When I filled out Form 8594 last year, I completely messed up the debt assumption part and had to file an amended return. Make sure you have a written agreement clearly specifying which debts you're assuming and their exact amounts. My seller and I had different understandings of which equipment loans were being transferred, and our 8594 forms didn't match!

One thing that helped me when I was dealing with Form 8594 was creating a detailed spreadsheet that tracked every component of the purchase price. I listed the cash payment, each assumed debt with its balance, and any other consideration. This made it much easier to ensure the total consideration was correct and that both the seller and I were reporting the same amount. Also, don't forget that you'll need to continue making payments on those assumed equipment loans, so make sure you understand the terms and payment schedules. The IRS may want to see proof that you're actually responsible for the debt if they audit the transaction. Good luck with your lawn care business purchase! It's exciting to be starting your own venture.

I think people sometimes misunderstand these reviews. They're not always bad news! • Many reviews are truly random (part of IRS compliance sampling) • Some are triggered by specific items but don't mean you did anything wrong • Reviews without document requests often resolve faster • The IRS actually does finish many reviews earlier than the timeline they quote My review last year finished in 3.5 weeks even though they quoted me 6 weeks. I was surprised when my deposit just showed up!

I'm going through the exact same thing right now! Filed on February 15th and just got the notice yesterday. What's been most frustrating is that the IRS website just says "under review" with no additional details about what specifically they're looking at. From what I've read here and elsewhere, it sounds like the foreign tax credits are probably what flagged your return - they seem to trigger these reviews pretty frequently even when everything is correct. I'm planning for the full 6 weeks but hoping it resolves sooner. Has anyone had luck getting more specific information about what part of their return is being reviewed when they call?

Has anyone looked into whether there's potential for a class action lawsuit against Adesso? I've been experiencing the same issues - they took $22,000 from me in 2022, claimed to file my 941X forms, but the IRS has confirmed nothing was ever submitted. I've talked to three other business owners in my area with identical experiences.

This is absolutely infuriating and unfortunately all too common. I went through something similar with a different ERC company last year. The key lesson I learned is that these companies are banking on you NOT following up directly with the IRS. Here's what I wish I had done from day one: 1. **Get everything in writing** - Never accept verbal promises. Demand email confirmation of filing dates, reference numbers, and specific deliverables. 2. **Set up quarterly check-ins** - Don't wait years to verify. Every 3 months, request written proof from the IRS that your forms were received and are being processed. 3. **Know your rights** - Most states have specific laws about tax preparation services. Many require bonds or licensing that these fly-by-night ERC companies don't have. 4. **Document the timeline** - Keep a detailed log of every interaction, promise made, and deadline missed. This becomes crucial evidence if you pursue legal action. The fact that they gave you the same rehearsed response twice tells you this is their standard operating procedure. They're likely doing this to hundreds of small businesses, collecting fees upfront with no intention of actually filing. File complaints with your state's consumer protection agency and the IRS fraud division immediately. Even if you don't recover your money, you'll help prevent them from scamming other business owners.

One thing nobody has mentioned - make sure you're not deducting anything the organization reimbursed you for! Our soccer club has a process where coaches can submit receipts for equipment purchases and get reimbursed up to $150 per season. You can only deduct unreimbursed expenses, so track what you paid for personally vs what the organization covered. Also, take photos of the equipment being used at practices as additional documentation that it was for team use. The IRS loves documentation if you ever get audited!

Great question! I've been coaching youth hockey for several years and have navigated these same deduction issues. A few additional points that might help: The equipment you bought (cones, practice jerseys, pucks) is definitely deductible as charitable contributions since it's for a 501c3. Just make sure you have receipts and get written acknowledgment from the league if your total contributions exceed $250. For mileage, you can deduct trips that are specifically for coaching duties beyond normal parent activities - like equipment runs, coach meetings, or early arrival for setup. Keep a separate log for these coaching-specific miles at 14 cents per mile for 2025. The $300 volunteer credit does reduce your deductible amount - it's considered a "quid pro quo" benefit. So if you spent $400 on equipment but saved $300 in fees, you can only deduct $100. Regarding personal equipment like skates and helmets - unless they're required specifically for coaching and you wouldn't need them as a regular parent spectator, they're generally not deductible. The "primary purpose" test is key here. One tip: consider formally donating the team equipment to the organization rather than just lending it. This makes the deduction cleaner and removes any question about personal vs. charitable use. Get a donation receipt that lists the items and their fair market value.

Check your tax transcript. Online. Might show what the original issue was. Could give you clues. Worth a look. Faster than waiting.

Ana, I understand your concern about receiving Notice 1462! As others have mentioned, this notice is essentially the IRS saying "we received your response and are working on it." Since you mentioned being recently retired, I'm curious - do you recall what the original notice was about? Given that you're dealing with new retirement income sources like pension and Social Security, the original issue might have been related to income reporting discrepancies. The good news is that Notice 1462 means they're actively reviewing your case, not that there's a new problem. Since you're so well-organized with your tax documents (love the color-coded folders!), you're already ahead of the game. I'd recommend checking your online IRS account or requesting a tax transcript as Kendrick suggested - this might give you more insight into what triggered the original notice. The waiting period can be nerve-wracking, but try not to stress. The IRS is just extremely backlogged right now. Keep doing what you're doing with your tax preparer, and you should be fine!