


Ask the community...
Learned this the hard way last year! Had my business paying half my rent since I use half my apartment for work and my tax guy told me I was committing a major error by paying from company debit card. Had to refile and it was a mess.
Great question! As someone who's been through this exact situation, I can confirm what others have said - definitely pay your rent from your personal account, not your business account. The IRS is very strict about maintaining separation between personal and business expenses for S-corps. Since you mentioned you work from home about 30% of the time but don't have a dedicated office space, you unfortunately wouldn't qualify for the home office deduction. The IRS requires "exclusive and regular use" of a specific area for business purposes. Your dining room table that's also used for meals wouldn't meet this test. However, if you ever do set up a dedicated home office space in the future, the proper way to handle it would be to pay the full rent from your personal account, then have your S-corp reimburse you for the business percentage based on square footage. This keeps everything clean and properly documented. Keep that corporate veil intact - mixing personal and business expenses is one of the fastest ways to get in trouble with the IRS!
My firm uses ProSystem fx Tax and it's been decent for multi-entity work. Not perfect but gets the job done. The K1 import/export feature alone has saved us hundreds of hours.
I second ProSystem fx. It's solid for multi-entity work, though the interface feels a bit outdated compared to some newer options. But reliability matters more than looks when you're dealing with complex returns.
Just wanted to chime in here as someone who's been through this exact nightmare! We had 12 entities last year and I was literally losing sleep during tax season trying to keep everything straight. I ended up going with Thomson Reuters UltraTax CS and it's been a lifesaver. The entity management dashboard is incredible - you can see the status of all related returns at a glance and it flags any missing information or inconsistencies between entities. The K-1 flow-through functionality is seamless, and when you update source data, it automatically updates all dependent returns. One thing I don't see mentioned much is their client organizer feature - it sends customized requests to each entity based on their specific needs, which cuts down on the back-and-forth emails trying to get missing documents. For our real estate clients especially, this has been huge. The learning curve isn't too bad if you're already familiar with tax software, and their support team actually knows what they're talking about when you call with multi-entity questions. Worth every penny for the sanity it's given me back!
Based on what I've observed with approximately 12-15 similar cases in our tax community, the timeline might possibly be somewhat accurate, depending on several potential factors. Most identity verification cases seem to follow a pattern of roughly 14-21 days post-verification, but amended returns could potentially add another 1-2 weeks to that timeline. You might want to mark March 27th on your calendar as a more realistic target date, just to be safe. If you're counting on these funds for something time-sensitive, perhaps consider alternative arrangements.
I went through ID verification with a tax advocate back in November, and honestly, their timeline estimates can be all over the place. In my case, they said 2-3 weeks and it ended up being exactly 19 days from when my advocate submitted everything. The key thing that helped me was getting the advocate to give me a specific case number and having them note in my file that they personally handled the verification submission. One thing to watch out for - make sure your advocate actually submitted everything properly. I had to follow up because my first advocate said they submitted it but nothing showed up in the system for a week. Once it was actually in there, the process moved pretty smoothly. Keep checking your transcript like others mentioned, and don't be afraid to call your advocate directly if March 20th comes and goes without any movement. They have more pull than the regular customer service reps. Good luck! The waiting game with the IRS is absolutely brutal, but you're in the home stretch now.
Did you check your transcript for a TC 846 code with the 03/05 date? Sometimes people confuse the cycle date with the actual DDD. Make sure you're looking at the right code!
Yep, definitely have the TC 846 code with 03/05 date! I double checked everything. Just wasn't sure if the Venmo early deposit feature would still apply since I did take a small advance when filing. But based on what people are saying here, sounds like I should see it Monday or possibly even earlier!
Just adding that you can also check your tax transcript for any codes in the 570/971 series - if you see those without a subsequent 846, there might be a review happening. But since OP already has the 846 with a DDD, they should be good to go!
Just wanted to follow up on this thread since I was in a very similar situation last month. I had a DDD of 02/18 with Venmo and was wondering about the early deposit timing too. My refund actually hit my Venmo account on 02/16 (2 days early), which seems to be pretty consistent with what others are reporting here. The key thing I learned is that Venmo's early deposit feature does work for tax refunds, but it's typically 1-2 business days early rather than the full 5 days you might see advertised for regular paychecks. One tip - make sure you have push notifications turned on in your Venmo app. My refund actually posted around 3 AM on that Friday morning, so I woke up to the notification which was a nice surprise! Given your DDD of 03/05 and the fact that you only took a partial advance, I'd expect to see your remaining refund amount in your Venmo account either Monday 03/03 or possibly even Friday 02/28 if the IRS releases it early like some others mentioned.
Thanks for sharing your experience! That's really helpful to know about the 3 AM timing. I've been checking my account obsessively during business hours but never thought to check early morning. Quick question - did you also take a partial advance like I did? I'm curious if that affected your timing at all or if you still got the full 2-day early deposit. Based on what everyone's saying here, I'm cautiously optimistic I'll see mine Monday, but now I'm wondering if I should check Friday night/Saturday morning too just in case!
Sophia Carter
This is such a relief to read! I'm dealing with the exact same thing right now - my refund hit my account yesterday but WMR still shows "processing" and I was starting to panic that something was wrong. Reading everyone's experiences here shows this is way more common than I thought. It's honestly pretty frustrating that the IRS systems are so disconnected from each other, especially when you're trying to plan your finances around that money. Thanks for posting this question - you definitely aren't alone in this confusing situation!
0 coins
Mei Chen
ā¢I'm so glad this thread exists too! I was literally losing sleep over this exact scenario last week. It's wild how the IRS can move millions of dollars but can't get their own tracking systems to talk to each other properly. The fact that so many people are experiencing this same disconnect really shows there's a systemic issue with how their different departments coordinate. At least now I know for next year to just check my bank account and not stress about WMR lagging behind!
0 coins
GalacticGuardian
This is reassuring to hear from so many people! I'm in the exact same boat - got my refund deposited to my account two days ago but WMR is still stuck on "processing" and showing no updates. I was starting to worry there was some kind of error or that the deposit might get reversed. It's honestly pretty ridiculous that in 2025 the IRS still can't get their various systems to sync up properly. You'd think with all the technology available, they could at least make sure their tracking tools reflect what's actually happening with our money. Thanks for posting this - knowing it's a common issue definitely helps with the anxiety!
0 coins