A lot of people don't realize that Form 8879 isn't actually sent to the IRS - it's just kept by your tax preparer for their records. It's the authorization form that allows them to e-file on your behalf. The IRS doesn't even receive it directly. So any letter you're getting isn't related to Form 8879 itself, but rather to the return that was filed or amended after you signed that form.

I can relate to your panic - getting any letter from the IRS is nerve-wracking! Based on what you've described, it sounds like your accountant filed an amended return (Form 1040-X) to correct some issues with your original filing, and the letter you're receiving is most likely just the IRS acknowledging they got it. This is totally normal procedure. When the IRS receives an amended return, they typically send an acknowledgment letter (usually a CP21B notice) within 2-3 weeks just to let you know they received it and are processing it. It's not a sign of trouble - just their standard way of confirming receipt. The Form 8879 you signed is completely separate - that's just the authorization form that allowed your accountant to electronically file your return. The IRS doesn't even receive that form directly. I'd suggest calling your accountant to confirm they filed an amendment and ask them to explain what corrections were made. They should have been clearer about this process upfront, but don't worry - acknowledgment letters for amended returns are routine!

can someone clarify wat counts as "deferred compensation" for form 990? our ED has a 457b plan and im not sure if thats supposed to go in subpart F or somewhere else?

This is such a helpful thread! I'm dealing with a similar situation as our nonprofit's treasurer. One thing I'd add about subpart F is to make sure you're being consistent year over year with how you calculate and report these benefits. We had an issue where we were estimating health insurance premiums one way in 2022 and a completely different way in 2023, which created some confusing variances when our auditor reviewed the forms. Now we keep a detailed worksheet that breaks down exactly how we calculate each component of subpart F - retirement contributions, health premiums, life insurance, etc. Also, don't forget that if your organization provides any kind of housing allowance or parsonage allowance to clergy, those typically need to be included in subpart F as well, even though they might be excludable from income tax. The key is documenting your methodology so you can explain it to auditors or the IRS if needed. Good luck with your filing!

quick tip: make sure you verified your identity on ID.me if you havnt already. sometimes that can cause weird transcript messages

I had this exact same issue last month! The "INFO" status with the adjustment message usually means your 2024 return is still working its way through their system. Since you filed recently and your previous years show clean $0 balances, this is most likely just normal processing delays rather than any actual problem with your account. I'd give it another week or two before worrying - mine cleared up automatically and showed the proper balance once processing completed.

Just wanted to share my recent experience with a similar K-1 SSN correction. I had the exact same issue last month and can confirm that you don't need to file a 1065X for just an SSN correction. Here's what worked for me: I prepared a new K-1 with the correct SSN, marked it clearly as "CORRECTED" at the top, and included a simple cover letter explaining it was only an SSN correction with no changes to amounts. Sent it via certified mail to the same IRS service center where I filed the original return. The key thing I learned is to act quickly - the sooner you get the correction to the IRS, the less likely your partner will have issues when they file their personal return. Also make sure to give your partner a copy of the corrected K-1 immediately so they have proper documentation. One tip: I called my state tax department directly to confirm their process, which was slightly different from federal. Worth the 10-minute call to avoid any state-level complications.

I went through this exact situation about 6 months ago with our LLC that's taxed as a partnership. You're absolutely right that you don't need to file a 1065X for just an SSN correction - that would be overkill for this type of error. Here's what worked perfectly for me: I created a new K-1 with the correct SSN, wrote "CORRECTED" in red ink at the top, and included a simple one-page letter explaining that only the SSN was incorrect and no dollar amounts were changed. I referenced our EIN and the tax year, then sent everything via certified mail to the same IRS processing center. The whole thing was resolved without any issues. My partner never heard anything from the IRS about it, and when I followed up a few months later, everything was properly updated in their system. One tip that really helped: I made sure to give my partner the corrected K-1 immediately so they could reference it if any questions came up on their personal return. Fortunately they hadn't filed yet, so it didn't complicate things on their end. Don't stress too much about this - it's really a straightforward correction and the IRS handles these SSN fixes all the time!

If your husband is the only owner of the LLC, did you elect S-corp taxation? Because that would completely change how this all works. With S-corp status, he should be on payroll like a regular employee with withholding that would show up on a W-2 that gets entered directly into TurboTax.

I had a very similar situation with my consulting business last year! The key thing to understand is that with a single-member LLC (which sounds like what you have), the business is "disregarded" for tax purposes - meaning all income and expenses flow through to your personal return on Schedule C. The withholding payments your payroll company made are likely a mix of two things: 1. Employee withholding for your 2 workers (this gets reported on their W-2s and you don't enter it anywhere in your personal TurboTax) 2. Estimated tax payments for your husband as the business owner For #2, you'll find these in TurboTax under "Federal Taxes" > "Payments and Estimates" > "Estimated Tax Payments." You'll need to get documentation from your payroll company showing exactly what payments were made toward your husband's personal tax liability (usually quarterly payments). The payroll company should be able to provide a year-end summary separating employee withholding from owner estimated payments. If they can't clearly break this down for you, that's a red flag about their service quality. Don't let TurboTax push you into their expensive business package - a simple LLC shouldn't need that!