This is exactly the kind of thread I needed to find! I'm currently on day 6 since my Michigan return moved to "completed" status, and I was starting to wonder if something had gone wrong with my direct deposit information or if there was an issue with my return. Reading through everyone's experiences here has been so helpful - it's clear that this 7-14 day wait after "completed" status is just the reality this year, even though it's frustrating. The batch processing explanation makes total sense and explains why the timing seems so random from a taxpayer perspective. @QuantumQuasar - thanks for coming back to share your actual timeline! Getting your deposit on day 10 gives me hope that I should see movement soon. I'll definitely be watching for deposits on Tuesday/Thursday/Saturday based on the processing patterns people have identified. @Barab'bas - I'm so sorry about your 69-day wait. That's completely unacceptable, especially when you're dealing with financial hardship. The disparity between e-filing and paper filing processing times this year seems extreme. For everyone still waiting - this community knowledge has been infinitely more valuable than anything on the Michigan Treasury website. It's reassuring to know we're all in the same boat and that the refunds do eventually come through, just with more patience required than usual this year. I'll make sure to update when mine processes to add another data point to our collective timeline tracking!

New to Michigan taxes this year and honestly had no idea what I was getting into! I moved here from Ohio where state refunds were pretty straightforward and quick. My Michigan return has been sitting at "completed" status for 4 days now, and I was starting to panic thinking I did something wrong with my filing. This thread has been absolutely invaluable - thank you to everyone sharing your experiences and timelines! The batch processing explanation makes so much sense, even though it's frustrating to be stuck in an invisible queue. It sounds like 7-14 days after "completed" status is the new reality this year. @QuantumQuasar - congrats on getting your deposit on day 10! That gives me hope I should see movement soon. @Luca Esposito - your tracking and analysis has been incredibly helpful for setting expectations. And @Barab'bas - I'm so sorry about your 69-day ordeal with the paper filing. That's completely unacceptable. I'll definitely update here when my refund processes to add another data point. This community knowledge is so much better than trying to decode the vague status messages on the official Michigan Treasury website! Fingers crossed for everyone still waiting. 🤞

I just wanted to share my experience from last year to help set expectations. I filed my extended return by mail in July and it took exactly 11 weeks to get my refund. The most frustrating part was that the "Where's My Refund" tool didn't update at all until week 9, then suddenly showed "approved" and I had the money within 3 days. For what it's worth, I called the IRS around week 8 (waited 2.5 hours on hold) and the agent confirmed they had received my return but said it was in the "normal processing queue" with no way to expedite. She told me paper returns were taking 10-16 weeks at that time due to backlogs. Since you mailed yours in mid-June, you're probably looking at late August or early September based on current processing times. I know it's tough when you're counting on that money, but hang in there - it will come! The IRS transcript tip mentioned above is definitely worth checking too.

I'm dealing with the exact same situation - filed my extended return by mail in late June and it's been radio silence from the IRS ever since. This thread has been incredibly helpful! I had no idea about the IRS account transcript option, that's definitely something I'm going to check today. The processing timeline estimates people are sharing (6-16 weeks for paper returns) are both reassuring and nerve-wracking at the same time. At least now I know what to expect instead of just wondering if my return got lost in the mail somewhere. Has anyone here had experience with amended returns after using those analysis tools mentioned? I'm wondering if it's worth double-checking my return for missed deductions while I'm waiting anyway. Might as well make the most of this frustrating wait time!

This is such a helpful discussion! I've been confused about the same thing - seeing all these articles about 2025 changes but not understanding the actual mechanics of how tax laws can be modified. The explanation about budget reconciliation rules really clarifies why we're seeing this specific timeline. I had no idea that the 2017 tax cuts were designed to expire to comply with Senate procedures rather than because there was some legal requirement for how long tax laws can stay in effect. It's actually somewhat reassuring to know that while Congress *could* theoretically change tax laws constantly, the political reality creates more stability than the legal framework would suggest. I was worried we might see constant changes that would make financial planning impossible. Does anyone know if there are any proposals to change how this process works, or if we'll likely see the same pattern of temporary provisions in future tax legislation?

This thread has been incredibly enlightening! As someone who works in tax preparation, I can confirm that the uncertainty around these expiring provisions is causing a lot of anxiety for both preparers and taxpayers. One thing I'd add is that even when Congress does act on these expiring provisions, they often wait until the very last minute - sometimes even retroactively. For example, many tax extenders have been renewed in December for the tax year that's already ending. This creates a nightmare for tax software companies and preparers who have to scramble to update everything. The political reality is that lawmakers often use these expiring provisions as leverage in broader negotiations, which is why we rarely get early clarity on what will actually happen. It's frustrating from a planning perspective, but it's become the norm. For anyone trying to plan ahead, I'd recommend preparing scenarios for both outcomes - what your taxes would look like if the provisions expire versus if they're extended. At least then you're not caught completely off guard either way.

Has anyone used QuickBooks to handle this Schedule L balancing issue? We're in a similar situation (4-member LLC, 3 years behind) and I've been told we should just start with QB to reconstruct everything.

I went through almost the exact same situation with our 3-partner LLC last year - multiple years behind on taxes and a completely messed up Schedule L. Here's what finally worked for me: First, don't stress too much about having perfect inventory numbers from 2020. The IRS understands that small businesses sometimes have incomplete records, especially when catching up on back filings. What matters is that your methodology is reasonable and documented. For the Schedule L balance, I found it helpful to work through it step by step: 1. Start with your cash accounts - these are usually the most accurate 2. Work through your fixed assets (equipment, furniture, etc.) - use purchase receipts or reasonable depreciated values 3. For inventory, since yours stays consistent, using current levels adjusted for any major changes is totally acceptable 4. Then tackle liabilities - loans, credit cards, accounts payable 5. Finally, capital accounts should reflect what each partner actually contributed The key thing that saved me was creating a simple spreadsheet to track each partner's contributions and distributions year by year. This helped me figure out the correct capital account balances. Also, once you get Schedule L sorted, definitely deal with the IRS sooner rather than later about the late filing penalties. They're surprisingly reasonable if you're proactive about catching up, and there are penalty relief options for first-time filers who are behind. You've got this - the hardest part is just getting started!

This is such a timely discussion! I've been dealing with this exact scenario and wanted to add a practical perspective. I've been moving between Bitcoin and Bitcoin ETFs strategically for tax-loss harvesting, and so far it's worked well under current rules. One thing I'd emphasize is keeping meticulous records. Even though the current guidance suggests these swaps don't trigger wash sale rules, you want to be able to demonstrate to the IRS (if ever audited) that you understand the distinction between holding actual cryptocurrency versus securities that track cryptocurrency. I also set up separate tracking for my crypto transactions vs my ETF transactions in my portfolio management system. This makes it much easier come tax time to identify which losses are subject to wash sale rules and which aren't. The key is being prepared for potential rule changes. I'm continuing to use this strategy while it's available, but I'm also not going overboard with it since the regulatory landscape could shift pretty quickly in this space.

Great discussion everyone! As someone who's been navigating this space for a while, I wanted to add a few practical considerations that might help others. One thing to keep in mind is the timing aspect - even though crypto-to-ETF swaps currently don't trigger wash sale rules, you still want to be strategic about when you make these moves. I've found it helpful to batch my transactions rather than constantly switching back and forth, both for record-keeping simplicity and to avoid any potential gray areas if the rules change. Also, don't forget about state tax implications! While the federal wash sale rules are what we've been discussing, some states have their own quirks around cryptocurrency taxation. I learned this the hard way when I moved from California to Texas mid-year. For those using the strategy actively, I'd suggest setting up a simple calendar reminder to review any pending legislation around crypto taxation quarterly. The regulatory environment is moving fast, and you want to stay ahead of any changes that might affect your approach. Thanks to everyone who shared their experiences with the various tools and services - really helpful to hear real-world feedback rather than just theoretical tax advice!