I completed my ID.me verification about 10 days ago and I'm still waiting for any updates. Reading through everyone's experiences here is really helpful - it sounds like I'm still within the normal timeframe. I'm going to check my transcript like several people suggested since the WMR tool hasn't been very informative. It's reassuring to hear that most people are getting their refunds within 3-4 weeks now compared to the horror stories from previous years. Thanks for sharing your timelines, it really helps with the anxiety of not knowing what's happening!

I'm currently in week 2 of waiting after completing my ID.me verification on February 20th. Reading everyone's experiences here gives me hope that I should see my refund soon! I've been checking my transcript daily like many of you suggested, and I can see the TC 971 code with Action Code 111, so I know the verification went through successfully. The hardest part is just the uncertainty - my return was pretty straightforward with no credits or complications, so I'm hoping that helps speed things along. Has anyone noticed if simple returns tend to process faster after verification compared to more complex ones? Thanks for all the helpful insights in this thread!

11 Has anyone used TurboTax to report scholarship income? Do they have a specific section for this or is it just entered as "other income"? I'm trying to fix my return before I get one of these letters.

This is such a frustrating situation, but you're definitely not alone! I went through something similar a couple years ago and learned the hard way about scholarship taxation rules. One thing that might help is to gather all your documentation (1098-T, financial aid award letters, receipts for books/supplies) and create a detailed breakdown showing exactly what your qualified vs non-qualified expenses were. Sometimes the IRS makes errors in their calculations too - they might be treating ALL your scholarship money as taxable when only a portion actually is. Also, don't panic about the $8,200 bill. Even if you do owe some amount, the IRS offers payment plans and you might qualify for penalty relief if this is your first offense. Call them (or use one of those callback services others mentioned) to discuss your options. Many students genuinely don't know about these rules, so they're usually willing to work with you on payment arrangements. The key is responding to their letter within the timeframe they give you - don't ignore it hoping it goes away!

Just a heads up that you should check your state tax requirements specifically. In many states, the SMLLC may still need to file its own annual report or pay its own franchise/entity tax even though it's disregarded for federal purposes. I learned this the hard way when my SMLLC (owned by my partnership) got hit with penalties in California because I thought "disregarded" meant disregarded for all tax purposes. Turns out California still required a separate LLC fee!

This is exactly the kind of confusion that trips up so many business owners! You're absolutely right that the SMLLC should be treated as a disregarded entity when owned 100% by your multi-member LLC. One thing I'd add to the excellent advice already given: make sure you're consistently applying this treatment across all your tax forms. If your multi-member LLC has other tax obligations (like employment taxes, excise taxes, etc.), the SMLLC's activities should be reported under the parent LLC's EIN for those purposes too. Also, even though you don't report the SMLLC on Schedule B Question 3B, you might want to attach a brief statement to your 1065 explaining that you have a wholly-owned SMLLC that's being treated as a disregarded entity. This isn't required, but it can help avoid any confusion if the IRS sees the SMLLC's EIN referenced elsewhere (like on bank statements or contracts) during an audit. The key is consistency - treat it as part of your multi-member LLC for ALL federal tax purposes, not just income tax reporting.

Check if you claimed EIC or child tax credit. Those usually trigger 507 codes for verification. Also peep your wage and income transcript to make sure everything matches up with what you filed.

Code 507 is definitely income verification review. Had the same thing happen to me last year - took about 10 weeks but got my full refund plus interest. The IRS is just making sure your W-2s and 1099s match what you reported. Don't stress too much, just be patient and avoid calling unless you get a CP notice asking for documents. Most of these resolve automatically once their systems finish cross-checking everything.

I've seen people try this S corp/partnership arrangement and it usually doesn't end well. The IRS tends to look at the substance over form. Since you already own 100% of the S corp, and would own some percentage of the partnership, they might view it as a circular arrangement without real economic substance. If you're looking for income splitting, have you considered bringing in family members as legitimate minority shareholders in your S corp? That can be a cleaner way to distribute income if done properly.

I think a better solution might be a "brother-sister" corporate structure where you create a second, separate entity rather than a partnership between yourself and your S corp. My accountant set this up for me last year - I have an S corp for my consulting business, then a separate LLC taxed as a partnership that handles all our intellectual property and equipment. The S corp pays the LLC licensing fees, which helps optimize our total tax situation.