Can't reach IRS? Claimyr connects you to a live IRS agent in minutes.
Claimyr is a pay-as-you-go service. We do not charge a recurring subscription.
Using Claimyr will:
- Connect you to a human agent at the IRS
- Skip the long phone menu
- Call the correct department
- Redial until on hold
- Forward a call to your phone with reduced hold time
- Give you free callbacks if the IRS drops your call
If I could give 10 stars I would
If I could give 10 stars I would If I could give 10 stars I would Such an amazing service so needed during the times when EDD almost never picks up Claimyr gets me on the phone with EDD every time without fail faster. A much needed service without Claimyr I would have never received the payment I needed to support me during my postpartum recovery. Thank you so much Claimyr!
Really made a difference
Really made a difference, save me time and energy from going to a local office for making the call.
Worth not wasting your time calling for hours.
Was a bit nervous or untrusting at first, but my calls went thru. First time the wait was a bit long but their customer chat line on their page was helpful and put me at ease that I would receive my call. Today my call dropped because of EDD and Claimyr heard my concern on the same chat and another call was made within the hour.
An incredibly helpful service
An incredibly helpful service! Got me connected to a CA EDD agent without major hassle (outside of EDD's agents dropping calls ā which Claimyr has free protection for). If you need to file a new claim and can't do it online, pay the $ to Claimyr to get the process started. Absolutely worth it!
Consistent,frustration free, quality Service.
Used this service a couple times now. Before I'd call 200 times in less than a weak frustrated as can be. But using claimyr with a couple hours of waiting i was on the line with an representative or on hold. Dropped a couple times but each reconnected not long after and was mission accomplished, thanks to Claimyr.
IT WORKS!! Not a scam!
I tried for weeks to get thru to EDD PFL program with no luck. I gave this a try thinking it may be a scam. OMG! It worked and They got thru within an hour and my claim is going to finally get paid!! I upgraded to the $60 call. Best $60 spent!
Ask the community...
- DO post questions about your issues.
- DO answer questions and support each other.
- DO post tips & tricks to help folks.
- DO NOT post call problems here - there is a support tab at the top for that :)
Join the conversation
Join the conversation
Adding another confirmation here - I'm a CPA and deal with this scenario regularly during tax season. You made the right move and there's absolutely nothing to worry about! The confusion often comes from people mixing up Traditional IRA rules (where contributions are deductible and affect your tax return) with Roth IRA rules (where contributions are after-tax and don't appear on your return). Since you're contributing to a Roth IRA: - No tax deduction means no impact on your already-filed return - Schwab will handle all the IRS reporting via Form 5498 - You're well within the April 15th deadline for 2025 contributions The only time you'd need to amend would be if you qualify for the Saver's Credit based on this contribution and your income level. But otherwise, you're all set! This is actually one of the benefits of Roth IRAs - the flexibility to contribute right up until the tax deadline regardless of when you filed. Don't second-guess yourself on this one - Schwab's customer service gave you the correct information.
Cynthia Love
ā¢This is exactly the kind of professional reassurance I needed to hear! As someone new to IRAs, it's so easy to get confused between Traditional and Roth rules. Your explanation about why Roth contributions don't affect already-filed returns makes perfect sense now - since there's no deduction, there's nothing to report or amend. I really appreciate you mentioning the Saver's Credit possibility too. I hadn't even thought about that. My income is probably too high to qualify, but it's good to know that's something to check for future years. It's such a relief to have multiple CPAs and tax professionals confirming this is totally normal and legal. I was seriously considering calling Schwab back to change it to a 2026 contribution just to be safe, but now I'm confident keeping it as 2025 was the right move. Thanks for taking the time to explain this so clearly!
Omar Farouk
I'm going through this exact same situation right now! Filed my taxes last week and then realized I hadn't maxed out my Roth IRA yet for 2025. Reading through all these responses has been incredibly helpful - it's reassuring to see so many tax professionals and people who've been through this confirming it's completely fine. What really clicked for me was the explanation about how Roth contributions are after-tax money, so they don't affect your tax return at all. I was getting confused thinking about it like a Traditional IRA deduction, but that's a totally different situation. I'm definitely going ahead with my contribution before April 15th now instead of waiting until next year. Thanks to everyone who shared their experiences and expertise - this community is amazing for getting real answers to tax questions that keep us up at night!
I'm so glad this thread helped you feel confident about your decision! It's amazing how these tax situations can cause so much anxiety when they're actually pretty straightforward once you understand the rules. The distinction between Traditional and Roth really is the key - I wish more people understood that difference upfront because it would save a lot of stress during tax season. Good luck with your contribution, and you're absolutely right that this community is fantastic for getting real-world answers from people who've actually been there!
Join the conversation
I'm new to this community and unfortunately going through this exact situation right now! Just got both 810 and 570 codes on my transcript about 2 weeks ago, and like everyone else here, the IRS gave me the dreaded 180-day timeline. Reading through all these experiences has been incredibly helpful and reassuring - I had no idea this was such a common issue! It sounds like most people's cases resolve much faster than the timeframe they quote. I think mine was triggered by some rental property income that was new this year, plus I changed jobs mid-year. The waiting and uncertainty is definitely stressful, but seeing so many success stories here gives me hope that it won't actually take the full 180 days. Thanks to everyone for sharing their experiences - it really helps to know we're not alone in dealing with these mysterious codes and long wait times!
Welcome to the community Ravi! I'm also new here and just went through this exact situation a few months ago. Rental property income is definitely a common trigger for the 810 code - the IRS systems automatically flag returns when there are new income sources or significant changes from previous years. In my case, I also had new rental income plus some changes in my W-2 income, and it took about 10 weeks to resolve instead of the 120 days they initially told me. The key thing I learned is that these are mostly routine verification processes where they're just matching up what you reported with information they received from third parties. Try not to stress too much about the 180-day timeline - based on everyone's experiences here, that's really just their worst-case scenario. The waiting is tough, but you'll get through it! Keep us updated on how your case progresses.
I'm new to this community and currently dealing with the exact same situation! Just got both 810 and 570 codes on my transcript about 3 weeks ago. The IRS rep I spoke with also gave me the 180-day timeline, which honestly made me panic at first. But reading through everyone's experiences here has been incredibly reassuring - it's clear that most cases resolve much sooner than that worst-case scenario they quote. I think mine might have been triggered by some freelance work I did last year that was reported on 1099s, which was different from my usual W-2 only income. The waiting and uncertainty is definitely stressful, especially when you're counting on that refund for some planned expenses. But seeing all these success stories where people got their refunds in 8-12 weeks instead of 6 months gives me so much hope! Thanks to everyone for sharing their experiences - it really helps to know this is more common than I initially thought and that there's light at the end of the tunnel.
Welcome to the community Keisha! I'm also pretty new here but wanted to share that I'm going through this exact same thing right now. Got my 810 and 570 codes about 5 weeks ago and was initially terrified when I saw them on my transcript. Like you, I think freelance 1099 income was probably my trigger - I had some side work last year that was completely different from my regular job. The 180-day timeline they give is definitely scary at first, but reading through all these stories has been such a relief! It seems like the vast majority of people here got their refunds resolved in 2-3 months instead of 6. The waiting is still hard, especially when you have expenses planned around that refund money, but at least now I know this is way more routine than it initially seemed. Keep checking in and let us know how your case progresses - we're all in this together!
Join the conversation
Amara Chukwu
Has anyone used the Section 179 deduction for an SUV recently? I thought there was a weight requirement of over 6,000 lbs for the full deduction? My CPA told me some SUVs don't qualify for the full amount.
Yes, there's definitely a weight requirement. The vehicle must have a GVWR (Gross Vehicle Weight Rating) of over 6,000 pounds to get the full Section 179 deduction. Many larger SUVs like the Expedition, Tahoe, Sequoia, etc. qualify, but smaller crossovers typically don't. If your SUV doesn't meet the weight requirement, there's a much lower cap on the deduction amount (around $19,000 I think, but that changes yearly). Also, the vehicle needs to be used at least 50% for business to qualify for any Section 179 deduction at all. If business use drops below 50% in a later year, you'll have recapture issues.
Aisha Khan
One thing to consider that might help reduce your tax burden - if you're planning to buy another business vehicle anyway, you could potentially time the purchase and sale strategically within the same tax year. Since you're looking at possibly getting a smaller, more fuel-efficient crossover, make sure it meets the 6,000+ lb GVWR requirement for Section 179 eligibility. Many crossovers don't qualify, which would limit your deduction to around $19,000 instead of the full amount. Also, since you mentioned you're a mortgage broker with an S-Corp, remember that the Section 179 deduction flows through to your personal return. If you expect your income to be significantly different next year, it might be worth considering the timing of both the sale and any new vehicle purchase to optimize your overall tax situation. The recapture is definitely painful, but at least you got the benefit of the deduction when you needed it. Just make sure to set aside cash for the tax hit when you do sell!
Great point about timing the transactions strategically! I'm curious though - since the original poster mentioned they're only 8 months into ownership, wouldn't there be additional complications with the business use test? I thought I read somewhere that if you don't maintain business use for the full recovery period (5 years for vehicles), there could be additional recapture beyond just the sale proceeds. Also, do you know if the timing within the tax year matters for the recapture calculation, or is it just based on the sale date regardless of when in the year it happens?
Join the conversation
I went through this exact same situation last year and can confirm that everyone's advice about using Code "B" is spot on. What really helped me was creating a simple spreadsheet to track all my transactions before transferring them to Form 8949 - it made the whole process much less overwhelming. One thing I'd add is to keep copies of all your brokerage statements and trade confirmations, even after you file. The IRS occasionally asks for documentation to support the cost basis information you're reporting, especially when it wasn't reported by your broker. Having everything organized made it easy when I got a letter asking for clarification on a few transactions. Also, if you're doing multiple forms (like if you have both short-term and long-term transactions), make sure you're using the right boxes at the top. It sounds like you've got this figured out with Box B for short-term unreported basis, but it's easy to mix them up when you're dealing with multiple forms. The whole process gets much easier once you do it the first time - I was stressed about it last year but this year it took me maybe 30 minutes to complete all my 8949 forms. You've got this!
Amina Diallo
ā¢This is such valuable advice about keeping documentation! I hadn't really thought about the possibility of the IRS asking for clarification later, but it makes total sense that they might want to verify cost basis information when it wasn't originally reported by the broker. Your spreadsheet idea is brilliant too - I've been trying to work directly from my brokerage statements, but organizing everything in a spreadsheet first would definitely make the transfer to Form 8949 much cleaner and reduce the chance of errors. It's really encouraging to hear that this gets easier with practice. Right now it feels pretty overwhelming, but knowing that experienced folks like you can get through multiple 8949 forms in just 30 minutes gives me hope that I'll get the hang of it too. Thanks for taking the time to share these practical tips!
I just wanted to chime in as someone who's been through this exact scenario multiple times. Code "B" is absolutely the right choice for your situation - when your 1099-B shows that cost basis wasn't reported to the IRS, that's exactly what Code "B" is designed for. One thing that might help ease your mind: this is actually a very common situation, especially with certain brokers who don't report cost basis for all types of transactions. The IRS is completely used to seeing Code "B" on Form 8949, and as long as you have your purchase records to support the cost basis you're reporting, you're in good shape. I'd also recommend double-checking your math before submitting - make sure the gain/loss you calculate by subtracting your cost basis (column e) from the proceeds (column d) makes sense based on what you remember about those trades. It's an easy way to catch any data entry errors before filing. You're doing everything correctly by selecting Box B at the top and using Code "B" for each transaction. Don't let the complexity of the instructions psych you out - your situation is straightforward and you've got all the information you need to file accurately.
Atticus Domingo
Just wondering - have any of you used software like TaxAct or TurboTax Business for handling the actual filing process for these complex entity changes? I tried last year and the software couldn't handle it properly. Ended up having to hire a CPA anyway.
0 coins
Beth Ford
ā¢Honestly, commercial tax software is pretty much useless for complex corporate restructuring. I tried using UltraTax last year for a C to S conversion and it couldn't handle even the basic forms properly. Some things just require professional expertise.
0 coins
Haley Bennett
Leslie, I went through something very similar when I inherited my father's C corp a few years ago. The QSub route you're considering is unfortunately a non-starter - as others have mentioned, it triggers immediate taxation on all the accumulated earnings through the deemed liquidation. What ended up working for my situation was a carefully timed straight C-to-S election on the original corporation, followed by strategic distributions over several years to minimize the tax hit. The key was understanding the ordering rules for S corp distributions and planning around the built-in gains tax period. One thing I learned the hard way is that you absolutely need to get professional advice on this - the tax implications are complex and the penalties for getting it wrong are severe. The accumulated earnings tax alone could be brutal if not handled properly. I'd strongly recommend getting a ruling request from the IRS for your specific situation before making any elections. Also, don't overlook simpler alternatives like taking reasonable compensation as an employee of the C corp or exploring whether any of the earnings qualify for the reduced tax rates on qualified dividends. Sometimes the straightforward approach ends up being more cost-effective than complex restructuring schemes.
0 coins
QuantumQuester
ā¢This is really helpful advice, Haley. As someone new to corporate tax issues, I'm curious about the timing you mentioned - how long did you wait between making the C-to-S election and starting distributions? And when you mention "ordering rules for S corp distributions," are you referring to how distributions come from different buckets (AAA vs accumulated E&P) that Elin mentioned earlier? I'm trying to understand if there's a way to minimize the double taxation hit even with the straightforward conversion approach.
0 coins
Ava Harris
ā¢Great question about the timing! I waited about 18 months after the S election before taking significant distributions, primarily to get through the built-in gains tax period (which is 5 years but the risk diminishes over time). Yes, exactly - the ordering rules determine whether your distributions come from the Accumulated Adjustments Account (AAA), Other Adjustments Account (OAA), or the accumulated earnings and profits from the C corp days. Distributions from AAA are generally tax-free to you as the shareholder, while distributions from accumulated E&P are taxed as dividends. The key strategy was building up the AAA through S corp operations before touching the old C corp earnings. We also coordinated with salary payments to optimize the overall tax picture. One thing to watch out for - if you take distributions that exceed your stock basis, you could trigger capital gains treatment, which might actually be preferable to dividend rates depending on your situation. I'd definitely recommend getting a tax projection done for different distribution scenarios before making any moves. The math can get complex quickly when you factor in state taxes, net investment income tax, and your overall income picture.
0 coins