OMG I feel your pain! 😫 I've been checking WMR and transcripts obsessively for weeks now with the same cycle code. The community wisdom here is that most of us 0605 people are getting bunched together for processing. Last year there was a huge batch of 0605 refunds that all got their 846 codes on the same Friday. Fingers crossed we're all in this week's batch! 🤞

I'm also cycle code 0605 and filed on January 31st! Reading through all these responses is really helpful - I had no idea about the Friday update schedule. I've been wasting so much time checking daily. Based on what everyone's saying, it sounds like we're all in the same boat waiting for that weekly batch processing. The fact that you have all your transcripts available without any hold codes is definitely encouraging. I'm going to try to be patient and just check Friday mornings from now on instead of obsessing over it daily. Hopefully we'll all see our 846 codes soon! 🤞

22 Something else to consider - check if your state tax rules are different! I was in the same situation (dependent with internship income) and while the federal rules were as described above, my state had a weird rule about dependents with income over a certain threshold.

11 Don't forget about education tax credits! Even as a dependent, you might qualify for the American Opportunity Credit or Lifetime Learning Credit if you're paying for education expenses yourself. Made a huge difference for me when I was in your situation.

Has anyone addressed liability protection with S-Corps vs LLCs for rental properties? I'm more concerned about that than just the tax implications. If someone slips and falls at the rental property, does the S-Corp provide better protection for personal assets?

One important consideration that hasn't been fully addressed is the self-employment tax implications. With an S-Corp, rental income is generally NOT subject to self-employment tax (which is a 15.3% savings), whereas with an LLC taxed as a sole proprietorship or partnership, you might face self-employment tax on the rental income depending on your level of involvement. However, if you're actively managing the property (collecting rent, handling maintenance, etc.), the IRS might argue it's subject to SE tax regardless of entity type. The key is documenting that you're a passive investor rather than actively running a rental business. Also, keep in mind S-Corps have additional compliance requirements - you'll need to file a separate corporate tax return (Form 1120S) and possibly pay yourself a reasonable salary if you're providing services to the corporation. These additional costs and complexities might outweigh the tax benefits for a single rental property. For most small rental property investors, a single-member LLC taxed as a disregarded entity often provides the best balance of simplicity and protection, but definitely consult with a tax professional who can analyze your specific situation.

Don't forget about Social Security and Medicare taxes (FICA)! This is something people often miss in these situations. Even if you're using the Foreign Tax Credit or Foreign Earned Income Exclusion, you might still be subject to US Social Security and Medicare taxes on your UK income if you're physically working in the US. The US-UK totalization agreement might help here, but it depends on how long you'll be in the US. If it's a temporary assignment (generally under 5 years), you might be able to continue paying into the UK system instead of the US system.

This is such a helpful thread! I'm in a similar situation - about to move to the US on an L2 visa while continuing to work remotely for my Australian employer. One thing I wanted to add that might be useful for others: make sure you understand the timing of when you become a US tax resident. The substantial presence test isn't just about hitting 183 days in a single year - it's actually a weighted calculation that includes days from the current year plus fractions of days from the previous two years. Also, if you're planning to move mid-year like I am, you might qualify for the Foreign Earned Income Exclusion for the portion of the year before you moved to the US. This could exclude up to $112,000 of foreign earned income (for 2022) from US taxation for that period. I'd definitely recommend getting professional advice early in the process rather than trying to figure it out after you file. The intersection of visa status, tax treaties, and remote work creates so many variables that it's easy to miss important details or opportunities.

This is incredibly helpful information from everyone! I'm dealing with this exact same checkbox issue and was getting really worried about messing up my return. Just to summarize what I've gathered from this thread for anyone else who finds this: **The main solutions seem to be:** 1. Manually enter the correct standard deduction amount on line 12a (thanks Oliver for the specific amounts!) 2. Try the save/close/reopen workaround that Dmitry mentioned 3. Switch to a different tax software like TaxAct or TurboTax 4. Use services like Claimyr to get through to the IRS for official confirmation 5. Use taxr.ai to double-check your return before submitting I think I'm going to try the manual calculation first since multiple people confirmed the IRS said this would work. If I'm still nervous about it, I might use one of those analysis tools to double-check everything before hitting submit. Really appreciate everyone sharing their experiences - this community is so much more helpful than the official IRS help pages!

I'm so glad I found this thread! I've been struggling with this exact same checkbox issue for the past three days and was starting to panic that I'd have to pay for tax software or miss the deadline. Reading through everyone's experiences, it sounds like the manual calculation approach is the safest bet. I'm 67 years old, so if I understand correctly from Oliver's explanation, I need to add $1,850 to my base standard deduction of $14,600, giving me $16,450 for line 12a. I'm still a bit nervous about submitting with that broken checkbox, so I think I'll also try that taxr.ai service Miguel mentioned to double-check everything before I file. At this point, spending a few dollars on peace of mind is worth it compared to dealing with potential IRS correspondence later. Has anyone who used the manual calculation method already received their refund or gotten confirmation that it processed correctly? That would really help ease my anxiety about this whole situation!