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pro tip: if id.me fails try early morning or late night. servers less busy
This! Got mine at 5am no problm
If you're still having trouble with ID.me verification, try calling the IRS transcript line at 800-908-9946 instead. Yes it takes 5-10 business days by mail but at least you'll have a definite timeline. I was in a similar crunch for my mortgage and ended up going this route when the online kept failing. Make sure you have your SSN, DOB, and prior year AGI ready when you call. They can also sometimes expedite if you explain it's for a mortgage closing.
Called NFCU yesterday and they said they dont even see pending deposits in their system. Once IRS sends it tho it hits quick usually midnight-3am EST
NFCU member here! Filed 2/3 with PATH 05 and just checked my transcript this morning - still showing as received but not processed yet. From what I've seen in other threads, once IRS actually processes PATH 05 returns (should be around Feb 15th), NFCU is one of the faster banks to deposit. Usually see it hit my account within 24-48 hours of the IRS releasing funds. The waiting is brutal but at least we know NFCU won't hold it up on their end!
You can also pay at your local IRS office in person with a check or money order! Just look up "IRS Taxpayer Assistance Center" near you and make an appointment. I did this last year when I had similar online access issues and it was surprisingly easy. Bring your ID and they'll give you a receipt right there.
Do you need an appointment or can you just walk in? The appointment system online shows nothing available for weeks!
You definitely need an appointment - they won't let you in without one. If the online system shows nothing available, try calling the appointment line at 844-545-5640. Sometimes they have slots that aren't showing online. They also release new appointment times at midnight, so check right after midnight for next-day appointments that might open up. I had to do this and managed to get an appointment for the following week when the website showed nothing available.
Does anyone know if paying late affects your future ability to e-file? I missed my estimated payment last year and had to mail my tax return this year because the e-file system kept rejecting me!
Late estimated payments shouldn't affect your ability to e-file. I've missed plenty of quarterly payments (oops) and still e-file every year. You probably had a rejection for a different reason - maybe a mismatch with your AGI from the previous year or something else in your return.
I finance everything for my HVAC business and always take the full deduction in year 1. Just make sure you're actually using the bike primarily for business. If you're audited, the IRS will want to see evidence that it wasn't mainly for personal use. I keep a simple log on my phone with client visits, addresses, and whether I used my truck or my bike to get there. Also - if you're making good money, look into setting up a Solo 401k. That's been WAY more valuable for reducing my tax bill than any equipment deduction.
Totally agree on the Solo 401k! I started one last year and was able to contribute almost $20k as both the "employer" and "employee" - saved me thousands in taxes and it's actually saving for my future unlike expense deductions.
One thing I haven't seen mentioned yet - make sure you understand the recapture rules if you ever sell the bike or stop using it for business before it's fully depreciated. If you take the full Section 179 deduction now but then sell the bike in a couple years, you might have to "recapture" some of that deduction as ordinary income. Also, since you mentioned your business is booming, consider whether you'll hit the Section 179 phase-out limits. For 2023, the deduction starts phasing out if you purchase more than $2.89 million in qualifying property (which probably doesn't apply to you, but good to know). The financing vs. cash question really doesn't matter - what matters is when you put it in service for your business. Keep detailed records of your business routes and maybe take some photos of the bike loaded with your pet care supplies to help document the business use!
Paolo Marino
Wait ur telling me ID.me verification doesnt even matter? what was the point then smh
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Amina Bah
ā¢its for different systems... because ofc the IRS cant just have ONE verification system that works š
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Andre Laurent
Been there! The frustrating part is that ID.me and TPP are completely separate systems that don't talk to each other. ID.me is for accessing your online IRS account, while TPP verification is specifically for flagged tax returns. When you call 800-830-5084 with your control number 70221424664353, they'll likely ask you questions about prior year tax info, personal details, and specifics from your 2022 return. Make sure you have your 2021 return handy and any documents related to your 2022 filing. The good news is once you complete this verification, your 2022 return should finally process and you'll see movement on your transcript. Just another hoop to jump through in the wonderful world of IRS bureaucracy! š¤·āāļø
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