I completed in-person Identity Verification on March 3rd last filing season. My account showed the verification message for exactly 11 days afterward. The Cycle Code on my transcript was 20230905, indicating I was on the weekly processing schedule. The verification status in the internal IRS systems updated before the portal did - when I called the Taxpayer Protection Program line at day 10, they confirmed verification was complete despite the website message. Direct deposit hit my account on day 19 after verification. The system isn't real-time - there's significant lag between internal updates and what we see.

I'm going through this exact same situation right now! Filed 2/15 and did in-person verification on 3/5, so I'm just a couple days behind you. My account is still showing the dreaded "verify now" message too. Reading through everyone's experiences here is actually really reassuring - it sounds like 7-14 days is pretty normal for the system to catch up. I've been checking my account obsessively every day (probably not helping my stress levels!), but based on what others have shared, I should probably expect the message to stick around until at least next week. The transcript checking tip is gold - I didn't realize that updates there first. Going to start monitoring that instead of just the main account page. Thanks for posting this question, you're definitely not alone in the waiting game!

My theory is that they're targeting specific types of returns for extra scrutiny. Do you claim EIC, child tax credit, or have self-employment income? Those seem to trigger more verification requests.

I'm going through the exact same thing! Filed early March, got the ID verification letter around the same time as you, completed it immediately, and now I'm stuck with that same "delayed beyond normal timeframe" message. It's so frustrating because like you said, I've been filing the same way for years with no issues. From reading through all these responses, it sounds like this is unfortunately super common this year. The transcript checking advice seems really helpful - I'm going to log into my IRS account tonight and look for those codes everyone mentioned (570, 571, 846). It's reassuring to know I'm not alone in this, even though it sucks that so many of us are dealing with these delays. Hopefully we'll both see some movement soon! Keep us updated if your status changes.

Great discussion everyone! I've seen this exact discrepancy many times in my practice. The most common causes are: 1. **Timing differences** - Guaranteed payments accrued in one period but paid in another 2. **Capitalization issues** - Some guaranteed payments capitalized for book purposes (like partner services for asset development) but fully deducted for tax 3. **Non-cash benefits** - Health insurance, retirement contributions, etc. that may have different book vs. tax treatment To troubleshoot, I always recommend: - Compare the current year M-1 with prior year to spot patterns - Review the partnership agreement for any unusual guaranteed payment structures - Check if any partners provided services related to capital projects or asset acquisitions - Look for footnotes or workpapers that explain the M-1 reconciling items The key is that Schedule M-1 reconciles book income to taxable income, so any item treated differently between financial reporting and tax reporting will create these discrepancies. It's actually quite normal and doesn't necessarily indicate an error - just different accounting methods being applied.

I've been following this thread and wanted to share another scenario that can cause these discrepancies - **partner benefit plans**. If the partnership pays for things like disability insurance, life insurance premiums, or contributes to SEP-IRAs for partners, these are treated as guaranteed payments for tax purposes but might be handled differently on the books. For example, some partnerships will record life insurance premiums as a direct expense for book purposes (reducing book income) but report them as guaranteed payments for tax purposes (which get added back on Schedule K). This creates exactly the kind of M-1 difference you're seeing. Also check if the partnership made any **Section 199A deduction adjustments** related to guaranteed payments. While guaranteed payments don't qualify for the 199A deduction, if the partnership incorrectly included them in QBI calculations and then had to make corrections, this could show up as reconciling items on M-1. Have you looked at the specific line items on Schedule M-1 to see which reconciling adjustments are creating the difference? That might give you a clearer picture of what's causing the discrepancy.

Omg I was EXACTLY where you are!!! Filed early February, got that stupid letter, freaked out completely! 😭 Called and verified my identity on March 2nd, and my refund hit my account March 24th! Just under 3 weeks! I was shocked it went so fast after all the nightmare stories I read. Hang in there - the worst part is over now that you've verified!

As a fellow service member who's been through this process, I can share some reassurance! After ID verification is complete, you're typically looking at 2-3 weeks for processing. The IRS doesn't officially expedite military returns, but when you mention PCS during any follow-up calls, agents are usually more helpful. I'd recommend checking your online transcript weekly rather than WMR - it updates faster and shows the actual processing codes. If you don't see movement by the 3-week mark, definitely call the military helpline that Chris mentioned. The timing should work out for your PCS if everything goes normally. Stay positive - you're through the hardest part!

This is such helpful information! I had no idea about the stepped-up basis rule - that's a huge relief. So just to make sure I understand correctly: if my parents do the 1031 exchange to get the bigger property, and then later I inherit it, I basically get a "clean slate" with the property valued at whatever it's worth when they pass away, right? And then if I keep it as a rental, I can start depreciating from that new higher value? That actually sounds like it could work out really well tax-wise. I'm definitely going to share this thread with them - sounds like the 1031 exchange could be a smart move for multiple reasons beyond just deferring their current taxes. Thanks everyone for breaking this down in terms I can actually understand!

One thing to keep in mind is that while the stepped-up basis rule is incredibly beneficial, your parents should also consider the cash flow implications of the 1031 exchange. Moving from a fully depreciated property (where they're getting maximum depreciation benefits) to a new property means they'll be starting over with depreciation on the replacement property too. The new property will likely have a much higher basis for depreciation purposes, which could actually increase their annual depreciation deductions and reduce their taxable rental income during their lifetime. This could be especially valuable if they're in a high tax bracket now. Also, make sure they consider the condition and potential maintenance costs of the new property versus keeping their current fully-paid-off rental. Sometimes the devil is in the details beyond just the tax benefits!