I tracked 3 years of state refunds with exact dates: 2022: DDD was April 18, received April 19 (Chase) 2023: DDD was March 27, received March 27 (Chase) 2024: DDD was February 12, received February 10 (switched to Capital One) The only variable that changed was the bank. When I switched to Capital One this year, I got it 2 days early. My federal refund followed the exact same pattern. Some banks front the money once they see the pending deposit from IRS/State.

This data tracking is incredibly helpful! I'm with Navy Federal Credit Union and have been wondering if I should expect early deposits like some people are reporting. The pattern you're showing with Capital One vs Chase really makes me think it's worth researching which banks tend to release funds early. Has anyone else switched banks specifically for faster refund processing? I'm considering it for next year since I always end up needing that money for bills right around the DDD timeframe.

I did something similar last year. One thing no one mentioned is that for tax purposes, you'll need form 1098 from your lender showing the mortgage interest paid. Since you're doing this as two separate transactions, make sure your refinance lender provides this form correctly showing all deductible interest. Also check your local property tax rules. Some counties reassess property taxes after refinancing, which could lead to higher property taxes than you expected. In my county, they didn't increase the assessment because it was within 90 days of purchase, but I've heard others have different rules.

This is a really comprehensive discussion! One additional consideration I haven't seen mentioned is the AMT (Alternative Minimum Tax) implications. If you're subject to AMT, the mortgage interest deduction rules can be slightly different, especially for refinances that exceed the original purchase price. Also, since you mentioned the property needs work, be aware that if you use any of the cash-out funds for capital improvements (not just repairs), you'll want to keep detailed records of those expenses. Capital improvements can be added to your cost basis, which reduces capital gains if you sell later. The IRS distinguishes between repairs (deductible in the year incurred if it's a rental property) and improvements (added to basis), so proper categorization matters. One more tip: consider getting a formal appraisal done right after you complete the initial repairs but before you refinance. This establishes the improved value and can help with both the refinance process and your tax documentation.

Quick question - does anyone know if this affects state filings too? My LLC had the same issue with our Form 7004 but we also filed state extensions. Should I expect the same problem with state?

I've been following this thread and want to add something that might help others avoid this situation in the future. The IRS has different deadlines for different entity types, and it's incredibly confusing: - Individual returns (1040): April 15 - Partnership returns (1065, including multi-member LLCs): March 15 - S-Corp returns (1120S): March 15 - C-Corp returns (1120): April 15 (but this can vary based on fiscal year) The extensions follow the same pattern - so Form 7004 for partnerships was due March 15, not April 15. I learned this the hard way a few years ago. For anyone dealing with a similar denial, document everything and definitely pursue the reasonable cause angle. The IRS does sometimes grant relief when there's genuine confusion about deadlines, especially if you have a clean compliance history. Make sure to explain in detail why you believed April 15 was the correct deadline and provide any evidence that supports your good faith effort to comply.

Called IRS 3 times about my 810. First two reps said just wait. Third one actually helped and found I needed to verify some w2 info. Keep calling until you get someone helpful!

Been dealing with 810 freeze for 6 weeks now and finally got some movement! Here's what worked for me: 1) Called the practitioner hotline (better than regular line) 2) They told me it was flagged for income verification 3) Had to send in wage transcripts from SSA and copy of all W2s via fax 4) Took 3 weeks after faxing for freeze to release. Don't just wait it out - be proactive and find out exactly what they need from you. Also that taxr.ai tool people mentioned actually helped me understand what docs to gather before calling. Worth the $39 to avoid multiple calls!

Just to clarify what others have said - the as-of date on your transcript is primarily used for calculating interest and penalties if you owe money. When it changes during processing, it usually means your return is still being actively worked on, but doesn't necessarily indicate how close you are to getting your refund. Back in 2022, I had my as-of date change 5 times before finally getting my 846 code, and I was a bit concerned each time it happened.

I'm going through the same frustrating situation right now. Filed in early March and my as-of date has changed three times with no 846 code yet. What's really getting to me is seeing other people who filed after me already getting their refunds. I called the IRS last week and they just told me to keep waiting, that it's still "processing normally." The medical bills don't wait though - I totally understand your stress about needing those funds. Have you tried calling them directly to see if there's anything specific holding up your return?