Not directly related to the IRS question, but have you considered asking the jewelry store if they'll take multiple smaller payments on different credit cards? When I bought my engagement ring a couple years ago, I was able to split it across two different cards to stay within my limits. Some luxury retailers are more flexible than they initially let on if you're making a big purchase.

Just want to add some reassurance here - you're definitely overthinking this! I've done several large wire transfers for major purchases (home down payment, car, etc.) and it's really straightforward. The bank employees are used to handling these transactions and they'll walk you through every step. When I did my first one, I was nervous too, but the BOA rep explained everything clearly and made sure I understood the process before we proceeded. One tip: bring a photo ID and be prepared to answer some basic questions about the purchase (what it's for, who you're sending money to, etc.). This is just standard procedure for their records, not anything IRS-related. You're being responsible by checking on the requirements beforehand, but honestly, legitimate purchases with your own money are exactly what these systems are designed to handle smoothly. The reporting happens automatically in the background and doesn't affect you as the customer at all.

This is why I'm terrified of receiving any money from overseas. These "gotcha" penalties for purely procedural issues are absolutely ridiculous. The form doesn't even have any tax implications! Has anyone successfully fought these without hiring a lawyer? I received a similar penalty (much smaller amount) and wondering if I can handle it myself or if I need to bite the bullet and pay for representation.

I'm so sorry you're going through this - the stress of facing a $47,000 penalty must be overwhelming. But please don't consider bankruptcy yet! These international reporting penalties are often successfully challenged, especially in cases like yours where you acted in good faith. A few important points to consider: 1. The IRS has been issuing these massive penalties automatically, but they frequently get reduced or eliminated on appeal when taxpayers can demonstrate reasonable cause 2. Your 12-week correction timeframe is actually quite reasonable - many successful appeals involve much longer delays 3. The fact that you hired a professional and included a reasonable cause statement shows good faith effort For your immediate next steps: - File a formal protest letter within the 30-day deadline (don't miss this!) - Request penalty abatement based on reasonable cause under IRC Section 6651(a) - Include all documentation showing your prompt correction and good faith efforts - Consider requesting first-time penalty abatement if you have a clean compliance history Given the substantial amount involved, I'd strongly recommend consulting with a tax attorney who specializes in international reporting penalties. They can ensure your protest letter addresses all the technical requirements and cites relevant precedents. You have legitimate grounds for appeal here. Don't let the intimidating dollar amount discourage you from fighting this.

Did you file electronically or paper? Paper takes wayyy longer

This happened to me too! The "Verification of Non-Filing" status is super confusing when you know you filed. What helped me was checking my Account Transcript instead of just the Return Transcript - sometimes it shows different info. Also make sure your SSN and filing status match exactly what you put on your return. If everything looks right, it's probably just a processing delay. The IRS systems are honestly pretty outdated and sometimes take forever to sync up. Keep checking every few days and it should eventually update to show your actual return info.

Did you check if HR Block guaranteed their work? Many tax prep companies offer some kind of guarantee or insurance, especially for cases where they made a clear error like this. If their tax professional advised you on the payment plan but then entered your banking info for direct debit anyway, that's definitely on them. Ask for a supervisor at HR Block and mention terms like "professional liability" and "error and omissions coverage." This kind of mistake should be covered, and they might even reimburse you for any overdraft fees you incurred.

I'm so sorry this happened to you! This is actually more common than it should be, and it's exactly why I always recommend double-checking with your tax preparer about payment methods when setting up installment plans. The good news is that the IRS does have procedures for handling duplicate payments and erroneous withdrawals. When you call them (and I know the wait times are brutal), make sure to have these key pieces of information ready: 1. Your payment plan confirmation number 2. The exact dates and amounts of all withdrawals 3. Your bank statements showing the transactions 4. Any correspondence from Jackson Hewitt about the payment plan Ask specifically for a "duplicate payment refund" and get a case number for your request. The IRS typically processes these refunds within 4-6 weeks once they verify the error. Also, definitely hold Jackson Hewitt accountable for this mistake. If their preparer walked you through setting up the payment plan but still included your banking info for direct withdrawal, that's a clear error on their part. They should help resolve this and potentially cover any overdraft fees you incurred. Keep detailed records of everything - dates, times, who you spoke with, case numbers, etc. This documentation will be crucial if you need to escalate the issue further. Hang in there - this will get resolved, it's just frustrating to deal with in the meantime!

The Tax Topic 152 message after verification is definitely a positive sign! I went through this exact situation last year - verified in person and then waited what felt like forever for transcripts to update. From my experience and what I've seen here, you're looking at roughly 2-4 weeks for transcript updates after getting that 152 message. The key thing is that your return is now in the normal processing queue, which is huge progress from being stuck in verification limbo. A few things that helped me stay sane during the wait: - Transcripts typically update overnight Thursday into Friday - Don't check more than once a week - it won't speed things up and just adds stress - When transcripts do update, they usually show everything at once including your DDD (Direct Deposit Date) The fact that WMR updated already is actually faster than some people experience. Try to be patient (easier said than done, I know!) - your refund is coming, the IRS just moves at their own glacial pace. Hang in there!

I'm in almost the exact same situation! Verified in person on 3/12 and just got the Tax Topic 152 message yesterday. My transcripts are still completely blank too, which was making me panic that something went wrong with the verification process. Reading through all these responses is actually really reassuring - sounds like 2-4 weeks is pretty typical for transcripts to update after getting that delayed processing message. I was worried that the blank transcripts meant my verification didn't work, but it seems like that's just how slow their systems are. Going to try checking transcripts on Friday mornings like Sofia suggested rather than obsessively checking every day. The waiting is brutal when you're counting on that money, but at least we're past the verification hurdle now. Thanks for posting this - it's helping me feel less alone in this process!