check your mail! sometimes when wmr changes like that it means they sent you a letter asking for more information. if you don't respond to those letters your refund just sits in limbo forever

I went through the exact same thing last month! The WMR progress bars disappeared and it just showed "processing" for about 3 weeks. That 570 code on your transcript is definitely what's causing it - it puts your return into manual review which takes it out of the automated system that feeds WMR. In my case, it was EIC verification since I also had a substantial EIC like you do ($4,446 is pretty significant). They were just making sure all my income and dependent info matched up. The good news is that once they complete the review, you'll see a 571 code (which releases the hold) followed by an 846 code with your actual refund date. Mine took exactly 21 days from the 570 date to get resolved. Keep checking your transcript every few days - that's way more reliable than WMR right now. And don't worry too much, the vast majority of these holds get resolved without you having to do anything. Hang in there!

Does anyone know if there's a minimum salary requirement for S Corps? My CPA told me I need to pay myself at least $40k, but a buddy with an S Corp says he only pays himself $30k on $90k of revenue. I'm confused by all the different advice.

This is such a common struggle for new S Corp owners! I went through the exact same thing when I converted my consulting business two years ago. Based on my research and discussions with my CPA, here's what I learned: The IRS doesn't have a magic formula, but they do look at several factors - what you'd pay someone else to do your work, your geographic location, your experience level, and the time you spend on the business. For a web developer in the Midwest making $120k net profit, I'd lean toward the higher end of reasonable compensation - probably around $70-80k salary. Since you're doing ALL the work (coding, design, client meetings), you can't really argue that a significant portion of the profit comes from business assets or other employees. One thing that helped me was looking at actual job postings for senior web developers in my area and calculating what a full-time equivalent would make, then adjusting slightly for the entrepreneurial risk/reward factor. I kept screenshots of those job postings as documentation. Also, don't forget that paying yourself a higher salary isn't necessarily "bad" from a tax perspective - yes, you'll pay more in employment taxes, but you'll also build up more Social Security credits and potentially qualify for higher unemployment benefits if needed. The key is finding the sweet spot that's defensible to the IRS while still providing S Corp tax benefits.

did you check if you have any freezes or holds? sometimes they dont show up obvious on the transcript but theyre there

A negative balance definitely means the IRS owes you money! With your tax liability at $0 and that negative balance, you likely received refundable credits like the Child Tax Credit or Earned Income Credit that created the overpayment. The delay could be due to identity verification, income verification, or just processing backlogs. I'd recommend calling the IRS refund hotline at 1-800-829-1954 to check if there are any issues holding up your refund. You can also try calling early morning (7-8am) for better chances of getting through!

Anyone know if it makes a difference whether you set up the campaign for yourself vs for someone else? Like if I create it for my brother but use my account, does that make me responsible for taxes?

Great question! I went through something similar when helping my neighbor after a house fire. The key thing to remember is that donations for personal hardships like legal fees are generally treated as gifts, not taxable income to the recipient. However, there are a few important considerations: First, keep detailed records of all donations and how the money is used - this documentation will be crucial if there are ever any questions. Second, be very clear in your campaign description that the funds are for personal legal expenses, not for any business purpose or in exchange for goods/services. Regarding who sets it up - it doesn't fundamentally change the tax treatment, but having your cousin create it directly might be simpler administratively. If you set it up and the money flows through your account first, you'll technically be making a gift to him when you transfer the funds (though this usually doesn't create tax issues either). One heads up: if the campaign raises over certain thresholds (typically $20,000+ with 200+ transactions), the platform may issue a 1099-K form. Don't panic if this happens - it doesn't automatically make the money taxable. You just need to properly document on the tax return that these were non-taxable gifts for personal expenses. Consider consulting with a tax professional if you end up raising a substantial amount, just to make sure everything is handled correctly.

Don't forget about state-level considerations! Your Delaware LLC may be federally disregarded, but Delaware still requires annual reports and franchise tax payments regardless of your investment activities. Also, depending on how much passive income your LLC generates from investments, you might trigger economic nexus in other states if the stocks/bonds are from companies based there. Some states have started to get aggressive about claiming tax jurisdiction based on investment income sourced to their state. Make sure you keep your registered agent in Delaware current too - if you miss service of process notices, you could face default judgments.

One thing nobody's mentioned - watch out for FDII (Foreign-Derived Intangible Income) calculations if your software business starts generating significant income. The presence of investment assets on your books can affect the deemed tangible asset calculations that go into FDII deductions if you later elect to be treated as a corporation. Also, make sure your operating agreement clearly separates business activities from investment activities. This becomes important if the IRS ever questions whether your passive investments are actually part of your active business model.