add-ons that weren't taxed in the other state might be taxable here. - Documentation fees and other dealer charges can affect your total tax owed. My advice? Get everything in writing from both the selling dealer and your home state DMV before you buy. The rules can be surprisingly complex and vary significantly between states.
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Zara Rashid
β’This is incredibly helpful to get the inside perspective! I had no idea about the book value vs purchase price thing - that could definitely catch someone off guard if they negotiated a really good deal. Quick question about the documentation - when you say "get everything in writing from both the selling dealer and your home state DMV," what specific documents should I be asking for? I want to make sure I have everything I need to avoid any surprises or delays when I go to register. Also, is there typically any wiggle room if there are discrepancies in how fees were calculated, or is it pretty much set in stone once the system calculates what you owe?
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