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Check if you can open a case with USPS. Sometimes they can track it down if its lost
dont bother with usps, they just gonna give u the runaround
Had the same issue last month - my check was mailed on Jan 15th and didn't arrive until Feb 3rd. That's almost 3 weeks! I called the IRS after 2.5 weeks and they said mail delays are super common right now. They can do a payment trace if it's been 4+ weeks, but honestly just hang tight a bit longer. The stress isn't worth it when most checks do eventually show up.
11 Has anyone here used owner financing as a buyer rather than a seller? I'm considering purchasing a property this way and wondering about tax implications from the buyer's perspective.
18 I purchased a property through owner financing last year. The main tax benefit is that you can deduct the interest portion of your payments just like a regular mortgage, assuming you itemize deductions and use the property as your primary or secondary residence. You'll get a yearly statement from the seller (Form 1098) showing how much interest you paid.
One thing to keep in mind with owner financing is the imputed interest rules. If you're not charging adequate interest on the financed portion (currently around 5.5% for long-term AFR), the IRS may impute interest income to you and treat part of your principal payments as interest income taxable at ordinary rates rather than capital gains rates. Also, make sure your purchase agreement clearly states the allocation of the purchase price if there are any personal property items included (like appliances or furniture). The stepped-up basis only applies to the real property portion, so you want to make sure everything is properly documented for tax purposes. Given the complexity of installment sales with inherited property, I'd strongly recommend getting everything reviewed by a tax professional before finalizing the sale agreement. The tax implications can be significant if not structured properly.
Something similar happened to me in 2022. They ended up sending a letter asking for marriage certificate. Might wanna check your mail carefully next few weeks
ugh hope thats not the case but good to know, thx!
Been through this exact same thing! Filed MFJ for the first time in 2022 and had the same pattern - my transcript updated with 570 while my husband's stayed N/A for weeks. Turns out they were just verifying our marriage status since it was our first joint return. The 570 eventually cleared after about 3 weeks and then his transcript updated shortly after. Just be patient, it's totally normal for first-time MFJ filers. The IRS likes to double-check everything when your filing status changes!
Make sure you understand the difference between employees and independent contractors too. If these people are legitimate independent contractors (responsible for their own work methods, use their own equipment, work for multiple clients, etc.), then the tax reporting requirements are different. The company would still need to issue 1099s for payments over $600, but wouldn't be responsible for payroll taxes. That said, from what you described - regular weekly payments that sound like wages - this sounds like employee misclassification, which is definitely something the IRS cares about.
This is a really good point. I've seen so many small businesses try to classify everyone as "independent contractors" when they're clearly employees by IRS standards. They have scheduled hours, use company equipment, are told exactly how to do the work, etc. Classic employee misclassification.
Just want to add something about documentation that might help - even without access to official payroll records, there are ways to strengthen your case. Keep a detailed log of what you observe: dates, approximate amounts you see being handed out, which employees receive cash payments, any overheard conversations about the arrangement, etc. Also, if you have any text messages, emails, or written communications that reference the cash payment system, those could be valuable. Even seemingly innocent messages like "pick up your pay from John's office" or references to "cash bonuses" can help establish a pattern. The IRS investigators are experienced with these situations and know how to build cases from circumstantial evidence. Your firsthand observations as an employee carry significant weight, especially if you can provide specific details about the scope and duration of the scheme. One more thing - document everything you can about the working conditions of these cash-paid workers. If they're clearly employees (set schedules, using company equipment, following company procedures) rather than independent contractors, that strengthens the misclassification aspect of the case.
Kayla Morgan
Ask for a supervisor. Be polite but firm. Get their ID number. Write down everything they say. Call back later if needed. Different departments have different information. The verification department knows more than general reps. Military returns sometimes get flagged differently. There's a specific military tax hotline too.
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Amara Eze
I feel your pain! As someone who's dealt with IRS verification issues before, here's what I've learned: The inconsistent answers you're getting are unfortunately typical because different IRS departments don't always have real-time access to the same information in their systems. My suggestion would be to create an IRS online account at irs.gov if you haven't already - this will show you any official notices or verification requirements directly from their system rather than relying on phone reps who may be working with outdated info. Since your husband is deployed, make sure you have power of attorney documentation ready if you need to handle his tax matters. Also, try calling early in the morning (around 7-8 AM in your time zone) when wait times are typically shorter and you might get more experienced representatives. Document every call with date, time, and what you were told - this creates a paper trail if you need to escalate later. Hang in there - dealing with tax issues while managing military life is incredibly stressful, but this will get resolved! šŖ
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