Depends on if you got any 'special' codes. Mine got the infamous 570 and now im stuck in verification hell

Been in the same boat! Filed 2 weeks ago and just got my first transcript update yesterday. Like others said, Friday mornings seem to be when most updates happen. Don't stress too much about checking daily - the IRS moves at their own pace regardless of how often we refresh that page 😅

The verification of non-filing letter is totally normal for recent filers! I had the same panic when I filed early last year - acceptance doesn't mean processed. The IRS basically sends you this letter as a placeholder until they finish working through your return. Once they complete processing, it'll switch to showing your actual return transcript. Just keep checking weekly, and don't worry about the "no record" language - it's just their standard wording for returns still in the queue.

Same situation here! Filed on 2/6 and seeing the exact same non-filing letter. Was starting to wonder if something went wrong with my e-file but sounds like this is just standard procedure. The IRS really needs to update their wording though - saying "no record of processed return" when they actually DO have your return but just haven't finished processing it is super confusing for us taxpayers. At least now I know to stop obsessively checking every day and just wait it out 😅

Has anyone checked the IRS2Go app to see if it shows different information than the website? According to https://www.irs.gov/refunds, the app sometimes updates before the website. Also, are you checking your transcript or just WMR? I'm finding conflicting information online about which cycle codes update on which days this year.

I feel your frustration! I went through the exact same thing when my cycle code switched from 05 to 01. The waiting game is brutal when you see others getting updates and you're just sitting there hitting refresh. From my experience with cycle 01, your transcript should update tomorrow (Tuesday) morning around 6-7 AM EST. The key difference is that cycle 01 processes Monday nights instead of Friday nights like cycle 05. So while your 05 friends got their updates this past Saturday, you're on the Tuesday schedule now. Filed 2/17 and accepted 2/19 puts you right in the normal processing window - you're actually ahead of schedule compared to the typical 21-day timeframe. I know it doesn't make the wait any less annoying though! Try checking your transcript early tomorrow morning before you check WMR, as transcripts usually update first. Hang in there - being cycle 01 actually tends to be faster overall once you get used to the Tuesday update schedule! 🤞

I'm going through almost the exact same situation right now! I'm a dental hygienist who did fill-in work for about 6 months last year and just got hit with a massive tax bill that I wasn't expecting at all. Reading through all these responses has been incredibly helpful - especially learning about the self-employment tax being 15.3% on top of regular income tax. No wonder my bill was so high! I had no idea I'd be responsible for both the employer AND employee portions of Social Security and Medicare taxes. I'm definitely going to go back through my records and look for all those business expenses everyone mentioned. I bought several sets of scrubs, renewed my license, paid for continuing education, and drove to 4 different offices throughout the year. I kept most of my receipts but never thought to track mileage - lesson learned for next time! For anyone else in this boat, it sounds like the key is being really thorough about documenting legitimate business expenses on Schedule C. Even though the tax bill is still going to be substantial, every deduction helps reduce that painful self-employment tax calculation.

As someone who just went through this exact situation as a dental hygienist doing fill-in work, I completely understand your shock! The $2,000 tax bill hit me like a truck too when I first saw it. The key thing to understand is that your $9,200 from dental work isn't just subject to regular income tax - it also gets hit with self-employment tax of about 15.3% (Social Security and Medicare taxes that normally get split between you and an employer). On $9,200, that's roughly $1,300 in self-employment tax alone, plus whatever income tax applies. You definitely need to file Schedule C since you received a 1099-MISC. But here's the good news - you can reduce your tax burden by claiming legitimate business expenses. Things like: - Scrubs and uniforms (if they're specialized for dental work) - License renewal fees - Continuing education required for your license - Professional liability insurance - Mileage between different offices (not your regular commute) - Any dental tools or supplies you purchased Start gathering receipts and calculating your business mileage. Even if you don't have perfect records, you can reconstruct reasonable estimates based on your work schedule. Every deduction reduces both your income tax AND self-employment tax, so it's worth being thorough. The tax software is probably calculating correctly - it's just that nobody warned us about how self-employment taxes work! Set aside about 25-30% of any future 1099 income for taxes to avoid this surprise next year.

Warning from someone who made an expensive mistake: Be careful about rushing into an LLC with S-Corp election just for tax savings! I did this in 2022 without really understanding all the requirements. Yes, I saved about $8k in self-employment taxes, but then got audited because my "reasonable salary" was too low compared to my distributions. Ended up owing back taxes PLUS penalties. The IRS is watching this area closely. The rule is that your salary must be "reasonable" for your industry and the work you do. You can't just pay yourself $30k and take $200k in distributions if comparable positions would pay $120k. Also, the administrative hassle is real. Quarterly payroll filings, extra tax forms, higher accountant fees, etc. For me it added about $3,200 in extra costs annually.

This thread has been incredibly helpful! I've been running a freelance graphic design business as a sole proprietorship for 3 years now and had no idea about these different tax structures. Reading through everyone's experiences, it sounds like the S-Corp election could potentially save me money, but I'm nervous about the "reasonable salary" requirement that @Mateo Perez mentioned. My income fluctuates a lot - some months I make $15K, others I barely break $3K. For those who have made the S-Corp election, how do you handle the salary requirement when your income isn't consistent? Do you have to pay yourself the same amount every month even if the business didn't earn that much? And what happens if you guess wrong on what's "reasonable" - is there a safe harbor rule or something? Also wondering if anyone has experience with creative businesses specifically. I'm not sure what comparable salaries would be for someone doing logo design, web design, and brand identity work.