I filed February 10th, got 846 code last Friday with March 27th date, bank with Go2Bank, and still waiting. Their customer service confirmed they don't release tax refunds early like some other banks do. We're just gonna have to be patient until the 27th. 😩

Go2Bank holder here and unfortunately can confirm what everyone else is saying - they stick to the exact date on your transcript no matter what. I've been with them for 2 years and they've never released my refund early, even by one day. Since your 846 shows March 27th, that's exactly when you'll get it. I know it's frustrating seeing other banks release early, but at least you know for certain it's coming! The good news is Go2Bank is usually pretty reliable about depositing right at midnight on the scheduled date.

I used FreeTaxUSA last year for my W2 and multiple 1099-NECs and it worked fine technically but I missed a TON of deductions. I think the issue is that FreeTaxUSA doesn't prompt you for industry-specific deductions - they have the fields for everything but you have to know what to enter. This year I paid a CPA $350 and she found over $4,200 in additional deductions FreeTaxUSA never prompted me about.

I've been using FreeTaxUSA for my W2 + 1099-NEC situation for two years now and it's definitely capable of handling both income types. The software walks you through everything step by step - W2 entry is straightforward, and for the 1099-NEC it creates Schedule C automatically and calculates your self-employment tax on Schedule SE. That said, after reading these comments I'm realizing I probably left money on the table with deductions. FreeTaxUSA asks about common business expenses but doesn't really probe deeper for industry-specific ones. For graphic design work specifically, you might be able to deduct things like stock photo subscriptions, design software, computer equipment depreciation, professional development courses, even a portion of your internet bill if you work from home. My advice: FreeTaxUSA will get the job done correctly, but spend some time researching graphic design business deductions beforehand so you know what to look for when you're entering expenses. The IRS has good resources on their website about what freelancers can deduct. With only $7,800 in freelance income, you're probably fine with FreeTaxUSA as long as you do your homework on deductions first.

Has anyone else noticed that the thresholds aren't adjusted for inflation? $100k in 2018 when many of these laws started is not the same as $100k today. With inflation, these thresholds are effectively getting lower each year, forcing more small businesses to deal with multi-state compliance.

The inflation point is really frustrating as a small business owner. What was intended to catch larger sellers is now pulling in smaller operations that might not have the resources to handle multi-state compliance properly. I've also noticed that some states are getting more aggressive with enforcement - I received a notice from Pennsylvania last month for nexus I didn't even know I had established. Turns out they were tracking my Amazon sales data and determined I crossed their threshold 6 months ago. The retroactive penalties were brutal. It makes me wonder if we'll see more states like Kansas raising their thresholds, or if the trend will continue toward making it easier to trigger nexus requirements. Either way, staying on top of these changes is becoming a full-time job in itself.

Just to clarify something important: this notice doesn't mean you're getting a refund in 2022. It means part of your 2021 refund ($950) was applied as a payment toward your 2022 taxes (the ones you'll file in 2023). The IRS is telling you they couldn't apply the full $1,825 you requested because after recalculating your 2021 taxes, you didn't have that much refund available to apply. Check the notice for details about what error they found - typically it's unreported income, incorrect credits, or math errors.

I had a similar situation a couple years ago and it really helped to understand the timeline of what actually happens. When you file your 2021 return and elect to apply part of your refund to 2022 estimated taxes, the IRS treats that as if you made an estimated tax payment for 2022 on April 15th (or whenever you filed). So in your case, they applied $950 as if you had made a $950 estimated tax payment for 2022. This will show up on your 2022 tax account and reduce any balance you might owe when you file your 2022 return. The key thing to watch for is whether the notice shows a balance due for your 2021 return. If they found an error that reduced your refund from $1,825 to $950, but you had other refund amounts beyond what you wanted applied to estimates, they might have just reduced your cash refund instead of creating a balance due. Look for sections in the notice that show "Amount you owe" or "Balance due" - if those are zero or blank, you're probably fine and don't need to take any immediate action.

For future reference, here's what I learned about 1099-INT forms from the IRS: 1. When the IRS issues a 1099-INT for interest on your tax refund, they are the "payer" 2. The Payer's Federal Identification Number is the TIN you need (52-1545001) 3. You generally need to report this interest on Schedule B if it's over $1,500 total interest 4. This interest is fully taxable at the federal level but may not be taxable for your state (depends on where you live) Hope this helps others who run into the same confusion!

Quick clarification - I'm a tax preparer and want to add that you actually need to report ALL interest on your tax return, not just amounts over $1,500. The $1,500 threshold is just for when you need to itemize the sources on Schedule B. Even small amounts of interest income need to be reported on your 1040.