I went through this confusion last year. Called IRS directly. Spoke with three different agents. Got different answers each time. Finally got clarification. Current law has no monthly payments. Only annual credit on tax return. Proposed changes still in Congress. Not yet passed. Don't budget for monthly payments yet. Hope this helps.

I'm hesitant to rely on any information about this supposed 2024 monthly payment system until it's officially announced by the IRS... perhaps we should focus on what we know for certain? The current Child Tax Credit remains available when filing your 2024 return next year, and if you haven't claimed the 2021 expanded credit but were eligible, you might still be able to amend previous returns within the statute of limitations.

I successfully resolved this exact situation last February using the IRS Get Transcript service. You can request a Wage and Income Transcript which shows all reported W-2 information from employers. The online retrieval system requires multi-factor authentication, but once verified, you can immediately download your transcript. It contains all the data fields from your W-2 (federal income tax withheld, Social Security wages, Medicare wages, etc.) that you need for accurate filing. Just be aware that some state tax information might not be included, so you may need to estimate those portions based on your federal withholding percentages.

Just a heads-up for everyone - if you're planning to get a Wage and Income transcript from the IRS, be aware that employers have until January 31st to submit W2 information, and then it takes the IRS until mid-to-late February to process everything. As of March 26th, most 2023 W2 information should be in their system, but if you worked for a company that requested an extension or filed late, it might not show up yet. If you're in a rush, calling the former employer directly is usually fastest - just be super polite and have your current mailing address ready.

Have you verified if your amendment falls under any of the expedited processing categories? According to IRM 21.5.3.4.7.1, certain amended returns qualify for expedited handling, particularly those with simple adjustments to income reporting. Did your amendment include any changes to credits or just the investment income addition?

I think there's some confusion here about amended return direct deposits. The IRS officially began allowing direct deposits for amended returns in August 2020, but implementation has been inconsistent. What many people don't realize is that the payment method depends on how you filed the amendment - Form 1040-X through e-file can receive direct deposit, but paper 1040-X submissions almost always result in paper checks regardless of providing banking information.

I've been through this exact process before. Here's what will happen next: The IRS received your response form on approximately March 20th, 2024 (based on your timeline). They typically take 4-6 weeks to process these responses. You should see movement on your return around April 17th-May 1st. On April 15th, check your tax transcript (if you can access it). Look for a 971 code with a future date - that's when they'll send you a notice about their decision. About 5-7 days after that date, if approved, your refund should be released. If by May 8th you haven't seen any movement, that's when you should definitely call the IRS directly, as it would indicate your case might need additional attention.

Have you tried checking your tax transcript online? That might show if there's a 570 hold code on your account. I went through something similar last year (because apparently the IRS loves giving independent contractors extra special attention 🙄). When I couldn't get answers from the regular channels, I ended up contacting my local Taxpayer Advocate Service. They can sometimes help push things along when you're stuck in verification limbo. The funny thing is, after all that waiting and stress, they just released my refund suddenly with no explanation. The tax system really knows how to keep us on our toes!

I had this exact issue last year! Here's what worked for me: 1. I filed IRS Form 4852 (Substitute for W-2) along with my tax return. You can estimate the numbers based on your last paystub of the year and what the IRS told you. 2. For state taxes, I did the same thing - filed with estimated numbers from my last paystub. 3. I also reported my employer to the IRS using Form 3949-A for failing to provide a W-2. After I did this, magically my employer found my W-2 and sent it! But even if they hadn't, my taxes were filed on time. The IRS will reconcile any small differences later if the numbers don't match exactly.

I went through exactly 47 days of this runaround last year. My employer claimed they mailed my W-2 exactly 3 times, yet nothing ever arrived. I ended up filing Form 4852 as a substitute W-2 using my December 31st paystub. The state accepted my estimated withholding amount without question. When I finally got the actual W-2 in June (yes, JUNE), the numbers were off by only $12.83. The IRS automatically adjusted my refund without me having to do anything. I'm slightly concerned that more employers are doing this lately... seems like a way to delay paying out refunds.