I totally get your confusion - I had this exact same panic attack when I first saw that "2024 Verification of Non-Filing Letter" on my transcript page! It's one of those things that sounds scary but is actually completely normal. The reason you're seeing the 2024 verification letter is simply because we're still in 2024 and nobody has filed their 2024 tax returns yet (those won't be due until April 2025). The IRS system automatically makes this document available for the current tax year. What's important is that you can see your 2023 Return Transcript in that list - that's your confirmation that the IRS successfully received and processed your February filing. If there had been any issues with your return, that transcript wouldn't be available. Your state refund coming through weeks ago is totally separate from federal processing. State tax agencies work independently from the IRS and often move much faster, so that timing doesn't indicate anything about your federal return status. For tracking your federal refund, definitely use the "Where's My Refund" tool on the IRS website - just plug in your SSN, filing status, and expected refund amount for real-time updates. The transcript section can be really confusing to interpret, but you're all set if that 2023 transcript is accessible!

I completely understand your confusion! This exact same thing happened to me and I was so worried until I figured out what was going on. The "2024 Verification of Non-Filing Letter" appearing is actually totally normal and nothing to worry about. It shows up because we're still in 2024, and nobody has filed their 2024 tax returns yet (those aren't due until April 2025). The IRS system automatically generates this option for the current tax year. The key thing to check is whether you can see and access your "2023 Return Transcript" in that same list - and it sounds like you can! That's great news because it means the IRS successfully received and processed your 2023 return that you filed in February through TurboTax. Your state refund coming through weeks ago is completely normal too. State and federal tax systems operate independently from each other, and state agencies often process returns much faster than the IRS. So the timing of your state refund doesn't indicate anything about your federal return status. If you're waiting on your federal refund, I'd recommend checking the "Where's My Refund" tool on the IRS website. Just enter your SSN, filing status, and expected refund amount for the most current updates on your federal refund processing. You're all good - no need to panic! The IRS website can definitely be confusing with all these different transcript options, but you're in great shape if that 2023 transcript is accessible.

I'm going through the exact same thing right now! Just got my second letter after completing the ID.me verification and I was so confused why they wanted me to call again. Reading through all these comments has been incredibly helpful - it's clear that the IRS has two completely separate verification processes that don't communicate with each other at all. It's absolutely ridiculous that they don't explain this clearly in their letters. I feel so much better knowing I'm not the only one dealing with this nightmare. Going to try calling first thing tomorrow morning at 7am with my old tax returns ready. Thanks to everyone who shared their experiences - this thread has been a lifesaver!

This whole thread is incredibly helpful! I'm dealing with a similar verification mess right now and was getting so frustrated thinking the IRS systems were broken (well, they kind of are). The fact that so many people have gone through this exact same confusing dual verification process makes me feel less alone in this nightmare. It's absolutely mind-boggling that the IRS doesn't clearly explain that ID.me and phone verification are two completely separate systems. I've been putting off making that call because I thought I was done after the online verification, but now I understand I have no choice. Really appreciate everyone sharing their experiences and tips - especially about calling early at 7am and having old returns ready. This community has saved me weeks of confusion!

Wait, I'm confused about something. If the equipment was fully depreciated under Section 179, wouldn't the basis be zero? And if you sell it for any amount, all of that would be gain, right? But is that gain ordinary income or capital gain?

Just want to add one important point that hasn't been mentioned - make sure you're completing the "Final Return" checkbox on page 1 of Form 1065 if this is truly your last year of operations. This signals to the IRS that you're dissolving the partnership and helps avoid any follow-up notices about missing future returns. Also, when you distribute any remaining assets or cash to partners after selling the equipment, those distributions need to be reported properly on the partners' K-1s. If the distribution exceeds a partner's basis in the partnership, it could create additional taxable gain for them personally. Given that you mentioned this is a wind-down situation, you'll want to track everyone's ending basis carefully to avoid surprises at the individual level. The Section 179 recapture discussion above is spot-on, but don't forget that the character of this income (ordinary vs. capital) flows through to the partners' individual returns, so they need to understand how it affects their personal tax situation too.

Don't forget about nonbusiness income! When I first did our state apportionment, I focused only on the three factors for business income and completely missed that nonbusiness income has totally different allocation rules. Things like interest income, rental income from properties not part of your regular business, and gain/loss from selling business assets often get allocated 100% to specific states rather than being apportioned. This was a painful lesson when we had a significant capital gain that year.

As someone who just went through this exact process last year, I want to emphasize the importance of getting your nexus analysis right BEFORE you start building your apportionment file. We made the mistake of creating apportionment calculations for states where we thought we had nexus, only to discover later that some states had different thresholds or that certain employee activities didn't actually create nexus. Start with a comprehensive nexus study considering: - Physical presence (employees, property, offices) - Economic nexus thresholds (sales amounts) - Click-through nexus or affiliate nexus rules - Payroll nexus thresholds Once you know exactly which states you need to file in, THEN build your apportionment methodology. Also, consider whether you need to register for nexus in any new states before your first filing - some states require registration within 30 days of establishing nexus. The remote work situation adds complexity because employee work locations can create nexus even if you don't have a physical office there. Document everything well because if you get audited, they'll want to see your methodology and supporting records.

Make sure you also contact Social Security Administration! A lot of people forget this step. Your W-2 info gets reported to them as well as the IRS, and it's important that your earnings are properly credited to your Social Security record. You can call them at 1-800-772-1213 or visit your local SSA office. Bring both the incorrect W-2 and the corrected W-2c when you get it. They can verify that your earnings are properly recorded under your correct SSN.

This is definitely stressful but you're not alone - SSN errors on W-2s are more common than you'd think! Here's what I'd recommend based on what others have shared: 1. Contact your employer ASAP for a W-2c (corrected W-2). Be polite but firm about the urgency since this affects your refund timing. 2. Don't panic about your filed return yet. If you e-filed, the IRS will likely reject it automatically due to the SSN mismatch, which actually makes things easier since you won't need to amend. If it goes through processing, you'll need to file a 1040-X amendment. 3. Keep detailed records of everything - the original incorrect W-2, the corrected W-2c when you get it, and all correspondence with your employer. One thing I learned from my own tax issues is that the IRS is actually pretty understanding about genuine errors like this. They see it all the time. The key is being proactive about fixing it rather than hoping it goes unnoticed. Also, definitely check your "Where's My Refund" status online regularly. If your return was accepted despite the error, you'll probably see it get flagged for manual review, which will delay processing but isn't the end of the world. Hang in there - this will get sorted out, it just might take a bit longer than originally planned!