same boat, different day 🚣‍♀️ fingers crossed for all of us

This is definitely a positive sign! When Topic 152 replaces 151, it usually means your return is moving from review status back into normal processing. The question mark appearing by your refund amount is actually a good indicator - it often shows up right before they finalize the release. Since you spoke with an examiner who confirmed they'd release the hold, and this change happened right after, I'd say you're probably looking at getting your refund within the next 1-2 weeks. The timing lines up perfectly. Keep checking your transcript on Fridays (sounds like that's when yours typically updates) and you should see a deposit date appear soon. Hang in there - you're almost at the finish line! 🤞

Anybody know if there are penalties for filing Form 5500-EZ late? If the IRS is delaying releasing the forms, will they extend the deadline?

I've been in the same boat waiting for the 2023 Form 5500-EZ! Based on what others have shared here, it sounds like we have a few solid options while we wait for the paper form to be released by the end of February. I'm leaning toward trying the electronic filing route since it's already available and seems more reliable than waiting. The EFAST2 system being free (even if a bit clunky) is appealing, though I might also look into taxr.ai based on the positive reviews here - especially if it can catch errors and handle the submission process smoothly. For anyone else still waiting, it's good to know we're not alone in this frustration. The IRS really seems to be running behind schedule this year on multiple forms. At least we have until July 31st to get everything filed, so there's still plenty of time even with the delays. Thanks everyone for sharing your experiences and solutions!

Just a heads-up that the 3-year limit for amending 2020 returns is coming up soon if you filed on the regular deadline in 2021. If you're gonna file an amendment, don't wait too much longer!

I was in almost the exact same boat last year with a forgotten 1099-NEC from 2019. I kept putting off dealing with it because I was scared of what might happen, but honestly it turned out to be much less scary than I thought. I ended up filing the amended return (1040-X) myself using the IRS Free File software, and it was actually pretty straightforward. The additional tax I owed was only about $85, plus maybe $15 in interest. No major penalties since it was clearly an honest mistake and the amount was small. The hardest part was just getting over the anxiety of dealing with it. Once I actually sat down and did the paperwork, it took maybe an hour total. Filed it electronically and got confirmation that it was processed about 6 weeks later. My advice would be to just bite the bullet and file the amendment sooner rather than later. The peace of mind is worth it, and you'll probably find the actual financial impact is much smaller than you're imagining.

Let me walk you through what's happening with your transcript. First, code 150 shows your tax liability - the amount of tax calculated on your income. Second, this is completely normal and doesn't mean money is being taken from your refund. Third, your boyfriend showing $0 means his deductions and credits reduced his tax liability to zero. Fourth, to calculate your expected refund, find code 806 (withholding) and any credit codes (like 766). Fifth, subtract your code 150 amount from those combined amounts. That's your expected refund. Don't worry - this is all part of the normal process.

Hey Maya! I totally understand the panic - tax transcripts can be super confusing at first glance. Code 150 is actually showing your calculated tax liability (what you owe in taxes), not an amount being deducted from your refund. Think of it like this: if you bought something for $1600 but had store credit and gift cards to cover it, the $1600 is still the "price" even though you might not pay anything out of pocket. Your boyfriend's $0.00 likely means his deductions, credits, or filing status brought his tax liability down to zero. To see your actual refund amount, look for codes like 806 (tax withholding from your paychecks) and 766 (refundable credits). Your refund would be those amounts minus the $1600 code 150. So if you had $2200 withheld (code 806), you'd get a $600 refund. Hope this helps ease your worry!

Has anyone noticed discrepancies between what tax software calculates for QBI and what shows up on their transcript? My H&R Block software showed about $1,800 for this deduction but my transcript shows almost $2,400. Is that normal or should I be concerned?

I went through something very similar! The F8995 line on your transcript is actually showing that the IRS automatically calculated and applied your Qualified Business Income deduction - this is a good thing, not something you missed. Since you mentioned you included your K-1 from the partnership, that's exactly what triggered this deduction. The QBI deduction allows you to deduct up to 20% of your qualified business income from pass-through entities like partnerships, S-corps, sole proprietorships, etc. TurboTax should have handled this calculation behind the scenes when you entered your K-1 information. The fact that it shows up on your transcript with that dollar amount means it was properly applied to reduce your tax liability. You don't need to file an amended return - you already got the benefit of this deduction. The "COMPUTER" part just means it was calculated automatically by the IRS processing system based on the information in your return. This is totally normal and happens with many tax calculations.