Lol your boss is stuck in 2017! Mine said the same thing and I almost filed wrong because of it. The tax prep software kept asking about "unreimbursed employee expenses" and I entered everything but then got confused when it didn't seem to do anything with that info. Called my cousin who's an accountant and she explained the 2018 changes. Apparently the only real solution is to get your employer to reimburse you directly. My company now has a much better expense policy because so many employees complained after realizing they couldn't deduct stuff anymore.

Your supervisor means well, but they're definitely giving you outdated advice from before the Tax Cuts and Jobs Act. As others have mentioned, W-2 employees lost the ability to deduct unreimbursed business expenses in 2018. However, I'd suggest having a conversation with your company about their expense reimbursement policy. Since you're traveling regularly and they're already covering mileage and per diem, they might be willing to expand coverage to include things like safety equipment and protective gear that are genuinely necessary for your job duties. Many employers don't realize how the 2018 tax changes shifted the burden back to companies. What used to be a shared cost (employee pays upfront, gets partial tax benefit) is now entirely on the employee unless the company reimburses. It's worth framing it that way when you approach them - you're not asking for extras, you're asking them to cover legitimate business expenses that employees can no longer write off. Keep those receipts anyway though - you never know if the rules will change again, plus some states still allow these deductions even when federal doesn't.

these clowns posting fake deposit dates got me heated ngl

Thank you for posting this! I was getting so frustrated seeing all these "I got my EITC refund already" posts too. Like you said, it's literally impossible - the IRS systems won't even let them process these refunds until mid-February. I think some people are confusing regular refunds with EITC/ACTC refunds, or maybe they're remembering wrong from previous years. Either way, it's giving people false hope when we're all stuck waiting until at least February 15th. The PATH Act isn't optional for the IRS - it's federal law!

I dealt with a similar Robinhood 1099 issue last year. One thing that helped me was downloading my full transaction history from Robinhood's web platform (not just the monthly statements) and doing a line-by-line comparison. Sometimes the discrepancies come from how they categorize certain transactions or handle stock splits. Also, make sure you're looking at the right boxes on the 1099 - qualified dividends vs ordinary dividends are reported separately, and sometimes what looks like an error is just dividends being split between different categories. If you find a genuine error after double-checking everything, Robinhood's tax support team is actually pretty responsive during tax season. I got my corrected form in about 10 business days. Don't stress too much about the audit risk - 1099 corrections are extremely common and the IRS expects them. Just make sure you file with the correct information once you have it.

I went through something very similar with my Robinhood 1099-DIV last year! The discrepancy in my case was about $180, and I was panicking because I'd never dealt with this before. Here's what I learned: First, definitely don't file with numbers you know are wrong. The IRS gets copies of all 1099s electronically, so mismatches will get flagged eventually. Second, contact Robinhood through their tax document support (not regular customer service) - they have a dedicated team during tax season that's much more knowledgeable about these issues. When I contacted them, they found that the error was due to a dividend payment that got processed twice in their system during a corporate action. They issued a corrected 1099 within 8 business days, which was faster than I expected. One tip: when you contact them, have your exact dividend amounts from each month ready, along with the specific stocks/ETFs involved. This helps them track down the error much faster. Also, if you're worried about the filing deadline, remember that an extension gives you until October to file your actual return (though any taxes owed are still due by April 15th). The whole process was way less scary than I thought it would be. These corrections happen all the time, especially with newer brokerages that are still refining their tax reporting systems.

I'm still confused - so we WANT to pay taxes on Pell grants?? My financial aid office told me grants are usually tax-free. Does this only work if you have kids/dependents?

This is exactly the kind of confusing tax situation that trips up so many people! I went through the same thing last year with my two kids and Pell grants. The key thing to understand is that you're essentially "electing" to treat part of your grants as taxable income because it can trigger bigger refundable credits. When you have dependents and low earned income, sometimes paying a little extra tax on grants gets you WAY more back in Earned Income Credit and Additional Child Tax Credit. In your tax software, don't look for this in the income section at all - that's where I got stuck too. Go straight to the education section first, enter your 1098-T, then when it asks about qualified vs non-qualified expenses, that's where you make the magic happen. You can choose to "allocate" some grant money to non-qualified expenses (like room/board), which makes it taxable. The software should show you the impact on your refund before you finalize anything. In my case, making $6,000 of my grants taxable increased my tax by about $600 but boosted my EIC by $1,800 - so I came out $1,200 ahead! Don't feel bad about being confused - the IRS could definitely make this clearer in their guidance.

This thread has been incredibly helpful! I'm in a similar situation with a dissolved LLC but with only about $15K involved. Reading through all these responses, it seems like the key takeaways are: 1. Don't transfer directly between the old and new LLC 2. Move funds to personal account first as a final distribution 3. Then contribute to new LLC as capital 4. Document everything properly 5. Consider state-specific creditor notification requirements 6. Watch out for basis issues that could create taxable events One question I haven't seen addressed - does the timing matter? Like, should there be a waiting period between when you take the final distribution and when you contribute to the new LLC? Or can these happen back-to-back as long as they're documented as separate transactions? Also wondering if anyone knows whether the bank cares about this process. When I transfer the money to my personal account, do I need to provide any explanation to the bank about why I'm closing the business account, or do they just process it like any other transfer?

Just wanted to add one more consideration that I learned the hard way - make sure to check if your state has any specific requirements for notifying the Secretary of State about your intent to wind up the LLC, even if it was administratively dissolved. In my state (Colorado), even though my LLC was administratively dissolved for non-filing, I still had to file a Statement of Intent to Dissolve and go through a formal winding-up process to properly close everything out. This included a waiting period for potential creditor claims and required me to publish a notice in a local newspaper. I initially thought I could just transfer the money since the LLC was already "dissolved," but my attorney explained that administrative dissolution just suspends the LLC - it doesn't complete the legal wind-up process. Without going through proper dissolution procedures, I could have remained personally liable for any future claims against the old LLC. The whole process took about 3 months and cost around $800 in legal fees and publication costs, but it gave me peace of mind that everything was handled correctly. With $95K involved, it's definitely worth checking your state's specific requirements to make sure you're fully protected from any potential liability issues down the road.