Anybody know if there are penalties for filing Form 5500-EZ late? If the IRS is delaying releasing the forms, will they extend the deadline?

I've been in the same boat waiting for the 2023 Form 5500-EZ! Based on what others have shared here, it sounds like we have a few solid options while we wait for the paper form to be released by the end of February. I'm leaning toward trying the electronic filing route since it's already available and seems more reliable than waiting. The EFAST2 system being free (even if a bit clunky) is appealing, though I might also look into taxr.ai based on the positive reviews here - especially if it can catch errors and handle the submission process smoothly. For anyone else still waiting, it's good to know we're not alone in this frustration. The IRS really seems to be running behind schedule this year on multiple forms. At least we have until July 31st to get everything filed, so there's still plenty of time even with the delays. Thanks everyone for sharing your experiences and solutions!

same boat, different day 🚣‍♀️ fingers crossed for all of us

This is definitely a positive sign! When Topic 152 replaces 151, it usually means your return is moving from review status back into normal processing. The question mark appearing by your refund amount is actually a good indicator - it often shows up right before they finalize the release. Since you spoke with an examiner who confirmed they'd release the hold, and this change happened right after, I'd say you're probably looking at getting your refund within the next 1-2 weeks. The timing lines up perfectly. Keep checking your transcript on Fridays (sounds like that's when yours typically updates) and you should see a deposit date appear soon. Hang in there - you're almost at the finish line! 🤞

One thing to consider that nobody's mentioned is that some states have matching grant programs for 529 contributions if you're a resident and below certain income thresholds. For example, Arkansas and Colorado have programs where they'll match some of your contribution. If either of your states offers this, you might want to prioritize that state's plan at least for the amount that gets matched. Free money trumps tax deductions!

Has anyone used the "my529" plan from Utah? I'm in a multi-state situation too (Utah and Idaho) and I've heard Utah's plan has good investment options even for non-residents. Trying to decide if I should put money in both states' plans or just use Utah's for everything.

Just a heads-up that the 3-year limit for amending 2020 returns is coming up soon if you filed on the regular deadline in 2021. If you're gonna file an amendment, don't wait too much longer!

I was in almost the exact same boat last year with a forgotten 1099-NEC from 2019. I kept putting off dealing with it because I was scared of what might happen, but honestly it turned out to be much less scary than I thought. I ended up filing the amended return (1040-X) myself using the IRS Free File software, and it was actually pretty straightforward. The additional tax I owed was only about $85, plus maybe $15 in interest. No major penalties since it was clearly an honest mistake and the amount was small. The hardest part was just getting over the anxiety of dealing with it. Once I actually sat down and did the paperwork, it took maybe an hour total. Filed it electronically and got confirmation that it was processed about 6 weeks later. My advice would be to just bite the bullet and file the amendment sooner rather than later. The peace of mind is worth it, and you'll probably find the actual financial impact is much smaller than you're imagining.

OK but a serious question - does this classification actually matter that much tax-wise? I've been both a W2 employee and a 1099 contractor and yeah I pay more in taxes as 1099 but I can also deduct a ton of stuff like my home office, equipment, etc. Sometimes I actually come out ahead as a 1099.

This is a classic case of employee misclassification, and you're absolutely right to be concerned. The IRS uses a three-factor test to determine worker classification: behavioral control, financial control, and relationship type. Based on your description, you clearly fall into the employee category. Key red flags in your situation: - They control your schedule and hours (behavioral control) - You filled out a W-4 instead of a W-9 (indicates employee relationship) - They're now withholding taxes while still calling you "1099" (major inconsistency) - You're not operating as an independent business The "fully onboarded" excuse is complete nonsense - there's no legal provision for temporary misclassification based on administrative convenience. Your employment status should be determined by the actual work relationship from day one. I'd recommend taking immediate action: 1. File Form SS-8 with the IRS to request an official determination of your worker status 2. Keep detailed records of all communications and pay stubs 3. Contact your state labor department about the overtime pay you're owed 4. Consider filing Form 8919 to recover excess self-employment taxes you may have paid Don't let them string you along with vague promises about future "onboarding." You deserve proper classification and all the protections that come with employee status right now.