Ughhh I'm still waiting for mine and it's February 12th! This is sooo annoying because my tax guy needs all my docs by the 20th or he won't guarantee filing before April. Anyone else in the same boat? I had like 200+ trades last year so maybe that's why?

Still waiting on mine too! I've been checking the app every day like it's going to magically appear. I did a mix of stocks and crypto trades throughout 2024, probably around 150 transactions total. It's so frustrating because I usually file my taxes in early February to get my refund ASAP, but this year I'm stuck waiting on Robinhood. Has anyone tried downloading their transaction history and just calculating everything manually? I'm tempted to do that rather than wait until the 15th, but I'm worried I'll mess something up with the cost basis calculations or miss some dividend that got reinvested automatically.

Has anyone tried the IRS Business Services Online (BSO) portal? Their website says small businesses can file up to 25 1099s for free directly through that system. Seems like it might be the most straightforward option if you only have a few contractors.

I was in the exact same situation last year with my small consulting business - needed to file 1099-NECs for just 4 contractors and was completely overwhelmed by all the red ink requirements and disclaimers. After reading through all these suggestions, I ended up using the IRS Business Services Online portal that Omar mentioned, and despite Chloe's warning about the interface, it actually worked fine for me. Yes, the BSO interface is a bit clunky and you do have to enter everything manually, but for just a few contractors it's really not that bad. The key is having all your contractor information organized beforehand - their W-9 forms with SSNs/EINs, addresses, and total payments. I made sure to double-check everything before submitting because correcting errors later is indeed a pain. The whole process took me about 45 minutes for 4 forms, and it's completely free. You get immediate confirmation when the forms are accepted, which gave me peace of mind that I met the deadline. For anyone with just a handful of contractors, I'd recommend trying the BSO first before paying for a service - you can always fall back on the paid options if you run into issues.

Just curious - did either of you have any major tax changes from the previous year? Like buying a house, having a child, changing filing status, etc.? I got hit with a big tax bill the year after we bought our house because I didn't adjust my withholding to account for no longer taking the standard deduction.

I'm a tax professional and I see this scenario regularly - unfortunately, you're dealing with a perfect storm of issues. The 1.5-2% withholding rate is drastically wrong for someone earning $38k, even if filing married jointly. Here's what likely happened: Your husband's employer is probably still using his old W-4 from before 2020, and their payroll system may not be properly handling the transition to the new withholding calculations. Many employers defaulted to minimal withholding when they couldn't properly interpret old forms. For immediate action: 1) Have your husband complete a NEW 2023 W-4 immediately and submit it to payroll with a written request to confirm the change, 2) Request in writing that payroll explain their current withholding calculation and provide the tax tables they're using, 3) Document everything for your penalty abatement request. The $4,100 liability sounds about right unfortunately - with your combined $100k income filing jointly, his severe underwithholding would create exactly this kind of shortfall. The good news is you have a strong case for penalty relief since this appears to be employer error despite correct employee information. Also consider making estimated tax payments for 2024 while you get his withholding fixed to avoid repeating this situation.

This thread has been absolutely fantastic for understanding shipping deductions! I've been selling vintage books and collectibles for about a year now, but I've been treating it pretty casually until the 1099-K changes made me realize I need to get serious about tracking everything. One specific scenario I'm dealing with - I often sell book lots where I combine multiple items into one shipment, but sometimes the combined weight pushes me into a higher shipping tier than I originally quoted. For example, I might quote $8 for shipping three books separately, but when packed together they end up costing $12 to ship due to weight limits. Can I deduct the full $12 even though I only collected $8 from the buyer? Also, I've been using a lot of recycled packaging materials (boxes from my own Amazon orders, bubble wrap from things I've received, etc.) to keep costs down. Obviously I can't deduct these since I didn't pay for them, but what about when I need to buy additional tape or labels to make the recycled materials work properly? The discussion about tools like taxr.ai and Claimyr has been really eye-opening. As someone who's been dreading the tax implications of the new reporting thresholds, it's reassuring to know there are resources available to help navigate this stuff without needing to become a tax expert overnight!

This has been such a comprehensive discussion! I've been selling handmade ceramics and pottery online for about 10 months now, and I honestly had no idea I was missing so many deductible expenses until reading through everyone's experiences here. One situation I deal with regularly that I haven't seen mentioned - what about when you have to ship fragile items that require extra protective packaging? I often spend $3-5 extra per shipment on specialized foam padding, extra bubble wrap, and "Fragile" stickers to make sure my pottery arrives intact. These costs can really add up, especially since I sometimes need to double-box items. I assume all of this extra protective packaging is deductible as shipping expenses? Also, I've been wondering about shipping to Alaska and Hawaii - the costs are significantly higher than continental US shipping, sometimes $20-25 for what would normally be a $8 shipment. These are still legitimate shipping expenses that I can deduct at the full amount, right? The information about taxr.ai and Claimyr has been really valuable. As someone who's been putting off getting organized for taxes, knowing there are tools and services available to help makes this feel so much less overwhelming. Thanks to everyone who's shared their real-world experiences - this community is incredibly helpful for navigating these new reporting requirements!

I'm really sorry you're dealing with this stress - CP22A notices can be overwhelming, especially when the amount increases! Based on what others have shared here, it sounds like the IRS found additional issues during their review of your amendment, which is unfortunately common. From reading through these experiences, it seems like the most important first step is understanding exactly WHY they increased the amount. The notice itself might be vague, but you have a few options to get clarity: 1) Call the IRS directly using the number on your notice - multiple people here mentioned this was crucial for getting specific explanations 2) Request your account transcript online at irs.gov to see line-by-line what they changed 3) Several folks mentioned using taxr.ai to analyze the notice and identify specific issues The key thing is don't wait too long - you typically have 30 days to respond, and interest keeps accumulating regardless. Many people here were able to reduce their amounts significantly once they understood what documentation the IRS was looking for. Also consider reaching out to the Taxpayer Advocate Service if you're facing financial hardship or have been trying to resolve this for a while without success. They're an independent organization that can help navigate these situations. You've got options here - this isn't the end of the road! Take a deep breath and focus on understanding what specific changes they made first.

I completely understand your stress about the CP22A notice - it's one of the more confusing IRS notices to receive, especially when the amount goes UP instead of down after your amendment! A CP22A essentially means the IRS reviewed your amendment but made additional changes beyond what you originally disputed. The increased amount typically happens because they either rejected some of your amendment claims AND found other issues during their review process. Here's what I'd recommend as your immediate next steps: 1) **Get your account transcript ASAP** - Log into irs.gov and pull your account transcript for that tax year. This will show you line-by-line exactly what changes they made to your return. 2) **Call the IRS within a few days** - Use the phone number on your CP22A notice. Yes, the wait times can be brutal, but you need to understand specifically WHY they increased the amount. Don't guess - get the exact reasons from an agent who can see your account notes. 3) **Gather your documentation** - Once you understand their reasoning, collect all supporting documents for the items they're disputing. This might include receipts, forms, or calculations they didn't accept from your amendment. 4) **Know your timeline** - You typically have 30 days from the notice date to formally respond or request an appeal. Interest continues to accrue during this time, so don't delay. The good news is this is absolutely disputable if you have proper documentation. Many people successfully reduce these amounts once they understand what specific evidence the IRS needs to verify their claims. Don't panic - focus on understanding the specifics first, then you can decide whether to appeal, provide additional documentation, or work out a payment arrangement.