I totally understand your anxiety! 😰 Going through this same situation is so stressful, especially when you have important expenses planned. From what I've learned from others here, TPG reviews are unfortunately pretty standard but nerve-wracking. A few things that might help while you wait: • Check your IRS transcript online (irs.gov) to see if your refund has already been sent to TPG - this can give you peace of mind that the IRS side is done • Keep calling TPG customer service daily - sometimes persistence pays off • Document everything (dates, times, who you spoke with) in case you need to escalate The good news is that most people here seem to get their money within a few days, even though it feels like forever. Hang in there! 💪 Your mom's medical supplies are important and hopefully this gets resolved quickly. Keep us updated on how it goes!

I'm so sorry you're going through this stress! 😔 As someone who's dealt with TPG before, I can share what worked for me: **Immediate steps you can take:** • Get your IRS transcript at irs.gov/individuals/get-transcript - this will show if the IRS has already sent your refund to TPG (code 846 means it's been disbursed) • Call TPG at 1-877-908-7228 and ask specifically what's flagging the review - don't accept vague answers • If they won't give details, ask to speak with a supervisor **What likely happened:** TPG probably received your refund from the IRS already but their automated system flagged something minor (could be as simple as a name formatting difference). The review is on their end, not the IRS. **Timeline reality check:** Most TPG reviews resolve in 2-4 business days. I know that feels like forever when you need the money for your mom's medical supplies, but try to stay calm. If it goes beyond 5 business days, that's when you should escalate more aggressively. Document every call you make. You've got this! 💪

Just want to add another data point - I'm a physician with a similar setup (S Corp, contracted with one hospital system), and I pay $400 quarterly for filing + $1200 annually for my business return. Total yearly accounting costs around $2800. My CPA handles all quarterly estimated tax payments, payroll, reasonable compensation documentation, retirement account coordination, and gives me quarterly planning meetings. That $1650 quarterly fee you're paying would be $6600 annually JUST for quarterly filings, not including your annual returns!

That pricing is absolutely excessive for your situation. I'm a tax preparer who works with several single-member S Corps in healthcare, and your CPA is charging you about 4x what's reasonable. For a straightforward S Corp like yours - one income source, no employees, minimal complexity - quarterly filings should take 30-45 minutes max once everything is set up. Even at $275/hour, that's $125-200 per quarter, not $1650. The fact that they're quoting the same fee for future quarters (when there's no setup work) is a red flag. A reputable CPA would explain that first-quarter costs are higher due to initial setup and client onboarding, with subsequent quarters being significantly less. I'd strongly recommend getting quotes from other CPAs who specialize in small professional service businesses. Many offer flat-fee packages for simple S Corps that would save you thousands annually. Don't let them take advantage of you being new to business ownership.

Another option to consider - if you expect to have access to a new employer 401k soon, you could file an extension for your taxes which would give you until October 15th to figure this out. That might buy you enough time to find a new job with a 401k plan that accepts rollovers, then you could just roll the old 401k into the new one and keep your non-deductible IRA contribution in place. Just make sure to file Form 8606 to track the non-deductible basis.

Just want to add a crucial point that might save you some hassle - when you contact your IRA provider about the excess contribution removal, make sure you specifically ask them to process it as a "return of excess contribution" rather than just a withdrawal. The tax reporting is completely different between these two types of transactions. Also, double-check that your 2023 contribution was actually non-deductible. If your income was low enough in 2023 to qualify for a deductible traditional IRA contribution, you might want to consider just treating it as deductible instead of removing it. This could simplify things depending on your specific tax situation. One more thing - if you do proceed with the removal, keep detailed records including the date of the original contribution, the removal date, and all correspondence with your IRA provider. The IRS can be picky about the documentation for these transactions.

Wait ur telling me ID.me verification doesnt even matter? what was the point then smh

Been there! The frustrating part is that ID.me and TPP are completely separate systems that don't talk to each other. ID.me is for accessing your online IRS account, while TPP verification is specifically for flagged tax returns. When you call 800-830-5084 with your control number 70221424664353, they'll likely ask you questions about prior year tax info, personal details, and specifics from your 2022 return. Make sure you have your 2021 return handy and any documents related to your 2022 filing. The good news is once you complete this verification, your 2022 return should finally process and you'll see movement on your transcript. Just another hoop to jump through in the wonderful world of IRS bureaucracy! 🤷‍♂️

Just to add another wrinkle - does your company offer this investment to all employees or just to some? If it's selective, you could potentially run into issues with Department of Labor rules regarding employee benefit plans. This gets super complicated but if your employer is selectively offering investment opportunities through retirement accounts, there might be ERISA implications.

Great question, Gabriel! You're right to be cautious about this situation. Since your private equity investment is held within your Roth IRA, the K-1 income generally stays within the tax-sheltered environment and won't flow through to your personal tax return. However, there are a few key things to monitor: First, watch out for Unrelated Business Taxable Income (UBTI) - if your private equity investment generates more than $1,000 in UBTI annually, your IRA itself may owe taxes and need to file Form 990-T. Second, since this is an investment in your employer, make sure you've documented that this doesn't constitute a prohibited transaction (sounds like your third-party administrator already cleared this). The main action item for you is ensuring your IRA custodian understands how to handle K-1 reporting and UBTI monitoring. Many custodians aren't experienced with these complex investments, so it's worth having a conversation with them about their process before the K-1 arrives. You don't want to discover reporting issues after the fact!