Same here from NJ - filed mid-February and still stuck on "return received" 😤 Starting to wonder if I should just expect it sometime next year at this rate. The whole system feels like it's running on dial-up internet from 2005

NJ filer here too and honestly this whole situation is a nightmare. Filed in late January and I'm still showing "return received" with zero movement. At this point I've given up checking daily because it just makes me more frustrated. The worst part is not knowing if there's actually an issue or if it's just the normal backlog everyone keeps talking about.

I've been dealing with Section 179 carryovers for my consulting business and wanted to share what I've learned through some painful trial and error. The key thing that wasn't immediately obvious to me is that you need to maintain really detailed records of WHEN each carryover originated, not just the total amount. Here's why this matters: if you have carryovers from multiple years (like your $570 from 2022 plus new ones from 2025), you need to use them in FIFO order - first in, first out. So your 2022 carryover gets used before any 2025 carryover when you finally have enough business income. Also, make sure you're calculating your business income limitation correctly each year. It's not just your Schedule C profit - you need to consider the taxable income limitation as well. This caught me off guard in a year where my business was profitable but my overall tax situation was different due to other deductions. One more tip: create a simple spreadsheet to track each asset's Section 179 status. Include columns for purchase date, original cost, Section 179 amount taken, carryover amounts by year, and current status. This has saved me so much headache when preparing returns and will be invaluable if you ever get audited.

This thread has been incredibly helpful! I'm dealing with a similar situation where I have Section 179 carryovers from multiple years due to business losses. One thing I want to emphasize that really caught me off guard is the importance of keeping your Form 4562 from each year, even the loss years. I made the mistake of not saving my 2022 Form 4562 because "nothing happened" that year due to the loss. When I went to prepare my 2025 return, I had to reconstruct the carryover amounts from scratch. The IRS transcript didn't show the detail I needed, and it took me weeks to piece together which assets had carryover amounts and how much. Now I keep a dedicated tax folder with every Form 4562, even if the carryover amount is zero that year. I also maintain a running summary sheet that shows the carryover balance at the end of each tax year. This has made preparing subsequent years so much easier and gives me confidence that I'm not missing any deductions I'm entitled to claim. For anyone using tax software, double-check that your carryover amounts are transferring correctly year to year. I've seen cases where software updates or version changes caused carryover amounts to get lost in the transfer process.

I'm going through almost the exact same situation! Filed my amended 2022 return in June 2023 and it's been 10 months with no resolution. The "Where's My Amended Return" tool just shows "received" with no processing date. I've called three times and each representative gives me different information - one said 20 weeks, another said they're "working on 2023 returns from early in the year," and the last one couldn't even locate my return in their system initially. The inconsistency is maddening. I'm owed a significant refund due to overlooked medical expenses, and at this point I'm wondering if I should contact my representative or try the taxpayer advocate route. It's reassuring to know others are experiencing the same delays, but frustrating that there seems to be no clear timeline or accountability.

I'm in a very similar situation and it's incredibly frustrating. Filed my amended 2022 return in March 2023 (so about 13 months ago now) and I'm still waiting. The worst part is the complete lack of transparency - every time I call, I get a different story about processing times and where my return is in the queue. What really bothers me is that they can take your money immediately if you owe them, but when they owe you, it's somehow acceptable to wait over a year with no real explanation. I've been considering filing a complaint with the Taxpayer Advocate Service because this feels unreasonable at this point. The financial impact of waiting this long for a legitimate refund is real - some people are counting on that money for important expenses. Has anyone here had success with the Taxpayer Advocate Service for amended return delays? I'm wondering if it's worth the effort or if they'll just tell me to keep waiting like everyone else.

I think everyone here is overthinking this. It's only $450 - the IRS isn't going to come after you for such a small amount even if you put it in the wrong spot. I've gotten tons of these bonuses over the years and just put them as "other income" and never had an issue.

As someone who's dealt with this exact situation multiple times, I can confirm that Schedule 1, Line 8 as "Other Income" is absolutely the correct approach for bank bonuses under $600 without a 1099. One additional tip that helped me: when you describe it on the form, be specific about what type of bonus it was. I use descriptions like "Checking Account Opening Bonus - [Bank Name]" which makes it clear to anyone reviewing your return that this was a legitimate promotional incentive, not some other type of income you're trying to categorize. Also, don't worry about the relatively small amount - the IRS actually appreciates when taxpayers proactively report income that doesn't come with tax forms. It shows good faith compliance, and you're doing exactly what you're supposed to do under tax law. Keep that bank statement showing the deposit and any promotional materials about the bonus offer for your records.

Has anyone considered the electric vehicle tax credits? We're looking at the Ford F-150 Lightning for our business and there seem to be additional incentives beyond Section 179.

Great discussion here! As someone who just went through this exact decision with my consulting firm, I wanted to add a few practical considerations that helped me decide. First, don't forget about the timing of when you place the vehicle in service for Section 179 purposes. If you're already late in the tax year and your profits are lower this year but projected to be higher next year, it might make sense to delay taking delivery until January to maximize the deduction's value. Second, consider your state tax implications too. Some states don't conform to federal Section 179 rules, so you might not get the same benefit at the state level. In our case, we're in a state that caps Section 179 much lower than federal, which made leasing more attractive. Finally, if you're planning any major equipment purchases in the next few years, remember that Section 179 has an overall annual limit ($1.16M for 2023). If you're going to hit that cap anyway with other purchases, the immediate deduction advantage of buying vs leasing becomes less important. We ended up leasing because our growth trajectory meant we'd benefit more from the consistent deductions over time, plus we wanted the flexibility to upgrade to newer technology in a few years without dealing with resale.