I've been tracking Chase direct deposits for tax refunds for several years now. A few things to consider about your situation: Have you checked if your refund includes any refundable credits like EITC or CTC? Those sometimes follow a different deposit timeline. What does your transcript show for transaction codes? Is there anything besides the 846 code that might indicate a partial offset or review? Did you file electronically or by paper? Electronic filers typically see deposits processed more predictably than paper filers.

I'm in the exact same situation! Filed 2/12, accepted same day, transcript shows 846 code with DDD 3/20, and Chase shows nothing pending. I called them twice today and both reps confirmed no ACH transfers in queue. What's frustrating is that my neighbor got her refund yesterday with a 3/19 DDD through Wells Fargo. I'm trying not to panic but it's hard when you're counting on that money for bills. Has anyone with Chase actually received their deposit early this year, or are they all coming exactly on the DDD? I've read mixed reports online about whether the Treasury changed their batch processing timing this season.

I've been through three tax seasons with an IP PIN now. In 2022, I had to verify despite having the PIN. In 2023, no verification needed. This year, verification required again. From my conversations with the Taxpayer Advocate Service, the IP PIN primarily prevents someone else from filing under your SSN, but doesn't exempt you from the IRS's internal verification algorithms. These algorithms flag returns based on multiple factors including income changes, new credits claimed, address changes, etc. Your remote work situation might be triggering geographic inconsistency flags if your employer is in one state and you're working from another.

I've had an IP PIN for two years now and got hit with verification both times, so you're definitely not alone! The frustrating part is that the IRS documentation makes it sound like the PIN should streamline everything, but in reality it just prevents fraudulent filings - it doesn't bypass their verification algorithms at all. What really helped me was keeping detailed records of every interaction. I document every call, reference number, and rep name because the systems don't always talk to each other properly. Also, if you're still working remotely, make sure your W-2 address matches what you have on file with the IRS - mismatches there seem to trigger additional scrutiny even with a PIN.

Is the profit your client made more or less than $250,000? If they lived in the house for at least 2 years out of the last 5 years before selling, they might qualify for the Section 121 exclusion, which means up to $250k ($500k if married filing jointly) could be tax free.

Great question! As a fellow tax professional, I can confirm that you're absolutely right to avoid Schedule C for a one-time flip. The key test is whether this constitutes a "trade or business" - and a single transaction by someone not regularly engaged in real estate typically doesn't meet that threshold. For reporting, you'll want to use Schedule D and Form 8949 to report this as a capital gain/loss. The holding period will determine if it's short-term (less than 1 year) or long-term (more than 1 year), which affects the tax rate. Make sure to properly calculate the adjusted basis by including: - Original purchase price - Closing costs on purchase - All capital improvements (not repairs) - Selling expenses (commissions, closing costs, etc.) Since your client never claimed depreciation (and couldn't on a flip property anyway), there's no depreciation recapture to worry about. The gain calculation is simply: Sales price - Adjusted basis = Capital gain. One thing to watch out for - if the IRS later determines this was part of a business activity, they could reclassify it and assess self-employment tax. But for a true one-time flip with no business intent, capital gains treatment is appropriate.

Quick question - if we file with the W-7 renewal, do we still need to include the tax payment if we owe money? Or do we wait until after the ITIN is renewed?

I went through this exact process with my spouse last year and wanted to share what worked for us. The key thing that helped reduce our stress was finding a local Certifying Acceptance Agent (CAA) - many tax preparation offices are authorized to do this service. The CAA was able to verify my spouse's original passport and other documents, then provided certified copies that we could mail with our tax return and W-7 form. This meant we kept all our original documents and didn't have to worry about them getting lost in the mail or waiting months to get them back. The whole process still took about 10 weeks for the IRS to process the ITIN renewal, but our peace of mind was worth the small fee the CAA charged (around $50). You can find authorized CAAs on the IRS website - just search for "Certifying Acceptance Agent" in your area. Also, make sure you file everything together in one package - the tax return, W-7 form, and all supporting documents. The IRS processes these as a unit, so separating them can cause delays.

I guess my experience might be useful too. I filed for bankruptcy last year after my medical bills and tax debt got completely out of control. The court assigned me a bankruptcy attorney who told me I'd been misled by the tax relief company I'd hired. Turns out my tax debt would have been dischargeable in bankruptcy (it was over 3 years old and I had filed the returns on time), but the tax company never mentioned this as an option. Instead they took $3,500 from me when I was already financially devastated. Not saying bankruptcy is the right option for everyone, but if your debt is overwhelming, it might be worth talking to a bankruptcy attorney to understand all your options before paying thousands to these tax relief places.

This is exactly why I always tell people to be extremely cautious with these national tax relief companies. Your experience with SuperiorTaxRelief sounds unfortunately typical - they hook you with promises of major debt reduction, then months later you find out you're just getting a standard payment plan you could have set up yourself. The fact that their email mentions "installment agreement" and "penalty abatement" instead of an Offer in Compromise pretty much confirms they're not pursuing significant debt reduction for you. Most people can request penalty abatement themselves using Form 843, and installment agreements are available directly through the IRS website. Before you write your final review, I'd document everything they promised versus what they're actually delivering. If there's a significant gap, you might have grounds for a complaint with your state's consumer protection agency or even a chargeback if you paid by credit card. The silver lining is that your detailed review will help others avoid the same trap. These companies prey on people who are already stressed about tax problems, so honest reviews from real customers are invaluable.