I completely understand the anxiety you're feeling! I went through something very similar two years ago when I first owed taxes - about $2,800 through TurboTax. I was checking my bank account multiple times a day just like you are now. From my experience, TurboTax automatic payments typically take 3-5 business days from your scheduled date to actually withdraw from your account. Since you scheduled for April 10th, you should see it come out sometime between now and early next week. The key thing to remember is that the IRS considers your payment made on April 10th (the date you scheduled), not when the money actually leaves your account, so you won't face any late penalties. A few tips that helped me get through the waiting period: - Keep enough money in your account until the withdrawal processes (don't move funds around yet) - Take a screenshot of your TurboTax payment confirmation for your records - Try to limit checking your account to once per day instead of multiple times The waiting is definitely the worst part, but you did everything correctly by scheduling before the deadline. The IRS processing system is just slow, especially during tax season. You're going to be fine!

Hey Omar! I totally feel your anxiety about this - I was in the exact same boat last year owing about $4,200 and constantly refreshing my bank account waiting for the withdrawal. It's such a nerve-wracking experience when you're used to getting refunds! From what I experienced with TurboTax, the automatic payment took exactly 4 business days from my scheduled date to actually come out of my account. So if you scheduled for April 10th, I'd expect to see it withdrawn by early next week at the latest. The good news is that the IRS considers your payment made on April 10th regardless of when the actual withdrawal processes, so you're totally covered on timing. One thing that really helped my peace of mind was creating an account on IRS.gov and checking my tax account online. You can see if they've received your payment even before it shows up as withdrawn from your bank. It's under "View Your Account Information" and then "Payments." Sometimes it shows up there a day or two before your bank processes it. Just keep enough money in your account for another week or so, and try not to check it obsessively (easier said than done, I know!). You did everything right by scheduling it through TurboTax before the deadline.

I had this exact same problem a few weeks ago! The "invalid address" error when trying to open available transcripts is so frustrating, especially when you can literally see them listed right there on the page. What finally worked for me was a combination of things: 1. Switching to Microsoft Edge (seems to handle the IRS PDF system better than other browsers) 2. Making sure to access during their "good" hours - usually 7 AM to 6 PM EST 3. Disabling any browser extensions that might interfere with PDFs 4. Most importantly - if you get the error, don't keep clicking the same transcript link repeatedly. Wait about 5 minutes and try again, or try a different year's transcript first The IRS website architecture is honestly terrible, but once you find the right combination that works for your setup, it should be consistent. I can now reliably access my transcripts using Edge in the morning hours. Also heads up - if you're accessing from a work network or using any security software, that can sometimes trigger the "invalid address" error even when the link is perfectly valid. Hope this helps and you get it sorted!

I've been dealing with this same issue for months! The "invalid address" error on sa.www4.irs.gov is incredibly frustrating when you can see your transcripts right there but can't access them. What finally solved it for me was a combination of several fixes: 1. **Browser matters a lot** - Edge or Firefox work way better than Chrome for IRS PDFs 2. **Timing is everything** - Try between 6-9 AM EST when their servers aren't overloaded 3. **Complete logout/login cycle** - Don't just refresh, actually log out completely and log back in 4. **Check your PDF settings** - Make sure your browser is set to open PDFs inline, not download them 5. **Disable browser extensions** - Especially ad blockers and privacy extensions that might interfere The most important thing I learned is that this error usually means their PDF generation system is overloaded or having issues, not that there's actually an invalid address. It's a terrible error message that doesn't reflect what's actually happening behind the scenes. Also, if you're still stuck, try accessing from a different network entirely - sometimes ISP routing can cause weird issues with government sites. I know it's ridiculous that we have to jump through all these hoops just to access our own tax documents, but unfortunately that's the reality with the IRS website architecture. Hope one of these solutions works for you!

I went through this exact same situation last year with my rental property LLC. You're absolutely correct - there's no free e-filing option for Form 1065. I ended up paper filing and it worked out fine, just took longer to process. One thing I'd recommend is downloading the forms early and doing a practice run before you fill out the final copies. The 1065 has some tricky sections around depreciation and rental income allocation that are easy to mess up. Also, don't forget that you'll need to prepare K-1s for both you and your spouse by March 15th (the partnership return deadline), even if you're filing an extension. The IRS instructions for Form 1065 are actually pretty comprehensive if you take the time to read through them. For a straightforward rental property, paper filing really isn't that bad once you get the hang of it.

I actually found a middle-ground approach that might work for you. While there's no free e-filing option for Form 1065, some of the paid e-file providers have partnership return options starting around $150-200, which might still be cheaper than hiring a full-service tax professional. I used TaxAct Business last year for my rental property LLC and found their interface pretty user-friendly for DIY filers. They walk you through the depreciation calculations and have good validation checks to catch errors before submission. FreeTaxUSA also has a business version that's reasonably priced. If you do go the paper route, definitely send it certified mail so you have proof of delivery. The IRS processing times for paper returns have gotten better recently, but it's still good to have that tracking confirmation. Also make sure you're using the most current forms from IRS.gov - I made that mistake one year and had to refile.

I'm confused about how this affects the actual tax credits. If I allocate my scholarship to room and board instead of tuition, doesn't that make my scholarship taxable income? Wouldn't that cancel out any benefit from the education credit?

This is such a helpful thread! I'm in a similar situation with scholarships exceeding my tuition costs. Just wanted to add one more resource that helped me - Publication 970 from the IRS specifically covers this in Chapter 2 under "Coordination with Pell Grants and Other Scholarships." The key point everyone's making is correct: off-campus housing absolutely counts as "room and board" for scholarship allocation purposes, but you're limited to the school's published Cost of Attendance figures. What I found really helpful was calling my school's financial aid office directly - they had the exact COA breakdown readily available and even explained how other students typically handle this situation. One thing to keep in mind: make sure you're looking at the COA for the correct academic year (2024-2025 in your case) since schools sometimes adjust these figures annually. Good luck with maximizing your education credits!

Great question! I went through this exact decision two years ago when I started my tax prep business. Here's what I learned: Start as a sole proprietorship (LLC taxed as sole prop) for your first year or two. It's simpler, cheaper to maintain, and gives you flexibility while you're getting established. You'll just file Schedule C with your personal return and pay self-employment tax on profits. The magic number where S-Corp starts making sense is usually around $60-70k in annual profit. At that point, the self-employment tax savings from S-Corp election can offset the additional complexity and costs. For payroll with S-Corp - yes, you absolutely need to set up payroll to pay yourself a reasonable salary. I use ADP for about $60/month, but QuickBooks payroll works too. The IRS is very strict about this - no salary means no S-Corp benefits. My advice: Focus on getting your business profitable first, then revisit the S-Corp election once you have a solid year of income data. You can always elect S-Corp status later (effective beginning of the tax year you make the election). Good luck with your barbershop! The chair rental model is smart - just make sure you have solid rental agreements in place.

One more consideration that might be helpful - don't forget about quarterly estimated tax payments! Whether you go sole prop or S-Corp, you'll likely need to make quarterly payments to avoid penalties since you won't have taxes automatically withheld like with a W-2 job. For sole proprietorship, you'll calculate these based on your expected net profit and self-employment tax. For S-Corp, it's a bit more complex since you'll have both payroll taxes (handled automatically if you use payroll software) and taxes on any distributions. I'd recommend setting aside about 25-30% of your net profit in a separate savings account for taxes - better to overpay than get hit with penalties. Once you get through your first year, you'll have actual numbers to work with for more accurate quarterly estimates. Also, since you're opening next month, make sure you get an EIN (Employer Identification Number) even if you start as sole prop. You'll need it for business banking and it makes things smoother if you decide to switch to S-Corp later. The IRS website lets you get one instantly online - takes about 10 minutes.