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Pro tip: If you have access to your state tax account, sometimes you can still see your federal refund status there depending on your state!
Same thing happened to me last week! I was so confused because I never received any letter either. Ended up having to call the IRS verification line that @NebulaNinja mentioned and they were able to send me a new verification letter. The wait time was brutal (like 45 minutes on hold) but at least I got it sorted. They said the letters sometimes get lost in the mail or take longer during peak tax season. Definitely frustrating when you just want to check your refund status!
Did you check your transcript for a TC 846 code with the 03/05 date? Sometimes people confuse the cycle date with the actual DDD. Make sure you're looking at the right code!
Yep, definitely have the TC 846 code with 03/05 date! I double checked everything. Just wasn't sure if the Venmo early deposit feature would still apply since I did take a small advance when filing. But based on what people are saying here, sounds like I should see it Monday or possibly even earlier!
Just adding that you can also check your tax transcript for any codes in the 570/971 series - if you see those without a subsequent 846, there might be a review happening. But since OP already has the 846 with a DDD, they should be good to go!
Just wanted to follow up on this thread since I was in a very similar situation last month. I had a DDD of 02/18 with Venmo and was wondering about the early deposit timing too. My refund actually hit my Venmo account on 02/16 (2 days early), which seems to be pretty consistent with what others are reporting here. The key thing I learned is that Venmo's early deposit feature does work for tax refunds, but it's typically 1-2 business days early rather than the full 5 days you might see advertised for regular paychecks. One tip - make sure you have push notifications turned on in your Venmo app. My refund actually posted around 3 AM on that Friday morning, so I woke up to the notification which was a nice surprise! Given your DDD of 03/05 and the fact that you only took a partial advance, I'd expect to see your remaining refund amount in your Venmo account either Monday 03/03 or possibly even Friday 02/28 if the IRS releases it early like some others mentioned.
Thanks for sharing your experience! That's really helpful to know about the 3 AM timing. I've been checking my account obsessively during business hours but never thought to check early morning. Quick question - did you also take a partial advance like I did? I'm curious if that affected your timing at all or if you still got the full 2-day early deposit. Based on what everyone's saying here, I'm cautiously optimistic I'll see mine Monday, but now I'm wondering if I should check Friday night/Saturday morning too just in case!
The IRS is so behind this year its not even funny. My friend filed in February and just got hers last week smh
Same exact thing happened to me! That status change from "still being processed" to "being processed" is definitely progress. I was stressing about it too but got my refund about 10 days after seeing that change. The waiting is brutal but you're definitely moving through the system now. Try not to check every single day (easier said than done I know lol) - maybe check every few days instead to save your sanity!
I might be in the minority here but I actually just pay my overseas contractors through Paypal or Wise and I've never collected W-8BEN forms. Been doing this for like 3 years with no issues. I just categorize it as "contract labor" on my Schedule C. My accountant said its fine as long as I'm keeping detailed records of who I paid and what for. Maybe I'm doing it wrong but no problems so far!
You might be flying under the radar now, but technically you should have those W-8BEN forms. Your accountant is taking a risk. The forms protect you if the IRS questions whether these people should have been treated as employees or if they were actually US persons who should have received 1099s.
I'm dealing with a very similar situation! I have contractors in Vietnam and Thailand for my e-commerce product photography business. After reading through all these responses, I'm realizing I need to get those W-8BEN forms ASAP. One thing I wanted to add - make sure you're clear about what services your contractors are actually providing. The IRS distinguishes between services performed outside the US versus services that benefit a US business. Since your contractors are doing the actual editing work overseas, you should be good, but it's worth documenting that the work is being performed entirely outside the US. Also, I've found it helpful to include a clause in my contractor agreements that specifically states they're responsible for their own tax obligations in their home country and that they're not US tax residents. Not required, but it adds another layer of documentation if questions ever come up. Thanks for posting this question - it's made me realize I need to get more organized with my international contractor documentation too!
NeonNova
My firm uses ProSystem fx Tax and it's been decent for multi-entity work. Not perfect but gets the job done. The K1 import/export feature alone has saved us hundreds of hours.
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Yuki Tanaka
ā¢I second ProSystem fx. It's solid for multi-entity work, though the interface feels a bit outdated compared to some newer options. But reliability matters more than looks when you're dealing with complex returns.
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Jibriel Kohn
Just wanted to chime in here as someone who's been through this exact nightmare! We had 12 entities last year and I was literally losing sleep during tax season trying to keep everything straight. I ended up going with Thomson Reuters UltraTax CS and it's been a lifesaver. The entity management dashboard is incredible - you can see the status of all related returns at a glance and it flags any missing information or inconsistencies between entities. The K-1 flow-through functionality is seamless, and when you update source data, it automatically updates all dependent returns. One thing I don't see mentioned much is their client organizer feature - it sends customized requests to each entity based on their specific needs, which cuts down on the back-and-forth emails trying to get missing documents. For our real estate clients especially, this has been huge. The learning curve isn't too bad if you're already familiar with tax software, and their support team actually knows what they're talking about when you call with multi-entity questions. Worth every penny for the sanity it's given me back!
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