Does anyone know if Cash App sends the 1099-K forms directly to the IRS? I didn't get one but I did have some side hustle money come in thru Cash App last year. Like around $800 total.

Just to clarify something that might help - when you say you and your husband both have identical amounts on lines 12 and 14, are you filing jointly or separately? If you're married filing jointly, you'd only have ONE 1040 form between the two of you, not separate forms. If you're seeing two separate 1040s with identical line 12/14 amounts and you're married filing separately, then yes, that's completely normal as others have explained - the standard deduction is the same for people with the same filing status. Also, your Cash App transactions for helping your parents and brother are likely just personal transfers, not taxable income, so they wouldn't affect these lines anyway. The confusion might be coming from thinking these personal money transfers need to be reported somewhere on your tax return when they actually don't.

I'm going through the exact same situation right now! Filed my first US tax return in February and got the 5071C letter about 3 weeks later. Completed the identity verification through ID.me on March 3rd, and like you, I've been anxiously checking WMR every day with no updates. It's so frustrating coming from a different tax system where everything was more straightforward! Based on what everyone is sharing here, it sounds like 2-3 weeks after verification is pretty normal, but the waiting is definitely nerve-wracking. I've started checking my transcript instead of just WMR since several people mentioned that updates there first. Hang in there - sounds like we just need to be patient with the process, even though it's stressful when you're not familiar with how the IRS works!

I completely understand your anxiety about this process! As someone who's been helping taxpayers navigate IRS procedures for several years, I can tell you that the 5071C identity verification timeline is unfortunately quite variable, but there are some patterns. Most cases I've seen resolve within 14-21 business days after successful verification, though first-time filers sometimes experience slightly longer processing times due to additional system checks. The key thing is that once you've completed the ID.me verification, your case is in the queue - it's just a matter of waiting for the manual review process. I'd recommend checking your IRS transcript weekly rather than obsessing over WMR, as the transcript will show the actual processing codes (TC 570 for the hold, TC 571 for the release). Given that you verified last week, you're still well within the normal timeframe. Try not to stress too much - the verification process works, it just requires patience!

I'm going through this exact same frustrating experience right now! My transcript shows Pathward received my refund on 2/26, but they're holding it until 2/28 despite having the funds. What really annoys me is that I chose Pathward specifically because they market themselves as being tech-forward and customer-friendly, but this policy feels like the opposite. I called this morning and after a 45-minute wait, the rep confirmed the 3 AM Eastern release time on 2/28 but was completely inflexible about any early release. She mentioned it's an "automated system setting" that can't be overridden even by supervisors. I'm already researching other banks for next year - probably going with a local credit union that several friends recommend. At least now I know to set my alarm for 3:01 AM on the 28th to check if it actually posts on time! Has anyone experienced delays even on the official release date with Pathward, or do they at least stick to their promised timing?

I'm currently experiencing this exact same issue with Pathward and it's incredibly frustrating! My transcript shows they've had my refund since 2/25, but when I called yesterday they gave me the same story about holding it until exactly 2/28 at 3 AM Eastern. What really bothers me is that this seems to be their standard operating procedure, but there's absolutely no mention of this policy anywhere on their website or mobile app. You'd think they would at least warn customers about this during tax season so we could plan accordingly. The rep I spoke with was polite but made it crystal clear that there are no exceptions - not even for long-time customers or small amounts. I'm already looking into switching to a local credit union for next year after hearing how other banks release funds early. At least we have a specific time to expect it, but this whole experience has really soured me on Pathward's customer service philosophy. Thanks for starting this discussion - it's reassuring to know I'm not the only one dealing with this rigid policy!

I'm a tax professional and wanted to add some clarification to help with your situation. Since your divorce was finalized in 2024, you'll file as either Single or Head of Household for your entire 2024 tax year - not Married Filing Jointly as some have suggested. Your marital status on December 31st determines your filing status for the whole year. Given that your daughter lives with you most of the time and you're supporting the household, you should definitely qualify for Head of Household status. This will give you a much better tax situation than Single - the standard deduction for HOH in 2024 is $21,900 vs $14,600 for Single, plus more favorable tax brackets. For someone at your income level ($68,500), switching from Married to Single withholding will likely reduce your take-home pay by about $150-180 per biweekly paycheck. However, this is necessary to avoid a large tax bill next April. I'd actually recommend keeping that extra $50 withholding during this transition year to be safe. Update your W-4 as soon as possible rather than waiting until January. The longer you wait, the more risk you have of underwithholding for 2024. Most payroll systems can implement W-4 changes within 1-2 pay periods, so if you submit it now, you should see the changes by December. Use the IRS Tax Withholding Estimator at irs.gov to get personalized recommendations for your specific situation. It's free and much more accurate than trying to calculate this manually.

As someone who went through a divorce earlier this year, I completely understand the anxiety about how W-4 changes will affect your paycheck. The good news is that while you'll see less take-home pay initially, you're protecting yourself from a much bigger problem - owing a large amount at tax time. Since your divorce was finalized in 2024, you'll definitely want to file as Head of Household for this year (not Single) given that your daughter lives with you most of the time. This status has significantly better tax benefits than Single - you'll get a $21,900 standard deduction vs only $14,600 for Single filers. I'd strongly recommend updating your W-4 immediately rather than waiting until January. Every paycheck you delay increases your risk of underwithholding. When you update it, select "Single or Married Filing Separately" for withholding purposes, but make sure to claim your daughter in Step 3 to account for the tax benefits you'll get from HOH status. That extra $50 withholding you're doing? Keep it for now. You're in a transition year and it's better to get a refund than owe money. You can always adjust it next year once you see how everything works out. The IRS Tax Withholding Estimator at irs.gov will give you the most accurate picture of what your paychecks will look like and help you fill out the W-4 correctly for your specific situation.

As a newcomer to this community, I'm incredibly relieved to have found this thread! I just experienced that same heart-stopping moment of seeing "Internal Revenue Service" on my Informed Delivery notification this morning. I had a marketplace verification soft hold that was resolved back in October 2024, and now I'm seeing regular (non-certified) IRS mail coming my way. Before discovering this discussion, I was absolutely spiraling with anxiety, convinced something terrible was about to happen. But reading through everyone's consistent experiences with CP215 notices arriving 4-6 months after resolution has been tremendously reassuring. The pattern recognition here is remarkable - it's clear the IRS has a very systematic approach to these follow-up letters, even though that initial "IRS" notification can trigger such panic. The weather forecast analogy someone used earlier is perfect - I was definitely bracing for a financial hurricane when it's most likely just administrative sunshine! The fact that so many members have shared nearly identical timelines and outcomes (routine one-page confirmations requiring no action) gives me tremendous confidence this is just bureaucratic housekeeping. Thank you all for creating such a supportive space where real experiences are shared openly - this community has transformed what would have been sleepless nights into manageable anticipation. I'll be checking my online IRS account tonight to see if the letter appears there first!

As a newcomer to this community, I'm so grateful to have found this incredibly supportive discussion! I just experienced that same panic-inducing moment of seeing "Internal Revenue Service" on Informed Delivery this morning after having a marketplace verification soft hold resolved back in September 2024. Reading through everyone's experiences has been like finding a lighthouse in a storm of anxiety - the consistency in timing patterns, CP215 notice outcomes, and that crucial non-certified delivery detail has been tremendously reassuring. Before discovering this thread, I was convinced any IRS mail meant impending doom, but seeing how systematic and predictable their follow-up process actually is has completely calmed my nerves. The weather forecast analogy is absolutely perfect - I was preparing for a financial tornado when it's most likely just partly cloudy with a chance of paperwork! What strikes me most is how this community has transformed what could be an isolating and terrifying experience into something we can navigate together with real data and mutual support. Thank you all for sharing your experiences so openly and creating such a knowledgeable space for those of us dealing with tax correspondence anxiety. I'll definitely be checking my online account tonight and feel so much more confident that this is just routine administrative housekeeping rather than anything serious!