I went through this exact same situation last year with SBTPG and Venmo! Mine took 6 business days total from when the IRS sent it to when it finally appeared in my Venmo account. The most frustrating part is that SBTPG's tracking system doesn't give you real updates - it just sits on "processing" until suddenly the money shows up. Since your transcript shows the IRS already sent the funds, you're definitely in the queue with SBTPG. I'd recommend checking your Venmo account every morning since the deposits usually hit early in the day. For car repairs, I totally get the anxiety - maybe see if your mechanic can wait a few more days or if you have any other short-term options? Based on the timeline you mentioned (8 days since approval), you should see it very soon!

I feel your pain! I went through the exact same thing with SBTPG and Venmo earlier this year. It's so nerve-wracking when you need the money for something important like car repairs. From my experience, SBTPG usually releases funds within 3-5 business days of receiving them from the IRS, but it can feel like forever when you're waiting. The good news is that since your transcript shows the IRS already sent the money, you're definitely in SBTPG's system and it will come through. One thing that helped me was knowing that SBTPG typically processes batches of refunds early in the morning, so check your Venmo first thing when you wake up. Also, if you haven't already, try logging into your SBTPG account to see if the status has changed - sometimes it updates there before you see the actual deposit. Hang in there, it should hit your account any day now!

I went through this exact situation about 8 months ago when I acquired a tech startup from overseas. Here's my complete experience that might help: **The ITIN Route is Mandatory**: Don't even try submitting 8822-B without it - the IRS will reject it immediately. I learned this the hard way after my first attempt. **My Timeline**: - ITIN application (W-7): 9 weeks to approval - 8822-B processing: 5 weeks after submission - Total: About 3.5 months from start to finish **Key Documents I Needed**: - Certified passport copy (got it done by a local notary - no need for US consulate) - Utility bill translated to English by certified translator - Bank statement from home country (also translated) - Cover letter explaining the business acquisition and need for ITIN **What I Wish I'd Known Earlier**: 1. File Form 2848 (Power of Attorney) immediately to authorize your US attorney/CPA to receive IRS notices 2. Update the business address with the IRS right away so notices don't go to the previous owner 3. Consider using a Certified Acceptance Agent (CAA) - it costs more but eliminates the risk of mailing your actual passport **Unexpected Issue**: The IRS initially questioned why I needed an ITIN since I'm not a US resident. Including documentation about the business acquisition and a clear explanation in my cover letter resolved this. The process is definitely manageable once you know the correct steps. Happy to answer any specific questions about my experience!

I've been through this exact process twice now - once for a California LLC acquisition and once for a Texas corporation. The advice here is spot-on, but I want to add a few practical tips that made a huge difference for me: **Document Preparation Shortcuts**: - Get multiple certified copies of your passport (I got 5) - you'll need them for banking, business licenses, etc. after the EIN update - If your home country has an apostille process, get your passport apostilled too. Some US institutions prefer this over regular notarization **Banking Bridge Solution**: While waiting for the ITIN/responsible party update, I opened accounts with international banks that have US branches (like HSBC or Citi). They were more flexible about the documentation requirements during the transition period. **Communication Strategy**: Set up a Google Voice number with a US area code and forward it to your international number. Many US institutions (including some IRS departments) are more responsive to US phone numbers, and it makes follow-ups much easier. **Timeline Management**: Start the ITIN process immediately, but also prepare all your other business documentation in parallel. Once the responsible party change goes through, you'll want to update banking, insurance, contracts, etc. quickly. The 3-4 month timeline mentioned by others is accurate in my experience. Don't let anyone pressure you into shortcuts - doing it right the first time saves months of headaches later. Good luck!

As a newcomer to this community, I'm really impressed by the detailed advice everyone's sharing! Sean, it definitely sounds like you qualify for Head of Household status based on your situation. One thing I'd add that I learned from my own divorce process - make sure to keep a calendar or journal documenting which days the kids were with you versus your ex. The IRS uses the "more than half the year" test (183 days), and having clear records can be crucial if there's ever a dispute. Also, since you mentioned your ex wants to file jointly "one last time," remember that you both have to agree to file jointly - you can't be forced into it just because you're still legally married. The tax savings from HOH status are usually substantial, especially with two kids. Don't let the complexity intimidate you - it sounds like you have a straightforward case that meets all the requirements!

Welcome to the community Sean! As a newcomer here, I've been following this discussion and wanted to add something that might be helpful. Beyond just qualifying for Head of Household status, you should also look into whether you're eligible for the Earned Income Tax Credit (EITC) as an HOH filer with two kids. The income limits and credit amounts are much more favorable for HOH than for married filing separately. Also, since you mentioned paying the mortgage, make sure you're claiming any mortgage interest deduction if you're itemizing. With HOH status, you might find that itemizing gives you a better outcome than the standard deduction, especially if you have significant mortgage interest, state taxes, and other deductible expenses from maintaining the household. One last thing - if your separation agreement or any court orders specify who claims the kids as dependents, make sure your tax filing aligns with those legal documents. Sometimes there are specific requirements about alternating years or splitting the children between parents. Good luck with your filing!

Has anybody used the routine maintenance safe harbor for something like this? It states that if you expect to perform the activity more than once during the property's ADS class life, you can expense it. If this coating needs to be reapplied every 10-15 years, and the ADS class life for residential rental is 40 years, seems like it could qualify?

Based on the discussion here, I think you're definitely on the right track with capitalization. The $130k cost and life-extending nature clearly makes this a betterment under Reg. 1.263(a)-3. For the depreciation period, I'd strongly recommend getting documentation from the coating manufacturer about the expected useful life. If they provide specs showing the coating itself lasts 10-15 years (separate from the underlying roof structure), you may be able to treat it as a building component with its own recovery period rather than defaulting to the full 27.5 years for residential rental property. The key is establishing that the coating has a determinable useful life that's shorter than the building itself. Save any manufacturer warranties, technical specifications, or contractor documentation that speaks to the coating's expected lifespan - that could be your justification for a shorter depreciation period if you get questioned later. Just make sure whatever position you take is well-documented in case of audit. The IRS tends to scrutinize these building component arguments pretty closely.

I'm seeing a pattern with Credit Karma refunds this year: • SBTPG funding before 2pm ET: Money typically arrives next morning • SBTPG funding after 2pm ET: Money typically arrives morning of day after next • Weekend SBTPG updates: Almost always delay until Tuesday • Bank holidays: Add 24 hours to expected timeline The Credit Karma subreddit has a megathread tracking this with hundreds of data points. The pattern is pretty consistent.

I had almost the exact same situation! Filed with Credit Karma on March 27th, got my DDD of 4/23, and SBTPG showed funded yesterday around 2:45pm. Still waiting for it to hit my account, but based on what everyone else is saying here, it sounds like we should both see our money tomorrow morning since our funding updates happened in that afternoon window. The consistent 24-48 hour timeline that people are reporting is actually pretty reassuring - at least there's a predictable pattern to this whole process. I'll update tomorrow if mine comes through!