I work at a bank (not SOFI). Digital banks often have different processing schedules for ACH transfers compared to traditional banks. While the Federal Reserve might process the transaction on the DDD, it can take 1-3 additional business days for the receiving bank to post it. Since your DDD was Tuesday, and today is Friday, I'd say wait until Monday before assuming there's a problem.

I'm having the exact same issue with SOFI! My DDD was 3/18 and it's now 3/22 with no deposit. Called SOFI customer service yesterday and they said they're "processing" it but couldn't give me a timeline. It's so frustrating because my transcript shows the 846 code with the correct date and account number. At least I'm not alone in this - seems like SOFI is definitely holding these deposits longer than they should be. Going to give it until Tuesday like others suggested before escalating further.

Anyone know if having an EIN for my disregarded LLC means I need to file an annual report with the IRS? My state requires an annual LLC filing but I'm confused about federal requirements.

Your buddy is actually right about getting an EIN! Even though your LLC is a disregarded entity, there are some practical reasons why you'll likely need one: The biggest issue is banking - almost all banks require an EIN to open a business account, even for single-member LLCs. And if you're using this LLC for asset protection, you really need that separate bank account to maintain the legal separation between you and the entity. Using your personal account for LLC business could potentially "pierce the corporate veil" and undermine the asset protection you're trying to achieve. Also, having an EIN gives you more privacy since you won't have to use your SSN on business documents. Plus it's completely free to get one online through the IRS website - takes about 10 minutes. The EIN won't change your tax situation at all. You'll still report everything on your personal return since it remains a disregarded entity. But it gives you the administrative separation you need to properly maintain your LLC's legal protections.

I ran into this exact issue last year! Schwab didn't report some of my smaller distributions on the 1099-DIV, and when I called them, they said distributions under $10 don't need to be reported on the form according to IRS rules. Is your distribution possibly split across multiple small payments that individually fall below reporting thresholds?

This is a great question that many new investors face! Based on what you've described, it sounds like you've discovered the distribution in your Schwab Tax Center was classified as "return of capital," which explains why it didn't appear on your 1099-DIV. Here's the key takeaway: return of capital distributions are NOT taxable income in the year you receive them, so you don't need to report that $175 as dividend income on your current tax return. However, you do need to track it because it reduces your cost basis in the ETF. Think of it this way - the ETF is essentially returning part of your original investment to you, rather than paying you profits (which would be taxable dividends). When you eventually sell the ETF, you'll calculate your capital gain or loss using the reduced cost basis. Since this is only your second year investing, I'd recommend keeping a simple spreadsheet to track these adjustments. Most brokerages like Schwab will automatically adjust your cost basis in their systems, but having your own records is always helpful. You're being very responsible by double-checking everything - that attention to detail will serve you well as your investment portfolio grows!

Don't forget to consider state taxes too! While the federal treatment might be non-taxable, Minnesota might have different rules for disability settlements. When I had a similar situation in Illinois, the federal government didn't tax my settlement but the state wanted their cut. Check with the Minnesota Department of Revenue or a local tax professional familiar with state-specific rules.

I'm dealing with a very similar situation right now with a different insurance company. One thing I learned from my attorney is that you should get a detailed breakdown of the settlement amount in writing that specifically categorizes each component - back benefits, attorney fees, any interest or penalties, and the debt forgiveness portion. This documentation will be crucial for tax purposes and also for protecting your SSDI eligibility. The categorization helps show that the bulk of the settlement is just replacement of benefits you should have received anyway, not new income. Also, regarding the trust - make sure you set that up BEFORE the settlement funds hit your personal account if possible. Having a large lump sum in your account, even temporarily, could potentially impact SSDI eligibility depending on the timing of their reviews. Some attorneys can arrange for the settlement to be paid directly into a properly structured special needs trust. The fact that your attorney mentioned it's probably not taxable is encouraging, but definitely get that professional tax opinion before the money arrives. Better to spend a few hundred on proper advice now than deal with IRS issues later.

I completely understand the panic you must have felt seeing that tab! I went through the exact same thing about two months ago and it really threw me for a loop. What helped me was understanding that the IRS has been rolling out these new portal features in waves, and they're appearing for everyone regardless of their actual tax situation. The fact that you already received your refund is actually the most reassuring sign possible. The IRS has automated systems that flag returns for review BEFORE they issue refunds, not after. If there had been any issues with your 2022 return, they would have held your refund while they reviewed it. I ended up calling the IRS (which took forever to get through) and the representative confirmed that these new tabs are part of their system modernization but don't indicate your personal status unless you've received official mail from them. Since you haven't gotten any letters, you're almost certainly not being audited. Try not to stress too much - the new interface is just poorly designed from a user experience standpoint. They really should only show relevant tabs instead of displaying everything to everyone!

I'm seeing a lot of great advice here, but wanted to add something that might help with future IRS communication confusion. I've been using a service called TaxBandits for document management and they recently added a feature that monitors your IRS account for changes and sends you plain-English alerts when something actually important happens. It's been super helpful because it filters out all the noise from these new portal "improvements" and only notifies you about stuff that actually matters - like real notices, refund updates, or genuine status changes. After going through my own panic with these confusing new tabs last year, having something that can distinguish between interface updates and actual IRS actions has been a game-changer. The service integrates with your IRS online account and translates all their bureaucratic language into normal English. Might be worth checking out if you want to avoid this kind of anxiety in the future!