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Just adding that besides SSNs, there are other types of TINs too: - EIN (Employer Identification Number) for businesses - ITIN (Individual Taxpayer Identification Number) for non-citizens - PTIN (Preparer Tax Identification Number) for tax preparers - ATIN (Adoption Taxpayer Identification Number) for pending adoptions So while most people's TIN is just their SSN, not everyone's is!
Yes, you can definitely have multiple TINs! As an individual with a business, you'd have your SSN for personal tax matters and an EIN for your business. Many people have both - your SSN identifies you as an individual taxpayer, while your EIN identifies your business entity. You'll use your SSN on your personal tax return (Form 1040) and your EIN for business-related forms and transactions. Just make sure to use the correct number for the right purpose - SSN for personal stuff, EIN for business stuff.
Just to add another data point - I filed on January 30th (the first day possible) with TurboTax, claimed EIC and Child Tax Credit for my two kids, and got my refund direct deposited on February 22nd. So that's exactly 23 days. The WMR tool was stuck on "processing" until about 3 days before the deposit hit, then changed to approved.
Were you checking the WMR tool daily? I'm wondering if the status updates happen in real time or if they batch update the system.
I'm in almost the exact same boat as you! Filed on February 5th through TurboTax, got accepted the next day, and I'm also claiming child tax credit for my son. Been stuck on "processing" for about 2.5 weeks now and starting to get anxious too since I need the money for some home repairs. Reading through these responses is actually making me feel a lot better - sounds like the child tax credit does add some processing time, and 3 weeks isn't unusual at all. The fact that Jackie got hers in 23 days with both EIC and child tax credit gives me hope that mine should be coming soon. I think I just need to be patient for another week or so before I start worrying that something's actually wrong. Thanks for asking this question - it's reassuring to know I'm not the only one feeling antsy about the timing!
Has anyone gotten a 2802C letter and just completely ignored it? What actually happens? I got one last year and kinda forgot about it until I saw this post...π¬
Yeah I ignored one in 2022 because I thought it was a scam (it looked weird). About 3 months later I got a CP2000 notice saying I owed $1,800 because of underreported income. Had to go through the whole dispute process which was a nightmare. Don't ignore it!
Thanks for sharing your experience. I guess I better dig up that letter and see what I need to do! Definitely don't want to end up with a surprise bill. Looks like I need to do some document hunting this weekend.
I actually went through this exact situation with a 2802C letter about 6 months ago. Like you, I was absolutely certain my withholding was correct - I had my W-2, pay stubs, everything matched perfectly. Here's what I learned: The 2802C is basically the IRS saying "hey, we're looking at this" rather than "you definitely owe money." In my case, it turned out my employer had filed a late correction to their payroll reporting that I wasn't aware of. The withholding amount I reported was correct based on my W-2, but the employer had submitted an updated form to the IRS after year-end. My advice: Don't panic, but definitely don't ignore it. Keep all your documentation organized and wait for the follow-up letter. If you get a CP2000 notice later and you're still confident your numbers are right, you can absolutely dispute it with your supporting documents. The key is responding within the timeframe they give you (usually 30 days) if you do get that CP2000. Also, check with your employer's payroll department to see if they submitted any corrections after giving you your W-2. That's often the culprit in these situations.
My company actually redistributes forfeited FSA funds! We use the pro-rata method based on contribution amounts. The money shows up in the first paycheck of April (our plan year ends Dec 31 with a 3-month grace period). It appears as a separate line item called "FSA redistribution" but is included in taxable wages. Last year I got back about $138 from other people's forfeitures. Not a huge amount, but better than nothing! One important thing to note is that our company first uses forfeited funds to cover any FSA administrative fees, and only redistributes what's left after those costs. Some years we don't get anything if the administrative costs eat up all the forfeitures.
Do you know if most companies handle FSA redistributions like yours? And does your company ever offer the option to roll over a portion instead of having the grace period? I'm trying to decide which option would be better for our employees.
I don't know if most companies handle it like mine - honestly, I think most employers just keep the funds. I've worked at three different companies, and this is the only one that redistributes. My company actually switched from the rollover option to the grace period option about 2 years ago. With the rollover, we could carry over up to $570 to the next year but lost anything above that amount. With the grace period, we have 2.5 extra months to use ALL remaining funds, but then lose everything after that deadline. The HR team said they made the switch because data showed people were more likely to utilize their full FSA funds with the grace period option rather than the rollover.
I work in benefits administration for a large company. Just want to clarify something - there's a third option for handling FSA forfeitures that hasn't been mentioned yet. Employers can also use forfeited funds to provide additional FSA benefits to all participants equally during the next plan year. For example, our company takes the total forfeited amount, divides it equally among all FSA participants for the following year, and adds it to their elections as a "bonus" contribution. This approach has a benefit over direct redistribution because the additional FSA money isn't taxable when provided this way (as long as it's used for qualified expenses). However, it does mean you have to participate in the FSA again the following year to receive any benefit from the forfeitures.
That's interesting! Does this "bonus" contribution count against the annual FSA limit? Like if the limit is $3,050 for 2025, and someone gets a $200 "bonus" from last year's forfeitures, can they still contribute the full $3,050 themselves?
Yes, the "bonus" contribution does count against the annual FSA limit! So in your example, if someone receives a $200 bonus from forfeitures, they could only contribute $2,850 themselves to stay within the $3,050 limit for 2025. This is why some employees actually prefer the direct redistribution method (even though it's taxable) - they get the money without it affecting their FSA contribution capacity for the following year. The bonus method works best when the forfeited amounts are relatively small compared to what people typically contribute.
Skylar Neal
This might sound silly but how do you actually file late taxes? Do you just submit the regular forms or is there a special process? I also missed filing my Uber Eats income from 2023.
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Vincent Bimbach
β’You just file the normal tax forms (1040, Schedule C, Schedule SE) for the 2023 tax year. You can still e-file last year's return using most tax software until October 2025, or you can print and mail the forms anytime. The penalties just keep adding up until you file though.
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Aisha Patel
Don't stress too much about this! You're actually in a better position than many people because you kept track of your mileage - that's going to save you a lot of money. With $4,800 in income and 3,600 miles of deductions at 65.5 cents per mile, you're looking at about $2,358 in deductions, which brings your taxable income down to around $2,442. The self-employment tax on that would be about $374 (15.3%), plus minimal income tax since you're in a low bracket. Even with penalties, you're probably looking at less than $600 total. File as soon as possible to stop the penalties from growing - you can use the regular 2023 tax forms (1040, Schedule C, Schedule SE) and most tax software will still let you e-file for 2023. Since this is your first time missing a filing deadline, definitely look into first-time penalty abatement when you talk to the IRS. Many people qualify for this and it can reduce or eliminate failure-to-file penalties. You've got this!
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