Just to add another option - have you considered checking if your situation qualifies for relief under the US-UK tax treaty? Depending on your specific activities, you might be able to claim treaty benefits that could eliminate some filing requirements or reduce taxes. The concepts of "permanent establishment" in the treaty could be relevant here.

This is a really complex situation that I've been dealing with myself. One thing I'd strongly recommend is making sure you understand the timing requirements for some of these filings. Form 8858 for disregarded entities has to be filed by the due date of the owner's return (including extensions), and if you miss it, there are automatic penalties that can be pretty steep - $10,000 per form per year. Also, don't forget about state-level implications. Even if your LLC is disregarded for federal purposes, some states might still require separate filings or have different rules for foreign-owned entities. You'll want to check the specific requirements in whatever state your LLC is formed in. The withholding requirements mentioned by others are crucial too - if you have effectively connected income and don't properly withhold on your foreign partners' shares, you could be looking at penalties on top of the taxes owed. It might be worth getting professional help given all the moving pieces here.

Has anyone tried using the tax transcript request on the IRS website instead of calling? I find it super helpful to see what the IRS actually has on file before panicking about broker reporting errors.

This is a really frustrating situation, but I think I can help clarify what's happening. Based on your description that you bought BITI shares 2 weeks before you started selling, you're actually experiencing a textbook wash sale scenario - even though it feels counterintuitive. Here's the key: when you sold your older BITI shares at a loss, the wash sale rule kicked in because you had purchased "substantially identical" securities (more BITI) within the 30-day window before those sales. It doesn't matter that you eventually sold everything - each sale transaction is evaluated independently. What likely happened is this: Your losses from selling the older shares got disallowed and added to the cost basis of the newer shares you bought. When you eventually sold those newer shares, you should have gotten credit for those previously disallowed losses through the adjusted basis. The $30k disallowance doesn't mean you lost that deduction forever - it just got deferred. I'd recommend carefully reviewing your 1099-B to see if the basis adjustments for your final sales properly reflect the wash sale additions. If the math doesn't add up, then you might have grounds to dispute it with your broker. The key is making sure those disallowed losses eventually got recognized when you sold out completely.

Quick question - were did you see the DD date on ur transcript? I cant find mine anywhere

Same situation here! My transcript updated with a 3/18 DD date but WMR has been stuck on that first bar for like 3 weeks now. From what I've learned lurking here, the transcript is definitely more reliable - it's pulling directly from IRS processing systems while WMR seems to be this separate tool that barely gets updated. I've seen so many people say their refund hit on the exact transcript date even when WMR never moved. Try not to stress too much, that 3/13 date should be solid! 🤞

The IRS website clearly states that if your DDD is a weekday, the funds are sent to your bank ON THAT DAY. It takes 1-5 business days for your bank to process. Some banks make funds available immediately, others take their sweet time. The IRS has zero control over when your bank makes the funds available to you after they send it.

I'm dealing with the same anxiety! My DDD is also 3/15 and I keep refreshing my account every hour. From what I've learned lurking in this community, it really does depend on your specific bank's processing schedule. Some people get theirs at midnight, others have to wait until the afternoon batch processing. The hardest part is just not knowing your bank's exact timing. But everyone seems to agree that calling won't speed anything up - the money hits when it hits. Hang in there, we're all in this waiting game together! 🤞

Think of your tax refund like a flight reservation. Sometimes the airline needs to cancel your original flight (your first DDD), but they immediately rebook you on a new flight (your new DDD). They're not cancelling your trip entirely - they're just making an adjustment to when it happens. Have you checked whether there are any other new codes on your transcript besides the cancellation and new DDD?

I've been through this exact scenario twice in the past three years, and it's always nerve-wracking when you see that cancellation! In my experience, the most common reason for this pattern is when the IRS needs to verify information before releasing your refund. Since you mentioned this is different from your home country's tax system, I should mention that the US IRS has become much more cautious about refund fraud in recent years, so they often do additional verification steps that can trigger these cancellation/reissue cycles. The good news is that having a new DDD of 3/7 means they've completed whatever review they needed to do. I'd recommend checking your transcript again in a few days to see if any additional transaction codes appear that might give you more insight into what specifically triggered the review.