its ridiculous we gotta jump through all these hoops just to get our own money back smh

I'm dealing with the exact same thing! Filed 2/15, ID verified 3/18, and my IRS2Go shows "being processed" while my online account says "return not processed." It's so confusing having two different statuses from the same agency. The waiting is brutal especially when you're counting on that refund. At least now I know I'm not the only one seeing this discrepancy - makes me feel a bit better that it's probably just a system sync issue rather than something wrong with my return.

This is really helpful to know! I'm dealing with a similar situation right now - been checking my transcript obsessively and no 846 code yet, but after reading these experiences I'm going to start checking my bank account more frequently too. It's frustrating that the IRS systems aren't synchronized, but at least now I know it's not just me being paranoid about the timing. Does anyone know if there's a pattern to when these batch updates typically happen? Like are there certain days of the week when transcripts are more likely to update?

This is really eye-opening! I had no idea this could happen. I've been religiously checking my transcript every morning for the past two weeks waiting for that 846 code to appear, but now I'm wondering if I should be checking my bank account just as frequently. It's honestly pretty frustrating that the IRS can't keep their own systems in sync - like, how hard is it to update both databases at the same time? But I guess if there's a chance my refund could show up early, I'm not going to complain. Has anyone found that calling the IRS helps clarify the timing, or is it just a waiting game regardless?

21 Has anyone gone through an IRS audit for their ERC claim? We're about to file our 941-X forms but I'm nervous about the increased scrutiny I've been hearing about. Any red flags we should avoid?

I went through this exact decision last year and ended up filing the 941-X forms myself rather than paying ADP's fees. Here's what I learned: the forms themselves are straightforward, but make absolutely sure you have rock-solid documentation for your eligibility periods and qualified wage calculations. The key is being meticulous with your records. I created a detailed spreadsheet tracking each employee's qualified wages by quarter, kept copies of all government orders that affected our business operations, and maintained clear documentation of our revenue decline. When the IRS processed our claim, they requested additional documentation, but having everything organized made the response quick and painless. One tip: double-check that your ERC specialist calculated everything correctly before you file. I caught a small error in their work that would have delayed processing. Also, be prepared for longer processing times - our refund took about 8 months to arrive, but that seems typical for ERC claims filed in the past year.

make sure you deduct all your legitimate business expenses before calculating QBI! I'm a doctor with side consulting work and my biggest mistake first year was not tracking things like license fees, subscriptions, continuing education, malpractice insurance for the contractor work, etc. Those all reduce your taxable income which helps if your close to the threshold!

As a radiologist who's been doing contract work for several years, I can confirm you should definitely be eligible for the QBI deduction! The key thing to understand is that while radiology is considered a "specified service trade or business," you're not automatically disqualified - it just means there are income thresholds that apply. With your total income around $230,000, you'll likely qualify for at least a partial deduction depending on your filing status and final taxable income after all deductions. The phase-out for single filers starts at $182,100 and completely phases out at $232,100 for 2024 tax year. A few practical tips: Make sure you're tracking all your business expenses related to the contractor work (professional licenses, malpractice insurance, continuing education, etc.) as these reduce your taxable income. Also consider the home office deduction if you're doing reads from home - it's separate from QBI but helps reduce your overall tax burden. Don't let TurboTax's confusing interface discourage you from claiming what you're entitled to. The software sometimes makes it seem more complicated than it actually is for healthcare professionals.

Hey! This is a bit of a tax hack, but if you're only dealing with ONE stock sale on a 1099-B, you might actually be able to report it directly on Form 1040 Line 13 without completing the entire Schedule D. Check out the instructions for Schedule D - there's something called the "Schedule D Tax Worksheet" that you might be able to skip altogether in your situation!

I ran into this exact same circular reference nightmare last year! What finally worked for me was treating it like a rough draft process. Here's the step-by-step that broke me out of the loop: 1. Fill out Schedule D Part I or II (depending on short/long-term) with your 1099-B info - just the basic transaction details 2. For any calculations that reference Form 1040, put in a reasonable estimate or zero temporarily 3. Transfer what you can calculate to Form 1040 Line 13 4. Complete Form 1040 through Line 44 5. Go back to Schedule D and complete the calculations that needed Line 44 6. Double-check that your final Schedule D total still matches Line 13 (adjust if needed) The IRS forms are designed this way because they need to cross-reference each other, but they don't expect you to get it perfect on the first pass. Think of it as "fill in what you can, then come back to finish the rest." Once I realized it was okay to do multiple passes through the forms, the whole process became much less stressful!