Just a heads-up that the 3-year limit for amending 2020 returns is coming up soon if you filed on the regular deadline in 2021. If you're gonna file an amendment, don't wait too much longer!

I was in almost the exact same boat last year with a forgotten 1099-NEC from 2019. I kept putting off dealing with it because I was scared of what might happen, but honestly it turned out to be much less scary than I thought. I ended up filing the amended return (1040-X) myself using the IRS Free File software, and it was actually pretty straightforward. The additional tax I owed was only about $85, plus maybe $15 in interest. No major penalties since it was clearly an honest mistake and the amount was small. The hardest part was just getting over the anxiety of dealing with it. Once I actually sat down and did the paperwork, it took maybe an hour total. Filed it electronically and got confirmation that it was processed about 6 weeks later. My advice would be to just bite the bullet and file the amendment sooner rather than later. The peace of mind is worth it, and you'll probably find the actual financial impact is much smaller than you're imagining.

Has anyone noticed discrepancies between what tax software calculates for QBI and what shows up on their transcript? My H&R Block software showed about $1,800 for this deduction but my transcript shows almost $2,400. Is that normal or should I be concerned?

I went through something very similar! The F8995 line on your transcript is actually showing that the IRS automatically calculated and applied your Qualified Business Income deduction - this is a good thing, not something you missed. Since you mentioned you included your K-1 from the partnership, that's exactly what triggered this deduction. The QBI deduction allows you to deduct up to 20% of your qualified business income from pass-through entities like partnerships, S-corps, sole proprietorships, etc. TurboTax should have handled this calculation behind the scenes when you entered your K-1 information. The fact that it shows up on your transcript with that dollar amount means it was properly applied to reduce your tax liability. You don't need to file an amended return - you already got the benefit of this deduction. The "COMPUTER" part just means it was calculated automatically by the IRS processing system based on the information in your return. This is totally normal and happens with many tax calculations.

I had the EXACT same situation - filed HoH in February, 570 code in March. I waited about 3 weeks and suddenly saw the 846 code without ever getting a notice or having to call. Sometimes they just randomly select returns for review and it resolves on its own. Be patient!

I went through this exact situation last year! The 570 code with a 971 notice is super common - it just means they're doing a routine review of your return. In most cases, it's completely automated and resolves itself within 2-4 weeks without you needing to do anything. The -1 balance is just their way of showing you have a credit (refund) coming, but it doesn't show the actual amount on the transcript sometimes. Since you verified your identity on March 10th and your transcript updated on March 15th, you're probably in the clear. The identity verification was likely what triggered the review in the first place. Now they just need to finish processing everything. Keep checking your transcript weekly - you should see either a 571 code (releasing the hold) followed by an 846 code (refund issued), or just the 846 code directly. Based on your timeline, I'd expect to see movement in the next 1-2 weeks. The notice they're sending is probably just a standard "we're reviewing your return" letter. Don't stress too much - this is way more common than you'd think!

Oh my goodness, I'm so glad I found this thread! I've been having the EXACT same problem with my PA refund check! Does anyone know if this means our refunds are delayed, or is it just the status check system that's having issues? I'm really counting on this money soon!

I'm dealing with the same frustrating situation! Filed my PA return on February 28th and still getting the "information doesn't match" error. What's really annoying is that I can see my federal refund status just fine, but PA's system seems to be having major issues. From what I'm reading here, it sounds like this is pretty common this year. I'm going to try waiting another week or two before calling, since it seems like the system just needs time to catch up. Thanks for posting this - at least now I know I'm not the only one! Let us know if yours starts working soon.

One thing nobody's mentioned is that if you believe you're owed refunds, you should act FAST. The IRS only allows you to claim refunds for 3 years after the original due date. So for example, for tax year 2021 (which was due April 2022), you have until April 2025 to claim any refund. After that, the money is gone forever even if you were owed it. I learned this the hard way and lost about $3,200 in refunds from two tax years because I waited too long to file. Don't make my mistake!

Just wanted to share my experience - I didn't file for 3 years and finally got caught up last year. The IRS actually sent me a notice saying they would file a "Substitute for Return" for me, which is BAD NEWS because they calculate your taxes with no deductions except the standard deduction. My advice: - File yourself before they do this - If you already received a Substitute for Return, file your own return anyway to correct it - DON'T ignore any IRS notices!! - They were actually surprisingly reasonable to work with once I started communicating The biggest shock was filing 2020 with all the covid relief - I was owed way more than I expected and it offset what I owed for other years. Definitely check if you got all your stimulus payments!