Ugh, I'm going through the exact same thing! Filed my CT return in late February and it's been stuck on "Under Review" for 7 weeks now. It's so nerve-wracking when you're counting on that money. I actually called the DRS office yesterday and after waiting 90 minutes (!) they told me that "Under Review" can mean anything from routine verification to them needing additional documentation. The rep said they're really backlogged this year and to expect 10-12 weeks total processing time. Apparently if they need anything from you, they'll send a letter, so no news is kinda good news? Still super frustrating though - my federal came back in like 2 weeks! 😤

Just got off the phone with CT DRS after a 2+ hour wait (I called at 8am sharp when they opened). Rep told me they're currently processing returns filed in early February, so if you filed mid-to-late February you're probably still a few weeks out. She also mentioned that anything involving Schedule CT-1040EZ or certain tax credits automatically goes into extended review. The good news is once it moves from "Under Review" to "Approved" the deposit usually hits within 3-5 business days. Hang in there everyone - sounds like we're all in the same boat! 🚤

Something everyone seems to be missing - make sure you're using the right version of Form 8865! The IRS updates these forms almost every year. Using the 2011 form for your 2023 taxes would be a disaster!

This is such a common source of confusion! I've been dealing with foreign partnerships for about 8 years now and still had to look this up when I first started. One thing that might help is to think of it this way: your personal tax return is like a "snapshot" of your financial situation for that calendar year. So for your 2023 personal taxes, you need to include income/losses from any partnership tax year that "closed the books" during your 2023 calendar year. In your case with the April 1 - March 31 fiscal year, the partnership year that ended March 31, 2023 is what gets reported on your 2023 personal return. Even though most of that partnership year (April-December 2022) happened in 2022, it still gets reported on your 2023 taxes because that's when the partnership "closed the books." Pro tip: I always write down the partnership's fiscal year dates somewhere prominent on my tax prep checklist each year. Saves me from having to re-figure this out every single time! The partnership should send you a K-1 that will also show which tax year it covers.

I've helped exactly 17 clients with 1095-A issues this tax season already. Here's a specific example that might help you understand what you're dealing with: Client had a 1095-A showing $437.28 monthly premium, $578.45 for the SLCSP (Second Lowest Cost Silver Plan), and $312.00 in monthly APTC (Advanced Premium Tax Credit). Their actual annual income was $32,450 instead of the $29,000 they estimated when applying for coverage. When we completed Form 8962, they had to repay $428 of their premium tax credit because their actual income was higher than projected. However, since their income was at 253% of the Federal Poverty Level, their repayment was capped at $800 (they would have owed $624 without the cap). The most common mistake I see is people entering annual totals instead of monthly amounts from the 1095-A. Be precise with those numbers!

Hey Alicia! I totally understand that overwhelmed feeling - the 1095-A can definitely look intimidating at first glance! 😅 As a fellow student who went through this last year, here's what helped me get through it: **Quick sanity check first:** Make sure all the information on your 1095-A looks correct (coverage months, premium amounts, etc.). If anything looks off, contact the Marketplace for a correction before filing. **The good news:** Most tax software (TurboTax, FreeTaxUSA, etc.) will walk you through this step-by-step. You basically just enter the numbers from each box on your 1095-A and it does the heavy lifting on Form 8962. **Student-specific tip:** Since you mentioned you're a full-time student, your income might be pretty low, which could actually work in your favor! If your actual income ended up being lower than what you estimated when you signed up, you might get additional tax credits back as a refund. **Before your appointment:** Have your 1095-A ready and double-check that the monthly premium amounts match what you actually paid. Your tax preparer will need these exact numbers. You've got this! The anticipation is definitely worse than actually doing it. Let us know if you run into any specific questions about the numbers on your form! 📋

I recommend getting tax software like FreeTaxUSA or Credit Karma Tax (now Cash App Taxes) which are both free for federal filing and guide you through the process for both W-2 and 1099 income. They'll prompt you to enter your doordashing income and expenses on Schedule C and automatically calculate your self-employment tax. Even with income under the standard deduction, definitely still file a return! You might qualify for refundable credits like the Earned Income Credit depending on your situation, which could get you money back even if you don't owe income tax.

As someone who went through this exact situation last year, I can confirm what others have said - you can definitely use the standard deduction against your combined income from both sources. However, the self-employment tax part caught me off guard too! One thing I'd add is to make sure you keep track of ALL your doordashing expenses going forward, not just mileage. Things like phone accessories (car mounts, chargers), insulated bags, even a portion of your phone bill can be deductible. I wish I had known this during my first year of gig work. Also, since you're young and this might be your first time dealing with self-employment income, consider setting aside about 15-20% of your 1099 earnings for taxes throughout the year if you continue doordashing. The self-employment tax plus any income tax can add up, and you don't want to be surprised next filing season. Good luck with everything - you've got this!

Just experienced this same situation! My incorporation service (LegalZoom) apparently never properly submitted my 2553 even though I paid them to handle it. What a disaster. I ended up hiring a CPA who specialized in business closures. Cost me $650 but they handled everything including dealing with the IRS directly. Sometimes paying a professional is worth avoiding the headache, especially since you can deduct the fee on your personal taxes as an "investment expense" related to closing your business.

I'm dealing with a very similar situation right now! My business formation service also apparently never properly filed my Form 2553, and the IRS is now treating my intended S-Corp as a C-Corp. Based on what I'm reading here, it sounds like the path of least resistance might be to just file the 1120-X and Schedule L they're requesting, especially since there was no business activity. One question though - if I go the route of filing as a C-Corp for the final return, do I need to worry about any state-level complications? My state dissolution was already approved, but I'm wondering if filing a different type of federal return could create issues with the state tax authority or require additional state filings. Also, has anyone had success getting reimbursement from these business formation services when they mess up the S-Corp election? I'm pretty frustrated that I paid extra for them to handle the paperwork correctly and now I'm stuck dealing with this mess.