Just used taxr.ai for mine and it was spot on about my refund date. Worth every penny tbh

Code 291 is actually great news for you! It means the IRS has completely reversed your original tax liability of $7,812. This typically happens when an amended return is processed and they determine you didn't actually owe that tax in the first place. Your negative balance of $5,695 does indeed mean you have a refund coming. Here's the breakdown: - Original tax owed: $7,812 - Credits applied: $5,695 (EIC + other credits + withholding) - After code 291 reversal: $0 tax owed - Refund due: $5,695 The refund freeze from 2023 appears to be cleared since there's recent activity. You should see your refund within 2-4 weeks of the November 4th adjustment, assuming no other holds exist on your account. Keep monitoring your transcript for any deposit codes (846) which will show when it's actually sent out.

Everybody already explained SBTPG, but I just wanted to add - keep an eye on your account to make sure the full amount arrives. Last year they messed up my deposit and I had to call TurboTax to get it fixed. The difference between your expected refund and what you got should exactly match your tax prep fees plus their transfer fee (usually around $40).

This exact same thing happened to me last year and I was so confused! SBTPG is totally legit - they're the company that processes refunds when you chose to have your tax prep fees deducted from your refund instead of paying upfront. What happens is the IRS sends your full refund to SBTPG first, then they take out the tax software fees plus their own processing fee (usually around $35-40), and then deposit the remainder to your account. That's why you got less than expected and why the timing is different from your DDD. It's actually pretty common for SBTPG deposits to hit a few days before the official direct deposit date. You should be all set - this is your actual refund, just processed through the third party!

Did you receive any advance child tax credit payments in 2024? I had a similar issue where my 846 amount was about $900 less than I expected. Turns out that they had records showing I received advance payments that needed to be reconciled with my refund.

This exact same thing happened to me last year! My 846 code showed $2,847 but only $1,961 actually deposited. I was panicking for days thinking the IRS made some huge mistake. Turns out I had completely forgotten about an old debt from my college days that went into default. The Treasury Offset Program had taken $886 to pay it off. The notification letter explaining the offset arrived about a week AFTER my refund deposited, which is why I was so confused at first. My advice would be to call the Treasury Offset Program at 800-304-3107 first thing Monday morning. They can tell you immediately if any portion was offset for debt collection. It's usually much faster than trying to reach the IRS directly, and they have access to all the offset information in real time. Also double-check your transcript for any 971 notice codes that might indicate an adjustment was made to your return. Sometimes those are easy to miss when you're focused on the 846 code. Really hoping it's just a bank processing issue and the full amount shows up when it posts!

Has anyone had success claiming the Section 199A deduction with multiple properties under an LLC? I'm wondering if organizing my two rentals into an LLC would make qualifying any easier or provide better documentation for the "trade or business" requirement?

I'm in a very similar situation - W2 employee with one rental property managed by a property management company. I've been claiming the 199A deduction for the past two years without safe harbor, and my tax preparer assured me it's legitimate as long as I can demonstrate business involvement. What I've been doing is keeping a simple spreadsheet tracking all my rental-related activities - reviewing monthly statements, approving repairs over certain amounts, annual lease renewals, researching local market rates, and even time spent learning about tax law changes that affect my rental business. It probably adds up to way more than 250 hours annually when you include all the decision-making and oversight activities. The key insight my CPA shared is that the safe harbor was created to provide certainty, not to be the exclusive path to qualification. Many established rental property owners were already qualifying under general business principles before the safe harbor even existed. I'd suggest documenting your ongoing involvement going forward - even if it's just a simple log of activities and time spent. The fact that you're actively researching these tax implications and making informed decisions about your rental business already demonstrates the kind of regular, continuous involvement the IRS is looking for.

According to IRS.gov and several tax professional forums I've researched, cycle codes follow a specific pattern: - First digit (0) = Processing year (2024) - Next two digits (60) = Week of the year - Last digit (1) = Day of the week (1=Friday, 2=Monday, 3=Tuesday, etc.) The technical documentation on IRS.gov states that Friday cycles (ending in 1) are typically weekly processing cycles, while daily cycles (ending in 2-5) process more frequently. If you're seeing a 0601 code, your return is being processed in the weekly batch from the 60th week of the fiscal year, which would put you in the current processing window. https://www.irs.gov/irm/part3/irm_03-012-003r has more details on this for those interested in the technical aspects.

Based on my experience with cycle code 0601, it's actually a pretty standard processing cycle. I had the same code last year and my refund was deposited exactly 10 days after it appeared on my transcript. The fact that you're filing jointly for the first time might add a day or two for verification, but nothing major. I'd suggest checking your transcript every few days for the 846 code (refund issued) rather than stressing about the cycle code itself. The 3-week wait you've already experienced is typical for this time of year, especially with the volume they're processing. Hang in there - you should see movement soon!