Quick tip - save all your subscription receipts and take screenshots of the research they provide that you actually use for trades. I got audited last year and having this documentation saved me. The IRS questioned my trading subscription deductions specifically. Being able to show the direct connection between the research I paid for and actual trades I made based on that info was crucial. They wanted to see that the expense was "ordinary and necessary" for my trading activity.

Be very careful about the trading group deduction if you're dealing with crypto. The IRS has been extra scrutinous about crypto-related deductions lately, especially for subscription services that provide trading signals or research. I'd strongly recommend keeping detailed records of: 1. Every trade you made based on the group's research (with timestamps) 2. Screenshots or downloads of the specific research that influenced each trade 3. A trading journal documenting hours spent analyzing the group's research 4. Evidence that you're truly operating as a trader (regular income from trading, substantial time commitment, etc.) The $400/month subscription is substantial enough that it could trigger additional IRS attention if audited. Make sure you can demonstrate that this expense directly contributed to your trading profits and wasn't just general investment advice. Also consider consulting with a tax professional who specializes in trader tax status before filing. The rules around crypto trading classification are still evolving and you want to make sure you're positioning everything correctly from the start.

Verification specialist here. The 9-week timeframe is pretty accurate these days. The freeze code (usually TC570) is automatically placed during review. Don't waste time calling - use tools like taxr.ai to track your progress or just check WMR weekly. The transcript updates usually happen on Friday mornings between 3-6am EST.

Hey Diego, I went through the exact same thing last month! Had the 810 freeze code and was freaking out too. The freeze is totally normal after ID verification - it's basically the IRS saying "hold up, we're reviewing everything." Your processing date of May 30th means they're actively working on it. I know 9 weeks sounds forever but that's unfortunately the standard timeline right now. My advice? Stop checking your transcript daily (I know, easier said than done) and maybe set a reminder to check again in a few weeks. The anxiety isn't worth it - you'll get your $3,742! 🙏

Congratulations on your promotion! You're getting some great advice here. As someone who works in tax preparation, I want to emphasize a few key points: 1. The marginal tax system explanation is spot-on - you'll never take home less money by earning more due to tax brackets alone. 2. With your jump from $37k to $51k-$55k, definitely update your W-4 withholding immediately. The IRS withholding calculator is free and will help you avoid surprises. 3. Since you're filing Married Filing Separately, make sure you're maximizing any available deductions. The standard deduction for MFS is lower than joint filing, so itemizing might benefit you more than you think. 4. Consider increasing 401k contributions if available - this reduces your taxable income and helps with retirement savings. Even an extra 1-2% can make a meaningful difference. 5. Keep records of any work-related expenses from your promotion (professional development, required certifications, etc.) as these might be deductible. The fact that you're thinking about this proactively puts you ahead of most people. Take advantage of the tools mentioned here, but also consider meeting with a tax professional for your first year at the higher income level to make sure you're optimizing everything correctly.

Great advice throughout this thread! Just wanted to add one thing that helped me when I got a similar promotion - don't forget to look at how this affects any other benefits you might have. For example, if you have health insurance through the marketplace, your premium tax credits might change with the higher income. Same goes for things like childcare assistance programs or other income-based benefits you might currently receive. Also, since you mentioned having a son as a dependent, you might want to check if your new income affects your eligibility for the Earned Income Tax Credit. At your new salary level, you might still qualify but the credit amount could change. The good news is that crossing from $37k to $51k-55k shouldn't disqualify you from most major tax credits, but it's worth double-checking everything so there are no surprises next year. Congrats again on the promotion - sounds like you're being really smart about planning ahead!

I had a roommate who worked as a bartender and never reported tips for years. IRS eventually caught up with him and hit him with back taxes, penalties and interest. They definitely go after smaller fish too, just might take longer.

Former IRS compliance officer here (retired). The $2 million threshold is a common misconception that gets people in trouble. While it's true that whistleblower awards are structured differently above and below that amount, the IRS investigates tax evasion at ALL income levels. What many people don't realize is that the IRS has multiple detection methods beyond whistleblower reports - lifestyle audits, third-party information matching, bank deposit analysis, and industry-specific compliance programs. Those cash-only contractors and service providers you mentioned are actually prime targets for these automated screening systems. The agency uses something called the "Unreported Income DIF" (Discriminant Function) that flags returns with statistical anomalies. If someone's reported income doesn't match their apparent standard of living or industry norms, they'll likely get flagged eventually - no whistleblower needed. Bottom line: there's no safe amount of unreported income. The consequences (penalties, interest, potential criminal charges) far outweigh any short-term benefits of tax avoidance.

bruh why they gotta make everything so complicated with all these codes n dates? 🤡 irs needs to get with the times fr

Based on your transcript, you're looking at a solid refund! Your Code 150 shows $2,545 in tax liability, but your credits (766 + 768) total $12,143, so you should get back around $9,598. The processing date of 02-24-2025 is actually really good - means they're working on it early. With EIC involved, expect maybe 2-3 weeks from that processing date for direct deposit. The CMCOTMCTT TAA is just internal IRS accounting stuff, don't worry about that part. Your cycle date 20250605 shows normal processing sequence. Keep checking your transcript every few days for a 846 refund code with your actual refund date!