Hey Keisha! I see you're dealing with a "Return Not Present" message - this is actually pretty common early in the filing season. It basically means the IRS hasn't fully processed your return yet, even though you filed it. The blank fields for AGI, taxable income, etc. will populate once they finish processing. The 570 code you mentioned usually appears as a temporary hold while they review something (could be identity verification, income matching, or just routine processing). Since you filed jointly and everything shows zero balances with no actual transaction codes listed, I'd give it another week or two before worrying. The IRS is still catching up from the filing season rush. Keep checking your transcript every few days - once processing completes, you'll see all your return info populate and hopefully a 846 refund code! 🤞

Hey Keisha! I totally get your confusion - IRS transcripts are like trying to decode a secret language sometimes! 😅 The "Return Not Present" message you're seeing is actually pretty normal this time of year. It just means the IRS received your return but hasn't finished processing it yet. All those blank fields (AGI, taxable income, etc.) will fill in once they complete processing. Since you filed married filing jointly and everything shows zero balances, it looks like they just haven't gotten to your return yet. The 570 code you mentioned is typically a hold code that appears while they're reviewing something - could be routine identity verification or income matching. I'd give it another week or two and keep checking your transcript. Once processing is done, you should see all your return details populate and hopefully that sweet 846 refund code! Don't stress too much - this happens to tons of people every filing season. 💪

This is such a helpful discussion - I've been paralyzed by this exact issue for over a year! The multi-sig approach and LLC fiduciary structure both sound promising, but I'm curious about the practical costs involved. Has anyone calculated the total annual fees for these setups? Between specialized custodians, legal documentation, compliance reporting, and LLC maintenance, I'm wondering if the costs might outweigh the benefits compared to just using a traditional crypto-friendly custodian that holds the keys themselves. Also, for those who've implemented these solutions - have you had any actual interactions with the IRS yet, or is this all still theoretical? I'd love to hear if anyone has been through an audit or examination where these structures were actually tested. The peace of mind from controlling my own keys is important, but so is not getting hit with massive penalties down the road. Trying to weigh the risks versus the costs and complexity of these workarounds.

Reading through all these responses, I'm struck by how much this highlights the need for clearer IRS guidance on crypto in SDIRAs. We're all basically trying to navigate uncharted waters with limited precedent. One thing I haven't seen mentioned yet is the potential impact of the recent Treasury regulations on digital assets (31 CFR 1010.605) and how they might interact with SDIRA compliance. While those regs focus on reporting requirements rather than custody, they do establish some framework for how the government views control over digital assets. For those considering the LLC route - another factor to consider is state law variations in LLC management and fiduciary duties. Some states have more developed case law around crypto asset management that could provide additional protection or clarity. I'm also curious if anyone has explored using smart contracts or DeFi protocols through their SDIRA structures? That seems like it could add another layer of complexity to the custody question, especially with things like staking rewards or liquidity pool participation. The multi-sig approach mentioned by @Liam McGuire sounds like the most defensible middle ground - maintaining custodial oversight while preserving some key security. Has anyone looked into whether hardware wallet manufacturers are developing solutions specifically for institutional custody that might work with SDIRA requirements?

thats actually not bad that they took care of the old debt and ur still getting something back. i got completely wiped out by my offset 😭

Looks like you're actually in pretty good shape! The code 846 with date 04-19-2023 means your refund of $3,770.73 was definitely issued. If you haven't received it yet, you should check with your bank first to see if there were any deposit issues. You can also use the "Where's My Refund" tool on IRS.gov or call the refund hotline at 1-800-829-1954 to track it. The code 826 transfer to "1040 202012" means they applied $9,462.27 to cover a balance you owed from your 2020 tax return (that's what the 202012 refers to). So basically out of your total withholdings of $15,593, they used $2,360 for your 2022 taxes, $9,462.27 for the 2020 debt, and sent you the remaining $3,770.73 as a refund. Your transcript is actually showing everything processed correctly with a zero balance, which is good news!

Has anyone tried TaxSlayer? My brother-in-law recommended it but I'm curious about real experiences before switching from TurboTax.

I made the switch from TurboTax to H&R Block's online service last year and was pleasantly surprised. The pricing was much more transparent - around $55 for federal and state with my small business income, compared to the $120+ I was paying with TurboTax after all their add-ons. What I liked most was their "second look" review feature where a tax professional actually reviews your return before filing. It caught a deduction I had missed for my home office expenses. The interface was pretty intuitive too, though not quite as polished as TurboTax. They do have some upsells, but they're much less aggressive about it than TurboTax. You can easily decline the extras without feeling like you're missing something critical. The import features worked well for my bank statements and investment documents too.

I'm experiencing the exact same frustrating situation! Filed our first joint return on February 12th after getting married in November, and just received my second 60-day letter yesterday. Like everyone else here, I can access all our transcripts and everything appears completely normal - all W-2s, 1099s, and withholdings are showing up correctly. What's particularly annoying is that the second letter uses almost identical language to the first one about "waiting for tax information to be available in our system." If the information is already available (which it clearly is since we can all see it), why does it take them 4+ months to verify what should be a straightforward process? I'm starting to think there's a specific verification queue for newly married couples filing jointly, and they're just massively backlogged. The timing patterns everyone is describing are too consistent to be random - first letter around 3 weeks, second letter around 8-9 weeks later. Has anyone tried contacting their Congressional representative's office? I've heard they sometimes have dedicated liaisons who can expedite IRS issues, especially when taxpayers are experiencing unreasonable delays without clear explanations.

I'm in exactly the same boat as many of you here! Filed jointly for the first time after getting married in October, submitted our return on February 5th, and just got my second 60-day letter this week. The timing is almost spooky how similar it is to everyone else's experiences. What really caught my attention reading through all these comments is how we're ALL newly married couples filing jointly for the first time, and we're ALL getting the same vague "waiting for tax information" language despite being able to see everything perfectly fine on our transcripts. This can't be a coincidence. I think there's definitely a systematic issue with how the IRS processes first-time joint returns from previously separate filers. It's like their verification system flags the change in filing status and then gets stuck in some kind of bureaucratic loop. The Congressional representative suggestion from @Cedric Chung is really smart - I'm going to try that next week. At this point, we've all been patient enough with their internal processes. When multiple taxpayers are experiencing identical delays with identical explanations (or lack thereof), it starts to look like a systematic failure that needs external pressure to resolve. Has anyone tried reaching out to local tax preparation services to see if they're hearing similar complaints from other clients? It might help us understand just how widespread this issue really is.