Wait ur telling me ID.me verification doesnt even matter? what was the point then smh

Been there! The frustrating part is that ID.me and TPP are completely separate systems that don't talk to each other. ID.me is for accessing your online IRS account, while TPP verification is specifically for flagged tax returns. When you call 800-830-5084 with your control number 70221424664353, they'll likely ask you questions about prior year tax info, personal details, and specifics from your 2022 return. Make sure you have your 2021 return handy and any documents related to your 2022 filing. The good news is once you complete this verification, your 2022 return should finally process and you'll see movement on your transcript. Just another hoop to jump through in the wonderful world of IRS bureaucracy! 🤷‍♂️

Just want to add another data point - I'm a physician with a similar setup (S Corp, contracted with one hospital system), and I pay $400 quarterly for filing + $1200 annually for my business return. Total yearly accounting costs around $2800. My CPA handles all quarterly estimated tax payments, payroll, reasonable compensation documentation, retirement account coordination, and gives me quarterly planning meetings. That $1650 quarterly fee you're paying would be $6600 annually JUST for quarterly filings, not including your annual returns!

That pricing is absolutely excessive for your situation. I'm a tax preparer who works with several single-member S Corps in healthcare, and your CPA is charging you about 4x what's reasonable. For a straightforward S Corp like yours - one income source, no employees, minimal complexity - quarterly filings should take 30-45 minutes max once everything is set up. Even at $275/hour, that's $125-200 per quarter, not $1650. The fact that they're quoting the same fee for future quarters (when there's no setup work) is a red flag. A reputable CPA would explain that first-quarter costs are higher due to initial setup and client onboarding, with subsequent quarters being significantly less. I'd strongly recommend getting quotes from other CPAs who specialize in small professional service businesses. Many offer flat-fee packages for simple S Corps that would save you thousands annually. Don't let them take advantage of you being new to business ownership.

Your filing date matters too. When did you submit? If it was after Feb 1st its gonna take a min to show up in the system

Don't panic! What you're seeing is completely normal for early filers. The "RETURN NOT PRESENT FOR THIS ACCOUNT" message along with all the blank fields just means your return is still being processed by the IRS. The 4464C letter is actually a good sign - it means they have your return and are actively working on it. I had the exact same situation last year. Filed in early February, got the 4464C letter, and my transcript looked identical to yours for about 3 weeks. Then suddenly all the codes appeared and my refund was issued within a few days after that. The key thing is that your transcript shows your filing status (Head of Household) which proves the IRS has received your return. Just be patient - you should see transaction codes like 150 (return filed) and 846 (refund issued) appear in the next couple weeks. Check back every Friday morning when transcripts typically update.

Hey Connor, I totally understand the stress you're going through - been there myself. WMR can update on weekends, but it's inconsistent. From what I've observed, when weekend updates do happen, they're usually early morning (around 3-6am EST). However, don't rely solely on WMR - it's notoriously unreliable this season. Here's what I'd suggest: 1) Check your tax transcript online instead - it updates more frequently than WMR, 2) Call the Taxpayer Advocate Service at 1-877-777-4778 with your eviction notice - they handle hardship cases and can sometimes expedite refunds, 3) Keep documenting everything with your landlord for your records. I know the waiting is brutal when your housing is at stake. Try to check transcripts rather than burning yourself out refreshing WMR every few hours. Sending positive thoughts your way! 🙏

I feel for you Connor - the anxiety of waiting for a refund when facing eviction is absolutely overwhelming. From my experience, WMR does update on weekends but it's pretty sporadic. I've seen updates happen anywhere from Friday night to Sunday evening, but the most common time seems to be early Saturday morning around 4-5am EST. That said, don't drive yourself crazy checking every few hours - I made that mistake and it just added to my stress. The transcript method others mentioned is definitely more reliable. You can access it at irs.gov/individuals/get-transcript and it usually shows movement before WMR does. Given your urgent situation with the eviction notice, definitely contact the Taxpayer Advocate Service ASAP. They specifically help taxpayers facing economic hardship and can sometimes push your refund through faster. Have that eviction notice ready as proof of hardship. Also, keep doing those DoorDash shifts if you can - every bit helps and shows good faith effort to your landlord. Document all your attempts to pay rent and communicate with your landlord in writing. This creates a paper trail that could be helpful later. Hang in there - I know it's terrifying but you're taking all the right steps. Many of us have been in similar spots and made it through. 💪

I just want to point out that depending on what state you're in, you might face significant transfer taxes even if you avoid federal income tax. When we transferred property between related LLCs in Pennsylvania, we were hit with a surprise 2% transfer tax even though it was essentially the same ownership. Some states have exemptions for related entity transfers, but many don't. Worth checking your state's specific rules before proceeding.

One thing I haven't seen mentioned yet is the potential impact on depreciation recapture. Since you mentioned the property has appreciated from $675k to $950k over 6 years, you've likely been taking depreciation deductions on the commercial building. Even if the transfer itself qualifies as a non-taxable event under Section 721, you need to consider what happens to the depreciation basis. The receiving LLC will generally take a carryover basis, which means any future sale could trigger depreciation recapture at ordinary income rates (up to 25% for real estate). Also, make sure you're aware of the "hot asset" rules under Section 751. Commercial real estate can sometimes have components (like personal property fixtures) that are treated differently for partnership tax purposes. Given the complexity with the debt, different ownership percentages, and potential state transfer taxes others have mentioned, I'd strongly recommend getting a written tax opinion from a qualified professional before proceeding. The cost of the opinion will be minimal compared to the potential tax consequences of getting this wrong.