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I waited until February 15th last year before filing because my PayPal 1099K came super late despite the January 31 deadline. Some companies just don't meet the deadline and there's basically no consequence for them. So frustrating!
Based on everything discussed here, it sounds like you're in good shape to file now without waiting. Since you made $780 through PayPal, you're well under the $5,000 threshold for 2024, so PayPal isn't required to send you a 1099-K anyway. The fact that you've already included all your PayPal income on Schedule C is exactly what you should be doing. You're legally required to report all income regardless of whether you receive tax forms for it, and it sounds like you've got detailed records which is the most important thing. I'd recommend going ahead and filing rather than waiting. If by some chance you did receive a 1099-K later (which seems unlikely given the threshold), it wouldn't create a problem since you've already reported more income than what would be on the form. The IRS is looking at your total reported income, not trying to match every individual transaction to a form. Getting your refund processed sooner is definitely a nice bonus for being organized with your record-keeping!
Is anyone else finding the IRS ITIN renewal process totally baffling in 2025??? Their website keeps giving me error messages when trying to check my ITIN status. And the PDF of Form W-7 won't even download properly on my phone. This whole system feels designed to be impossible to navigate.
Try using a computer instead of your phone for government websites - they're notoriously bad on mobile. The IRS site was actually updated last month and works better now. Form W-7 is here: https://www.irs.gov/pub/irs-pdf/fw7.pdf
Just went through this exact same process last month for my green card application! A few things that might help: First, make sure you're clear on which type of Tax ID you have. If it's an ITIN and you haven't filed taxes with it in 3+ years, it's likely expired and you'll need Form W-7 to renew. If it's an EIN for a business, those don't expire. For the renewal, you'll definitely want to get your tax compliance sorted out first - USCIS really scrutinizes tax history during the naturalization process. I had to get transcripts going back 5 years to prove I was current on all filings. One tip: if you're in a time crunch, consider visiting an IRS Taxpayer Assistance Center in person rather than mailing everything. They can verify your documents on the spot and it tends to be faster than the mail process. You can schedule an appointment on the IRS website. Good luck with your citizenship application - having all the tax documentation properly organized will definitely help your case!
Check your bank statement carefully! Sometimes the bank takes processing fees too. My credit union charged me a $15 "transfer processing fee" for receiving my tax refund through direct deposit last year. It wasn't the tax preparer or the IRS, it was my own bank!
I didn't even think to check that! Would my bank be allowed to charge me without telling me first? Should I call them or go in person to ask about this?
Yes, banks can definitely charge fees for processing certain types of deposits, including tax refunds - especially those coming through third-party processors like SBTPG. These fees are usually disclosed in your account terms and conditions, but most people never read those. I'd recommend calling your bank's customer service line first. Have your account statement ready so you can reference the specific deposit transaction. Ask them directly if any fees were applied to your tax refund deposit. If you're not satisfied with their answer over the phone, then consider visiting in person and asking to speak with a manager who can provide documentation of any fees charged.
Similar thing happened to me but mine was actually a tax offset due to a really old unpaid parking ticket I forgot about from like 6 years ago!! The city reported it to the treasury offset program. The IRS should have sent you a letter explaining why your refund was different than expected.
How do parking tickets even get reported to the IRS? That's crazy. I've got a couple unpaid ones from when I was visiting Chicago last year. Should I be worried about my refund too?
Not all parking tickets get reported to the Treasury Offset Program, but some cities and counties do participate. It usually has to be a significant amount or have gone through collections first. Chicago does participate in the program, so if your tickets have been sent to collections and you owe more than a certain threshold (I think it's around $25-50), they could potentially offset your federal refund. You should check the city's website or call their parking violations bureau to see if your tickets are eligible for federal offset. Better to pay them now than lose part of your refund later!
I'm having the opposite problem! My company is in my state but I moved to another state mid-year and have been working remotely from there. My W-2 only shows my original state in box 15. Should I file part-year resident returns in both states?
Thanks everyone for the helpful responses! I think I understand now - since I physically work from Michigan and my W-2 already shows Michigan in box 15 with state withholding, I just need to file my regular Michigan resident return. It's reassuring to know that the location of the employer doesn't matter as much as where I'm actually doing the work. I was overthinking this because it's my first time dealing with remote work for out-of-state companies. The fact that Texas doesn't even have a state income tax makes this even simpler than I thought. I really appreciate everyone taking the time to explain this - tax season is stressful enough without worrying about filing returns in multiple states unnecessarily!
Sophia Nguyen
Just a heads up on the Mach-E purchase - make sure you're tracking ALL your business mileage starting day one. I made the mistake of being casual about it when I first got my vehicle for my real estate business, and it caused me headaches at tax time. I recommend getting a mileage tracking app that automatically logs your trips. You'll need to categorize each trip as business or personal. For realtors, business mileage includes driving to showings, open houses, meeting clients, checking on properties, etc. Also, keep all documentation from the purchase - especially anything showing the vehicle's eligibility for the EV credit. The IRS has been known to question these claims.
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Mateo Rodriguez
โขThanks for this advice! Do you have a specific mileage app you'd recommend? And should I also be keeping receipts for charging costs since it's an EV?
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Sophia Nguyen
โขI use MileIQ and it's been great - it runs in the background and automatically detects when you're driving. You just swipe right for business trips and left for personal. The reports it generates are perfect for tax time. For charging costs, absolutely keep those receipts! You can deduct the business portion of your charging costs as a separate expense on your Schedule C. If you install a home charger, that might also qualify for a separate tax credit, so keep all documentation for that as well.
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Jacob Smithson
One thing nobody has mentioned yet - if you're buying the vehicle in December, make sure it's actually placed in service before year-end if you want the deductions for this tax year. "Placed in service" means actually using it for business purposes, not just purchasing it. Also, take photos of your odometer when you first get the vehicle and whenever you use it for business in those first few weeks. This documentation can be super helpful if questions come up later.
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Isabella Brown
โขWhat about financing? Does it matter if the vehicle is financed vs paid in full for claiming the Section 179 deduction?
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Alexis Robinson
โขGood question! Financing doesn't affect your ability to claim the Section 179 deduction. You can take the full deduction in the year you place the vehicle in service, even if you're making payments over several years. The key is that you're considered the owner for tax purposes once you take possession. However, keep in mind that if you finance, you'll also be able to deduct the business portion of the interest on your loan as a separate business expense. Just make sure to track what percentage of the vehicle use is for business so you can properly allocate the interest deduction. Also, with financing you'll want to keep extra good records since you'll have ongoing expenses to track year over year.
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