
IRS
CommunityGovernment Services


Ask the community...
Just got an update on my home heating credit claim in Michigan through the Michigan Department of Treasury eServices portal. I checked my Individual Income Tax section and saw they processed my claim. According to the eServices portal, it shows they received it on Jan 31, 2025, and then on Feb 8, 2025, they marked it as completed. When I log into the Michigan Department of Treasury eServices Individual Income Tax section, I can see the following timeline: Date: Jan 31, 2025 Description: We have received your Home Heating Credit Claim. Date: Feb 8, 2025 Description: Home Heating Credit Claim is completed. Date: Feb 8, 2025 Description: You were issued an energy draft in the amount of $. Allow up to 7 business days to receive this energy draft by mail. The latest update from Feb 8 says "You were issued an energy draft" and mentions to allow up to 7 business days to receive it by mail. I'm confused - does this mean they're sending me a check or paying my utility company directly? I'm watching my mailbox but want to know exactly what to expect. I noticed they didn't list the actual amount of the energy draft in the description on the portal, just "in the amount of $" followed by instructions about allowing 7 business days for mail delivery. I checked the URL at the bottom and it shows etreas.michigan.gov. Anyone know how this works with these energy drafts from the Michigan Treasury? Is this something I need to endorse over to my utility company, or can I deposit it in my account? And why wouldn't they show the amount on the portal?
So I'm in a bit of a stressful situation right now. I'm trying to get approved for a mortgage loan and the lender is asking for my W-2 from 2022. The problem is I left that company last year on not-so-great terms, and now they're being completely unhelpful when I request a copy of my W-2. I've emailed HR three times and called twice, but they either ignore me or say "we'll look into it" and never follow up. It's been almost three weeks of trying to get this document. I tried calling the IRS thinking they could just send me a copy, but it's literally impossible to reach an actual human being there. The automated system just keeps looping me around in circles and then disconnecting. My mortgage broker is getting impatient and I really need this W-2 to move forward with buying this house. Does anyone know any alternatives or ways to get a copy of an old W-2 when your former employer is being difficult? This is honestly driving me crazy!
I work in mortgage lending and we accept the IRS Wage and Income Transcript in place of W-2s ALL THE TIME. It's actually preferred because it comes directly from the IRS and we know it hasn't been altered. Just make sure when you download it that you get the official PDF version and not just the web view.
Also want to mention that if you're having trouble with the IRS online identity verification process (which can be tricky), you can request transcripts by mail using Form 4506-T. It takes longer (usually 5-10 business days) but it's a reliable backup option if the online system isn't working for you. Just make sure to check the box for "Wage and Income Transcript" on the form, not just "Tax Return Transcript" - they're different documents and your mortgage lender specifically needs the wage information. You can download Form 4506-T directly from the IRS website and mail it to the address listed in the instructions. Given that your mortgage broker is getting impatient, I'd try the online transcript option first since it's immediate, but it's good to know you have this backup if needed!
I've been getting conflicting information about EINs when filing Form 8832 and could use some clarity from anyone who's dealt with this before. Here's my situation: I have an LLC that was originally set up with S corporation election, and I have an EIN associated with that classification. Now I'm filing Form 8832 to change the classification to a disregarded entity (sole proprietorship). The underlying LLC itself isn't changing - just the tax classification. On Form 8832, I've filled out Part 1 with 1-B and 6-C, included my current EIN, and everything else required. The IRS has accepted the form. My question is: Do I need to get a new EIN now, or does the 8832 automatically reclassify my existing EIN from S-corp to disregarded entity? I've gone through IRS Publication 1635 and searched the IRS website about when you need a new EIN, but I can't find a clear answer for this specific situation. My understanding is that I can keep using my existing EIN since only the classification changed, not the underlying entity. But I'd really appreciate if someone could confirm before I potentially mess something up. If I can't get a clear answer here, I'll write directly to the IRS.
Quick question - does anyone know if there are any payroll tax implications when changing from S-Corp to disregarded entity? I've been paying myself a salary as an S-Corp owner, but that's not required for a sole prop. Do I need to file any special forms for the final payroll?
When you change from S-Corp to disregarded entity, you'll need to file a final Form 941 (Quarterly Employment Tax Return) and Form 940 (Federal Unemployment Tax Return) to close out your payroll tax obligations. Mark them as "final" returns. You'll also need to issue yourself a final W-2 for the partial year. After the change, you won't run payroll for yourself anymore since sole proprietors don't receive wages - instead, you'll make owner's draws and pay self-employment tax on your Schedule C profit.
Just to add another data point to confirm what others have said - I went through this exact same transition two years ago (LLC electing S-Corp status changed to disregarded entity via Form 8832) and kept my original EIN throughout the process. The key thing to remember is that your LLC as a legal entity never changed - only how the IRS treats it for tax purposes changed. The EIN is tied to the legal entity, not the tax classification. This is why Form 8832 specifically asks for your existing EIN rather than having you apply for a new one. One practical tip: keep a copy of your Form 8832 acceptance letter with your important tax documents. I've had to reference it a few times over the years when dealing with banks, vendors, and even my new accountant to explain why my EIN remained the same despite the classification change. The transition itself was pretty smooth once I understood this concept. Good luck with your change!
I'm trying to track the status of our Colorado state tax refund check and need some guidance. Here's what I've done so far: 1. Filed our state taxes on March 1st (verified submission and acceptance) 2. Checked the Colorado Department of Revenue website every 3 days 3. Confirmed on April 7th that our check was officially mailed 4. It's now been 9 days with no check in our mailbox I've documented everything meticulously but I'm starting to get concerned about the delivery timeframe. Is this normal processing time for Colorado state refund checks? I need to know if I should continue waiting or take additional steps to locate our refund.
CO resident here. FWIW, most ppl in my tax prep group got their checks 10-14 days after the mail date this yr. DOR is def slower than the fed refunds. Next yr do direct deposit - got mine in 5 days flat! The paper check system is so 1990s lol. Hang tight a few more days before freaking out, but after 15 biz days def call them.
I'm in a similar situation - my Colorado refund was marked as mailed on April 4th and still haven't received it. Reading through everyone's experiences here is actually really reassuring! It sounds like 10-17 days is pretty normal, even though it feels like forever when you're waiting. I'm going to give it until next week (which would be about 15 business days) before I start making calls. Thanks for sharing your timeline OP - it helps to know others are going through the same thing. The direct deposit suggestion for next year is definitely something I'm going to remember!
I spent the last tax season working as a TurboTax Live Full Service Tax Expert, and I've got to say, the concept is solid. You upload your documents, and someone like me handles everything to deliver your completed return in about a week or so. That said, I've noticed certain people probably shouldn't be using this service. First, elderly folks often struggle with the tech requirements. You need to upload your ID for verification and communicate through the app or program. I had several senior clients who were so uncomfortable with technology that I had to recommend they visit a local tax professional instead. They just couldn't navigate the platform effectively enough to complete the process. Second, if you've got a super basic return - single filing status with one W2, no investments, no rental properties, no carryforward items - why pay for full service? TurboTax was literally designed so people with straightforward situations could file without paying someone like me. It takes me about 5 minutes to do these returns. On the flip side, if your situation is extremely complex with multiple partnerships, several business ventures, complicated foreign investments and similar scenarios, you're probably better off hiring a dedicated tax professional. Even if I can handle it, these complex returns take substantial time that could serve multiple other clients. One last thing worth mentioning - as a credentialed tax professional, I follow strict ethical guidelines. I can't and won't put my name on returns I believe contain fraudulent information. I'm not going to report anyone, but I absolutely reserve the right to decline working on a return that seems questionable. Nothing personal, just professional standards.
Anyone know if TurboTax Live Full Service handles crypto mining income well? I started mining last year as a hobby but made enough that I need to report it. No idea if I should do it myself or get help.
I did crypto mining reporting through TurboTax last year (regular version, not Full Service). It handles it as either hobby income or business income depending on your situation. If you're treating it as a business, you'll use Schedule C and can deduct expenses like electricity and equipment depreciation. If it's just a hobby, you report the income but deduction options are more limited.
This is really helpful insight from someone who actually worked on the inside! I'm in that middle ground you mentioned - I have a W-2, some freelance 1099 income, and a few investment accounts. Last year I tried doing it myself with regular TurboTax and got overwhelmed trying to figure out quarterly estimated payments and business deductions. One question - when you say it takes about a week to get the completed return, is that pretty consistent? I'm always nervous about waiting until the last minute, but if I can count on that timeline it would help with my planning. Also, do you know if the Full Service experts handle state returns for all states or are there limitations? I'm leaning toward trying the Full Service this year since my situation has gotten more complex, but I want to make sure I understand what I'm getting into. Thanks for sharing your experience!
QuantumQuest
anyone know if you can split this between different utility companies? got both gas and electric bills ๐ค
0 coins
Connor Murphy
nah its one and done. gotta pick one utility to apply it to
0 coins
GalaxyGuardian
Just wanted to add that the portal not showing the actual dollar amount is normal - they'll include that info on the physical energy draft when it arrives. The amount is typically based on your income level and household size from your application. Also, keep an eye out for it around Feb 17-18 since you're coming up on that 7 business day window from Feb 8th. Mine came in a plain white envelope from Michigan Department of Treasury, so don't accidentally toss it thinking it's junk mail!
0 coins