I went through this exact same nightmare last year! CashApp randomly switched my account to business and I had no idea until I got hit with IRS letters. What worked for me was getting a tax professional to help with the amended return - they knew exactly what documentation to include. Also make sure you get a corrected 1099 from CashApp if possible. The whole process took about 4 months but I got it resolved without any penalties. Don't give up!

This is such a common issue right now! I'm dealing with something similar where payment apps are incorrectly categorizing personal transactions. One thing that really helped me was getting my account activity report directly from CashApp - it shows the transaction types and dates which you can use to prove these were personal transfers, not business income. Also, when you work with a CPA, make sure they're familiar with these 1099-K issues since the rules changed recently. The amended return process isn't too bad once you have the right documentation. Hang in there - you'll get through this! 💪

dont forget to check wmr too. sometimes it updates b4 transcripts

Just went through this same thing last week! The DLN is usually formatted like XXXXXXXX-XXX-XX and you'll see it right after the filing date. For EIC filers, make sure you also look for the 766 credit code - that's your earned income credit showing up. The transcript can be overwhelming at first but once you know what to look for it gets easier!

Success! Just checked my account and my refund landed exactly 28 hours after my SBTPG status changed to funded. I have a DDD of 3/24, didn't pay for early deposit, and used a regional credit union. The refund amount was exactly $4,378.23 after TT took their $89.99 fee. Worth checking your SBTPG account - mine updated before my bank showed any pending deposits.

Just wanted to update everyone - I'm also waiting with a 3/24 DDD through SBTPG and TurboTax. Been checking the SBTPG portal religiously since reading these comments and my status finally changed to "funded" about 2 hours ago! 🎉 Using a local credit union so hopefully I'll see the deposit hit tomorrow morning. Thanks @Logan Chiang for sharing your experience - gave me hope to keep checking! And @Miles Hammonds thanks for the portal tip, I had no idea that existed. Will update once the money actually hits my account but feeling optimistic now that it's moving through the system.

Something else to consider - if your businesses grow significantly, you might want to restructure into separate LLCs for liability protection. I started like you with multiple businesses under one EIN as a sole prop, but after my Amazon business took off, I formed an LLC for that part to protect my personal assets. You can still use pass-through taxation with an LLC (Schedule C), but you get better protection if something goes wrong with one business. The other businesses wouldn't be affected.

One thing I'd add from my experience running multiple businesses under one EIN - make sure you're prepared for potential complications if you ever need to apply for business loans or credit. Some lenders get confused when they see multiple business activities under a single EIN, especially if the revenue streams are very different like yours (real estate, e-commerce, subscription service). I had to provide extra documentation to explain how my different businesses operated when I applied for a business line of credit. It wasn't a dealbreaker, but it did slow down the approval process. Just something to keep in mind as your businesses grow. The tax side works fine with one EIN as others have mentioned, but the banking/lending side can sometimes be trickier.

try calling the tax advocates line at 877-777-4778. they might be able to tell you if there's an issue with your refund that's not showing up on transcript yet. sometimes there are holds that don't show up right away.

Glad to see you got your refund! This is such a common situation that happens every tax season. For anyone else reading this thread dealing with similar delays, here's what I've learned from going through this multiple times: The 846 code means the IRS has definitely released your refund, but there's often a 1-3 day processing window depending on your bank. Chime used to be super reliable with same-day deposits, but lately they seem to be more inconsistent - sometimes early, sometimes right on time, sometimes a day late. A few tips for next year: - Don't panic if your refund doesn't hit exactly on the 846 date - Check your account periodically throughout the day (deposits can come at weird times) - Make sure your banking info is 100% accurate when filing - Consider having a backup plan for bills if you're cutting it close with due dates The stress is real when you're depending on that money, but in most cases everything works out within 24-48 hours of the transcript date.