I had the exact same experience with the ID verification after switching from TurboTax to FreeTaxUSA this year! It's definitely frustrating when you've been filing the same way for years and suddenly get flagged. One thing that helped me track progress was setting up the IRS online account to view my tax transcript - it shows much more detail than Where's My Refund. Look for codes like 971 (which indicates identity verification) and 570 (which means your account is frozen pending verification). Once you see a code 571, that means the freeze has been released and your refund should process within a few days. The whole process took about 12 business days for me from verification to actual refund deposit. I know it's nerve-wracking when you're used to getting your refund on schedule, but it sounds like you did everything correctly. Just give it a few more days and you should see movement!

This is such a relief to read! I'm going through the exact same thing right now - filed with FreeTaxUSA for the first time after years of using TurboTax, and got hit with the ID.me verification request. I was so worried I'd done something wrong or that my return was flagged for audit. I completed the ID.me process about a week ago and have been obsessively checking Where's My Refund every day with no updates. Reading all these experiences makes me feel so much better - it sounds like 7-14 business days is totally normal for the verification processing. I'm definitely going to set up that IRS online account to check my transcript like others suggested. It's frustrating that the IRS doesn't communicate these timelines better, but at least now I know this is just part of their new security measures and not a sign that something's wrong with my return. Thanks everyone for sharing your experiences!

I actually maintain a spreadsheet for exactly this purpose! After getting burned by surprise non-qualified dividends a few years back, I started tracking the treaty status for different countries. The IRS doesn't make it easy, but here are some key resources I've found helpful: 1) Publication 515 (Withholding of Tax on Nonresident Aliens and Foreign Entities) has the most comprehensive treaty information 2) The IRS website has a "United States Income Tax Treaties - A to Z" page that lists all treaties, but you have to dig into each one to see if it includes the information exchange provisions 3) Most importantly, look for treaties that reference "Article 26" or similar language about "Exchange of Information" - that's usually the qualifying provision From my research, countries like Canada, UK, Germany, Netherlands, and most EU countries have the comprehensive treaties that allow OTC stocks to produce qualified dividends. Meanwhile, China, Japan (surprisingly!), and several other Asian countries have basic treaties that don't include the required exchange provisions. One thing that really surprised me was that some countries you'd expect to have comprehensive treaties (like Japan) actually don't for this specific purpose. It's not necessarily correlated with how developed or trustworthy the country is from a trade perspective. Happy to share my spreadsheet template if anyone's interested - just took me forever to compile all this info and would hate for others to have to start from scratch!

This thread has been incredibly enlightening! I've been holding TCEHY for about two years now and just accepted that the dividends were non-qualified without really understanding why. The explanation about China's tax treaty lacking the specific "exchange of information program" provision finally makes it clear. What's particularly frustrating is that this seems like something that should be much more transparent upfront. When you're researching foreign stocks on broker platforms, they'll show you all sorts of data about the company, but nowhere does it clearly indicate "hey, by the way, dividends from this stock will be taxed at your ordinary income rate instead of the preferential rate." For those of us building long-term dividend portfolios, this can significantly impact the after-tax returns. I'm now wondering if I should reconsider some of my Chinese ADR positions and maybe look at alternatives that trade directly on major US exchanges instead of OTC. @Geoff Richards - I'd also love to get a copy of that spreadsheet template if you're willing to share it! Having a clear reference for which countries have qualifying treaties would be invaluable for future investment decisions. It's amazing how much research we have to do ourselves on tax implications that really should be more readily available.

I was in the same boat last year with tons of mileage from gig work. FreeTaxUSA let me add all my mileage expenses on Schedule C for free. Just make sure you have your total miles driven for business, your total overall miles for the year, and the dates you started and stopped using your car for business. The standard mileage rate is usually the best option unless you have a really expensive car with high maintenance costs.

Just wanted to add that TurboTax Free Edition also supports Schedule C for reporting your 1099-NEC mileage, though they do try to upsell you to their paid version pretty aggressively. I used it last year for my contractor work and it walked me through the mileage deduction step by step. One tip that saved me - when you're entering your vehicle information, make sure you select "started using for business" as the date you actually began doing contract work, not when you bought the car. This affects how much depreciation you can claim if you go the actual expense route instead of standard mileage. Also keep in mind that if you use your car for both personal and business, you can only deduct the business portion. So if you drove 15,000 business miles out of 25,000 total miles, you can only deduct 60% of your car expenses.

The community consensus on late W-2s is pretty clear: always amend, but don't stress too much about it. Most people see their amendments processed within 4-5 months, and the IRS generally doesn't apply penalties when you voluntarily correct your return. Just make sure you're using the latest Form 1040-X (the form was updated in January 2024), and if you e-file the amendment, you can track its status through the Where's My Amended Return tool after about 3 weeks.

I went through this exact situation two years ago with a late W-2 from my graduate assistantship that showed up in May. Here's what I learned: definitely file the amendment, but check if there was any federal tax withheld on that W-2 first. In my case, the university had withheld $340 in federal taxes that I hadn't claimed on my original return, so even though I owed an additional $180 in taxes from the income, I actually got a net refund of $160 from the amendment. The whole process took about 18 weeks from filing to receiving my amended refund check. Also, make sure to keep detailed records of when you received the W-2 versus when you filed originally - this documentation helped when the IRS asked about the timeline during processing.

If you're looking for the absolute simplest option and your income isn't super high, don't overlook a traditional IRA. Sure, the contribution limit is lower, but the paperwork is minimal compared to a Solo 401k. I spent 15 minutes opening an IRA online versus the 3 weeks it took to properly set up my Solo 401k with all the required documentation. When I started out with 1099 income around $40k, the IRA was actually enough to make a meaningful tax difference. As my income grew, I eventually switched to the Solo 401k for the higher limits.

Great breakdown everyone! As someone who also went through this decision process recently, I'd add one more consideration: make sure you factor in your state tax situation too. Some states don't tax retirement contributions the same way the feds do. Also, @Emma Morales, with your $85k income level, you'll likely benefit most from the Solo 401k. Quick math: you could potentially contribute the full $23k employee contribution plus around 20% of your net self-employment income as the employer contribution (after accounting for self-employment taxes). That could easily be $35k+ in total tax-deferred savings. One tip that saved me time - many brokerages now have streamlined Solo 401k applications that walk you through everything step-by-step. Fidelity and Schwab both made the process much easier than I expected. The key is just getting started before December 31st if you want to make contributions for the current tax year.