Don't forget to check with your state too! The IRS is federal, but your state may have separate requirements for dissolving a nonprofit. In my state, we had to file articles of dissolution with the Secretary of State's office even after handling the federal 990.

FYI, I've filed the final 990-N for two small organizations and it's super easy! You just go to the IRS website, log in to the e-Postcard system, and there's literally a checkbox for "This is the final return." You check that, enter the dissolution date, and that's pretty much it. The whole process took me maybe 10 minutes.

23 Has anyone here actually been audited on something like this? I'm in a similar situation with my consulting LLC and now I'm worried the IRS will flag this as suspicious if I deduct the interest.

I went through this exact scenario with my freelance marketing LLC last year. The key is proper documentation - I created a simple memo for my business records stating that I was contributing personal funds (obtained through a personal loan) as capital to my LLC for business purposes. One thing that helped me was keeping a separate spreadsheet tracking every dollar of the loan proceeds and what business expense it covered. When I deducted the interest on Schedule C, I felt confident because I could prove 100% business use if questioned. Also, don't forget that as a single-member LLC, you're likely already mixing some personal and business aspects anyway (like using your SSN for tax ID initially). The IRS understands this structure - what matters is substance over form. Your loan interest deduction is legitimate as long as the funds went to legitimate business expenses.

I've been a freelance developer for 8 years, and the SSTB classification has always been confusing. My accountant told me the key factor is what your clients are actually paying you for. If they're paying for a finished software product or implementation, you're generally not an SSTB. If they're paying primarily for your expertise and advice, that leans toward consulting. In my business, I make it very clear in contracts that clients are paying for development and implementation of software solutions. Any planning or advisory components are presented as necessary steps in the development process, not separate consulting services.

I went through this exact situation last year as a freelance developer making around $150k. After consulting with a CPA who specializes in tech businesses, here's what I learned: Software development itself is generally NOT considered an SSTB, but the devil is in the details of how you structure and describe your services. The IRS looks at the "principal purpose" of your business. If you're primarily creating software products, building applications, or implementing technical solutions, you're likely in the clear. However, be careful about how you market yourself and structure your contracts. Avoid terms like "consultant" or "advisory services" if possible. Instead, focus on language like "custom software development," "application implementation," or "technical solutions delivery." One thing that really helped me was keeping detailed time logs showing what percentage of my work was actual coding/development versus strategic planning or advice-giving. This documentation could be crucial if you're ever audited. At your income level of $145k, you're still well under the phase-out thresholds anyway, so even if some portion were considered SSTB, you'd likely still get most of the QBI benefits. But it's definitely worth getting this classification right for future years as your income grows.

If the direct deposit fails and you're waiting for a paper check, make sure your address is current with the IRS! I learned this the hard way last year when my check got sent to my old apartment. You can update your address by filling out Form 8822 but it might be too late if the check is already being processed.

I'm dealing with a similar situation right now - my direct deposit info got messed up and I'm stressed about waiting for a paper check. Based on what everyone's sharing here, it sounds like there are a few things you can try: 1. Call the IRS directly at 1-800-829-1040 ASAP - some people have had luck changing their info before processing is complete 2. Contact Venmo support to see if they'll still accept the deposit even with the suspension (like LilMama23 mentioned) 3. If you do end up waiting for a paper check, those tracking tools people mentioned might help reduce the anxiety of not knowing what's happening The most important thing seems to be acting fast since once the refund is fully processed, your options become pretty limited. Good luck with getting this sorted out!

Has anyone here actually filed their taxes as a Doordash driver? Curious what your effective tax rate ended up being? I'm freaking out thinking I'll lose 25% of my earnings.

Just wanted to add my experience as someone who's been doing Doordash for over a year now. Your math on the tax rates is roughly correct, but like others mentioned, deductions make a huge difference. One thing I learned the hard way - don't just track mileage for actual deliveries. You can also deduct miles driven BETWEEN deliveries when you're actively looking for orders, driving to hotspots, etc. As long as you're "on duty" in the app, those miles count as business miles. Also, since you're in college, make sure you understand how your Doordash income might affect your financial aid eligibility. Sometimes earning too much can impact your FAFSA for the following year. Might be worth talking to your school's financial aid office about it. The quarterly estimated tax payments are super important too - don't wait until April to pay everything or you'll get hit with penalties. I use the IRS Form 1040ES to calculate mine each quarter.