Don't wait for transcript updates - call the IRS verification hotline directly at 800-830-5084 to confirm your verification was processed correctly. Sometimes the online system doesn't sync properly, and you can lose weeks waiting for something that's stuck. Ask specifically if there are any other holds on your account besides the identity verification. If they say it's clear, request they expedite the release of your refund due to financial hardship if that applies to you.

I went through this exact process about 3 weeks ago and can share my timeline. After ID.me verification, it took exactly 9 business days for my transcript to show any movement. The key thing I learned is that the IRS systems update overnight, typically between 12am-6am EST, so checking first thing in the morning is most productive. One thing that helped me track progress was setting up IRS account notifications - they'll email you when there are transcript updates instead of you having to check manually every day. Also, don't panic if you see a 570 code appear first - that's actually a good sign that your verification went through and they're now processing your return. The 571 code (hold release) usually follows within 3-5 business days after that. My advice: check Wednesday and Friday mornings like Maya suggested, but don't stress about daily checking. The system will update when it updates, and constantly refreshing won't speed it up!

Little tip for anyone using tax software in the future - always double check these specific form details before filing! TurboTax, H&R Block, and others sometimes make default selections that aren't right for your situation. I always go through the actual PDF preview of my return before submitting to catch stuff like this.

I had this exact same issue with TurboTax last year! Box F instead of Box E on my 8949 for long-term capital gains. I was stressed about it for weeks, but ultimately decided not to amend since all my dollar amounts were correct. From what I've learned through my research and talking to other people who've dealt with this, the IRS computer matching system is primarily looking at whether you reported all your proceeds from sales. The box selection is more of an administrative detail for form organization rather than something that affects your actual tax calculation. One thing that helped me feel better about my decision was realizing that filing an amendment can sometimes draw more attention to your return than the original minor error would have. Since your gains/losses are calculated correctly and match what was reported on your 1099-B, I'd personally leave it alone. Two years later, I've never heard anything from the IRS about that box error.

Protip: Stop checking WMR its garbage. Transcripts are the source of truth for everything tax related

Just wanted to chime in as someone who went through this exact same thing last year! The 846 code is definitely what you want to see - that's the IRS saying "we're sending your money." WMR is notorious for being slow to update and honestly kind of unreliable. I've seen people get their refunds while WMR still showed "accepted" for days afterward. Trust your transcript over WMR every time!

Just wanna say that the accountant should pay for this mess if they screwed up! If they submitted incorrect forms or calculations, they should at least help fix it for free or compensate for any penalties. Accountants carry professional liability insurance for exactly this reason. Don't let them off the hook if they made a serious error that's costing your parents $135k!

This is a really complex situation, and I feel for your parents dealing with such a massive assessment. Based on what you've described, there are definitely red flags with how this was handled. The single 709 form issue you mentioned is huge - when couples elect gift splitting for life estate transfers, each spouse absolutely needs to file their own Form 709 with proper consent elections. This isn't optional. A few immediate steps I'd recommend: 1) Don't wait to respond - CP105 notices typically have 30-day deadlines 2) Get the exact language from the notice about what the IRS thinks was miscalculated 3) Gather all documentation about the original property purchase, current appraisal, and the life estate deed 4) Find out what actuarial factors and interest rates were used in the original calculation Life estate valuations are incredibly technical and use specific IRS tables that change regularly. The $220k increase in property value isn't necessarily the taxable gift amount - it depends on your parents' ages, current interest rates, and whether they properly retained life estate rights. Given the amount involved, I'd strongly suggest getting a second opinion from an estate planning attorney who specializes in gift tax, not just another accountant. This is way too much money to leave to chance, and the original accountant clearly made some serious errors.

I've used Dave for two years now. Last year my refund took 3 business days after TPG showed funded, this year it took 4 business days. I'm starting to think these "early deposit" banks aren't really any faster than traditional banks for tax refunds specifically. Regular paychecks come early, but tax refunds seem to follow a different process. I'm watching this thread because I'm considering switching banks next year if others have better experiences elsewhere.

I'm going through the exact same thing right now! Filed 2/5, accepted 2/6, TPG funded 2/21, and still nothing in my Dave account as of today (2/27). I've called Dave three times and they keep saying no pending deposits, but reading everyone's experiences here is actually really reassuring. It sounds like 3-5 business days after TPG funding is normal, even though Dave's marketing makes it sound like we should get it immediately. I'm going to wait until Friday before panicking, but this is definitely my last year using Dave for tax refunds. The stress isn't worth the supposed "early" deposit that apparently isn't even early! Thanks everyone for sharing your timelines - it helps to know this is normal even if it's frustrating.