next year im avoiding tax prep fees completely and going strait to a CPA. This middle man stuff is for the birds fr

I feel your pain! SBTPG had mine for 3 business days last month. What helped me was setting up account alerts with my bank so I'd get notified the second it hit instead of constantly checking. Also their website updates around 6pm EST each day if you want to track the status. Hang in there - it should come through soon! 💪

I'm dealing with a very similar situation right now! Got my PayPal 1099-K showing about $67K in transactions, mostly from DraftKings and some peer-to-peer transfers for betting pools with friends. One thing I learned from my preliminary research is that you absolutely need to keep the friend transactions separate from your actual gambling activity. The IRS doesn't care about money that just flows through your account - they only want to tax actual gambling winnings. I'd definitely lean toward finding a CPA with gambling tax experience. I called around to a few tax preparers and was shocked at how many weren't familiar with the new 1099-K reporting requirements or how to properly handle online gambling situations. Also, start gathering your documentation now if you haven't already. Most sportsbooks let you download your complete betting history, which makes creating that detailed record much easier. Don't wait until tax season when you're stressed and rushing to get everything together. The good news is that if you truly had net losses for the year, you shouldn't owe tax on gambling income - but you still need to report everything correctly to avoid any red flags with the IRS.

I'm in almost the exact same situation with my PayPal 1099-K! Just got mine showing $78K in transactions, mostly from FanDuel and BetMGM deposits/withdrawals, plus some money I handled for my cousin who doesn't have his own PayPal account. Reading through all these responses has been super helpful - I had no idea about the itemized deduction requirement for gambling losses. That's definitely going to change my approach since I usually take the standard deduction. One thing I'm still confused about though - if I had net gambling losses for the year but also received some promotional bonuses and free bets that I cashed out, how do those factor in? Are the promotional winnings considered taxable income even if my overall gambling activity resulted in losses? I think I'm going to follow the advice here and find a CPA who specifically handles gambling taxes rather than trying to figure this out myself. The peace of mind will be worth the extra cost, especially with the IRS being so strict about 1099-K reporting now.

Just an FYI for anyone filing Form 8379 - make sure you're keeping really good records showing which spouse earned what income and had what withholding. My husband and I filed injured spouse last year and even though we submitted everything correctly, the IRS still needed additional documentation from us to prove which withholdings were mine vs his. Delayed our refund by 2 months!

I'm dealing with the exact same Form 8379 delay! Really appreciate everyone sharing their experiences here. I called the IRS myself last week (after waiting 3 hours on hold) and the agent confirmed this is happening across all tax software platforms, not just TurboTax. She mentioned that the delay is specifically because they're implementing new fraud prevention measures for injured spouse claims. Apparently there were issues last year with people incorrectly claiming injured spouse status to avoid offsets they were legitimately responsible for. The agent also told me that once filing opens up after March 17th, injured spouse returns will actually be processed slightly faster than previous years because of the system improvements they're making during this delay period. So hopefully the wait will be worth it in the end! One tip she gave me: make sure your Form 8379 allocation percentages add up to exactly 100% between you and your spouse. Even small rounding errors can trigger manual review and delay your refund by several additional weeks.

Anybody know if its different for people claiming EIC?

Been dealing with the same thing since I filed on 1/30! Super frustrating when you're waiting on that refund. From what I've learned lurking here, it seems like the account transcript showing up is basically the IRS saying "yep, we're officially processing your return now." The wage transcript appearing first just means they've matched your W2s to your return, which is a good sign. Hang tight - sounds like most people are seeing their account transcripts pop up within 2 weeks of filing based on the comments here.

Has anyone tried Credit Karma Tax? I switched to them last year and they're completely free for federal and state. No hidden fees, no refund transfer delays. The IRS direct deposited to my account in 8 days. The interface isn't as nice as TurboTax, but for the price difference, I can deal with it.

This is exactly why I always tell people to avoid the refund transfer option if possible! I've been preparing taxes for family members for years and learned this lesson the hard way. The marketing makes it sound convenient, but what they don't emphasize is that you're essentially adding an extra middleman (the bank) between you and your refund. Michael, I'm sorry you had to deal with this runaround. For future reference, if you can't pay the prep fees upfront, some tax software companies like FreeTaxUSA actually let you file your federal return for free and only charge for state returns. That way you can still get your federal refund directly from the IRS without any third-party delays. Also, for anyone reading this - always check the "Where's My Refund" tool on the IRS website. It will show you exactly when the IRS processed and sent your refund, which gives you ammunition when dealing with these processing banks if there are unexplained delays.