Filed 2/22, got state refund in a week, federal still says "processing" on WMR. Just checked transcripts after reading this post and I also have an 846 for 3/29! Never got any updates or notifications, it just appeared. The IRS website is a joke.

Congratulations on finally getting your 846 code! I'm currently on week 7 of waiting myself - filed 2/28 and accepted same day but transcripts still showing N/A. Your post gives me hope that movement can happen suddenly even after weeks of nothing. Quick question - when you say your transcripts were "completely empty" until today, do you mean they showed N/A for return transcript or that there was literally nothing there? I'm trying to figure out if my situation is normal delay or if something's actually wrong. The WMR tool has been useless - just the generic "still processing" message for over a month now. Really hoping I see some movement soon like you did! April 1st deposit date sounds amazing right about now 🤞

I opened my Tax Court packet after missing the deadline and it was a "Notice of No Jurisdiction" basically saying they couldn't hear my case. So i ended up calling a tax advocate who told me to just pay what i owed then file an amended return asking for a refund. Took like 9 months but i got about half back cuz they agreed with some of my deductions. Persistence pays off!

I'm really sorry to hear about your situation - missing that Tax Court deadline is incredibly stressful, but you're not completely out of options. First, definitely open that packet from the Tax Court. It's likely a "Notice of No Jurisdiction" as others mentioned, but you need to know for sure what it says. Since you mentioned this involved unreported Robinhood transactions, there's a good chance the IRS made some calculation errors or didn't properly account for your cost basis. Investment income reporting can be really complex, especially with apps like Robinhood where the 1099s don't always tell the full story. Here's what I'd recommend: 1) If you can afford it, pay the assessment and then file for a refund with Form 1040X - this gives you a fresh shot at contesting it, 2) Look into requesting an audit reconsideration if you have documentation the IRS didn't previously consider, 3) Consider the Collection Due Process hearing option which can provide another avenue to dispute the assessment. Also, make sure you have all your Robinhood statements and any documentation showing your actual cost basis for those transactions. The IRS often assumes zero cost basis when they don't have complete information, which can significantly inflate what you actually owe.

Don't forget you need to keep track of the interest you're paying tax on! If you never receive the money, you can file a claim for credit or refund using Form 1040-X for the year you reported the phantom interest income. But you only have 3 years from the date you filed the original return to file for a refund.

I've dealt with a very similar situation and want to add a few important points that might help you navigate this faster: First, when you call the IRS, specifically ask to speak with someone in the "Refund Inquiry" department rather than general customer service. Tell them you have an approved penalty abatement but the refund wasn't issued despite receiving a 1099-INT. Use the exact phrase "missing refund from approved abatement" - this helps them understand the specific issue quickly. Second, ask them to check if your refund was offset against any other tax liabilities or if it's sitting in an "unpostable" status. Sometimes these refunds get stuck in their system due to address verification issues or other administrative flags. Most importantly, get a case number and the name of the agent you speak with. If the first person can't resolve it, ask them to escalate to their manager or transfer you to the Taxpayer Advocate Service if it's been more than 30 days since your abatement was approved. Keep detailed records of every call - date, time, agent name, and what they told you. This documentation will be crucial if you need to escalate further. The IRS has specific timeframes they're supposed to meet for processing refunds, and if they miss these, you may be entitled to additional interest. Don't give up - this is absolutely resolvable, but it often requires persistence with their phone system!

where did u find the cycle code? I cant find mine anywere on the transcript

Filed 1/19 and accepted same day with cycle code 20250405 too! Still waiting on mine as well. From what I've researched, the "05" means we're on the weekly Friday processing cycle, so our refunds should be released this Friday 2/7. Then it depends on your bank how fast they process it. Keep checking WMR (Where's My Refund) tool on IRS.gov for the most accurate updates!

Has anyone here dealt with this situation where one of the partners is an S-Corp specifically? I'm concerned about the timing since S-Corps have different filing deadlines than partnerships.

One thing I'd add that hasn't been fully addressed - make sure you understand the potential for imputed underpayment assessments under BBA rules. Even though partnerships are pass-through entities, the IRS can assess and collect penalties at the partnership level for certain adjustments. When you file the 1065-X as your AAR, the IRS will review it and may propose an imputed underpayment based on the highest individual tax rate plus Net Investment Income Tax. The partnership can then make a "push out" election to have the adjustment flow through to the partners instead of being assessed at the partnership level. Given that you're dealing with an S-Corp partner, this could be particularly relevant since the ultimate shareholders might be in lower tax brackets than what the IRS would use for the imputed underpayment calculation. You'll want to consider whether to make the push-out election when filing the AAR or wait to see if the IRS proposes an assessment. Also, since you mentioned both partners agree on the correction, document that agreement well. It'll be helpful if the IRS has any questions about the adjustment during their review process.