Something nobody's mentioned yet - make sure you're also paying yourself a reasonable salary as an S-Corp owner. The IRS looks closely at S-Corps where the owner tries to avoid payroll taxes by taking distributions only. If you're not paying yourself wages subject to FUTA and other employment taxes, you could face bigger problems in an audit.

Has anyone actually gotten penalized for not paying FUTA as a solo S-corp? I've been operating for 3 years and honestly haven't been paying it because my accountant told me it wasn't necessary. Now im kinda worried...

IMO these online banks aren't always reliable w/ their "early deposit" promises. Been using Varo for 2 yrs and sometimes get deposits early, sometimes right on DDD, sometimes even a day late. Wouldn't count on it tbh. Their customer svc just gives generic answers when you ask about pending deposits.

Varo is usually good. Mine came early. Check your account details. Make sure they're correct. IRS doesn't make mistakes often. But it happens. Give it until end of day tomorrow. Then worry. Most people get their money on time.

I was in almost the exact same situation last year! Had medical bills piling up and was anxiously watching my transcript daily. Filed with Credit Karma on January 29th, saw my 846 code with a February 21st date, and the money actually hit my account at 3am on February 22nd. Credit Karma took their fees and sent the rest right away. What really helped my anxiety was that I had set up text alerts with my bank for any deposits over $100, so I got a notification the moment it landed. Might be worth setting that up if your bank offers it!

Have you considered using the IRS direct deposit option instead of going through Credit Karma next year? I switched to direct deposit this year after using tax preparer bank products for years, and my refund came exactly on my 846 date with no fees taken out. Isn't it worth saving those preparation fees, especially when you need the money for medical expenses? You could still use Credit Karma to prepare your return but just opt for direct deposit to your own bank account.

I filed with TurboTax on Feb 3rd and here's what happened with emails: • Got an email when TT submitted my return ✓ • Got an email when IRS accepted my return ✓ • Got NO email when my refund was deposited on Feb 24th ✗ • Checked spam/promotions folders - nothing there • Called TurboTax support who confirmed they've reduced email notifications Anyone else have this same experience? Just want to confirm this is their new normal and not something specific to my account.

I filed with TurboTax on February 15th and experienced the exact same thing as many of you! Got the initial acceptance email but absolutely nothing when my refund hit my account on March 5th. Last year I received multiple status updates throughout the process. After reading through all these responses, it's clear TurboTax has definitely scaled back their email notifications this season. It seems like they're only sending the critical acceptance email now, which honestly makes sense from their perspective - less server load and email delivery costs. For tracking your amended return, definitely use the IRS "Where's My Amended Return" tool rather than waiting for TurboTax emails. Amended returns are processed completely separately and take much longer (typically 16-20 weeks as others mentioned). The lack of emails from TurboTax won't impact your amended return processing at all. Bottom line: if you got your refund deposited, you're all set regardless of email confirmations! 👍

I've owned a construction company for 6 years and have used Section 179 for several vehicles. Here's my practical advice: 1) Talk to your accountant BEFORE purchasing. The rules change and there are limitations. 2) Keep IMMACULATE records of business vs personal use. I use an app that tracks every mile. 3) Consider the timing of your purchase. Buying in December vs January can make a huge difference for cash flow. 4) Remember that taking 100% depreciation upfront means you won't have depreciation deductions in future years. 5) If business use drops below 50% in later years, you might face "recapture" and have to pay back some deductions. The tax savings are real, but they're not quite as simple as "60% off the price." It's more about WHEN you get the tax benefit rather than IF you get it.

Something no one mentioned yet - be careful about what vehicle you choose! I made the mistake of buying a "luxury" SUV for my real estate business thinking I could deduct the full amount under Section 179. Turns out there's a much lower limit (around $27,000) for SUVs under 6,000 lbs. But larger trucks and vans that qualify as "work vehicles" have different rules. My accountant was PISSED that I didn't consult her first. Could have saved thousands if I'd bought the right type of vehicle. Also, just because you CAN deduct it doesn't always mean you SHOULD. Sometimes regular depreciation makes more sense for your long-term tax situation.