Great question about ATV documentation! For vehicles without odometers, you can track engine hours (most ATVs have hour meters) or create a simple usage log noting date, hours used, and specific business purpose. I keep a waterproof notebook in my ATV's storage compartment and jot down: "3/15 - 2.5 hrs - hauled gravel to back property fence repair" or "3/18 - 1 hr - inspected drainage issues after storm." Taking photos is huge - I have pics of my ATV loaded with tools, materials, and doing actual work at properties. Also keep receipts for anything you transport with it (building supplies, landscaping materials, etc.) as this helps prove legitimate business use. One tip: if you use it for any personal recreation, be honest about the percentage. It's better to claim 80% business use with good documentation than 100% business use that falls apart under scrutiny. The IRS respects honest record-keeping more than inflated claims.

One thing I'd add about the LLC vs sole proprietorship question - it really won't make a difference for tax purposes if you're already set up as a single-member LLC. Both are treated as "disregarded entities" by the IRS, meaning the income and losses flow through to your personal return either way. The bigger consideration is liability protection. Your LLC shields your personal assets if something goes wrong with the property management activities. If you create a separate sole proprietorship for the ATV and property management work, you'd lose that protection for those activities. Instead of restructuring, focus on proper documentation that the ATV is a legitimate business expense for your existing LLC. Keep detailed records of business use, take photos of it being used for property maintenance, and maintain receipts for business-related supplies you haul with it. The key is showing the ATV is ordinary and necessary for your rental property business operations. Also, don't forget about the Section 199A QBI deduction - if your rental activities qualify as a business (rather than just passive investments), you might be eligible for up to a 20% deduction on your pass-through business income, which could be more valuable than just the ATV depreciation alone.

I just went through this exact same situation last month! Your additional payment after filing the extension definitely goes on Schedule 3 Line 9 as an estimated tax payment, not Line 10. In TurboTax, you'll find this in the "Deductions & Credits" section under "Estimates and Other Taxes Paid." Look for where it asks about estimated tax payments - there should be a field to enter additional payments made during the year. Make sure you have the date and confirmation number from your payUSAtax payment handy. One thing to double-check: if you made the payment through payUSAtax, make sure it was applied to the correct tax year (2024 if you're filing your 2024 return). Sometimes people accidentally apply payments to the wrong year, which can cause major headaches later.

Just wanted to add one more verification step that helped me when I was in a similar situation - after you enter your payment in TurboTax, check that your total payments on the final review screen match what you actually paid to the IRS throughout the year. I caught an error this way where I had accidentally double-entered one of my payments. TurboTax was showing total payments that were higher than what I actually paid, which would have resulted in a larger refund than I was entitled to (and potentially issues with the IRS later). To verify: add up your extension payment + your additional payUSAtax payment + any other payments you made, and make sure that total matches what TurboTax shows on your final forms. It's a simple check but can save you from headaches down the road!

Thanks everyone for the helpful responses! This gives me a lot more confidence to move forward. It sounds like the IRS is more focused on tax compliance than credit scores, which is reassuring. I've been current on all my filings and payments, just had some personal financial struggles during COVID that dinged my score. Going to submit my EFIN application next week!

Just wanted to add my experience - I got approved with a 590 credit score last year. What really matters is having a clean tax history and being able to demonstrate you're responsible with client funds. The IRS is way more concerned about tax compliance than consumer credit issues. If you've been filing and paying on time, you should be fine! The fingerprinting fee is worth it if your tax record is clean.

Don't forget to check your state's requirements too! I got hit with an unexpected state tax bill because even though I was tracking everything for federal taxes, I totally missed that my state has different reporting requirements for online sellers. Some states have lower thresholds than the federal $10k for 1099-K reporting.

Just wanted to add a practical tip for everyone dealing with this - make sure you're tracking your inventory purchases throughout the year, not just scrambling at tax time. I learned this the hard way my first year. I use a simple spreadsheet to track what I buy specifically for resale (with purchase receipts), versus personal items I'm just getting rid of. This makes it so much easier when you need to calculate your actual cost of goods sold versus personal property sales. Also, don't forget about other deductible expenses like your eBay store subscription fees, packaging materials, printer ink for shipping labels, even a portion of your internet bill if you're doing this regularly. These little expenses add up and can significantly reduce your taxable profit. The key is staying organized from the start rather than trying to reconstruct everything when you get that 1099-K!

Has anyone dealt with reversing an RMD that got sent after someone died? My grandmother passed in October and her November RMD went through before we could stop it. Is there any way to put that money back into the IRA?

I'm dealing with a very similar situation right now with my father's estate. One thing I learned from our estate attorney is that you should also request documentation from the IRA custodian showing the exact date and time the RMD was processed, not just when it was deposited into the bank account. Sometimes there can be a delay between when the distribution is officially processed by the IRA custodian and when it hits the bank account. Also, if you haven't already, make sure to get certified copies of the death certificate to the IRA custodian as soon as possible. This officially notifies them of the death and should stop any future automatic distributions. Most custodians will also provide you with the necessary forms to establish inherited IRA accounts for you and your brother, which you'll need to handle future required distributions under the new beneficiary rules. The sooner you get this paperwork started, the easier it will be to sort out any post-death distributions that may have occurred.