Called the IRS yesterday and the rep said depositz are still scheduled for the 17th regardless of the holiday. Hope this helps!

Just wanted to share my experience from last year - my PATH Act refund hit my account on Presidents Day itself even though banks were "closed." Most banks process ACH deposits automatically overnight, so federal holidays don't usually delay them. The IRS sends the money out and your bank receives it regardless of whether their physical locations are open. Should still be good for Feb 17th!

lol its the IRS, expect delays on everything. wouldn't be surprised if it takes till march 🤡

I work at a regional bank and can give you some insight! When the IRS sends deposits with a holiday date, most banks will actually process them early (usually Friday) or on the next business day (Tuesday). The deposit won't just disappear - it's already authorized by the IRS. Your bank's online system might show "pending" over the weekend but it'll clear. I'd check Friday evening and if not then, definitely by Tuesday morning!

I'm not seeing anyone mention this, but you might qualify for the Qualified Business Income deduction (QBI) which could reduce your taxable income by up to 20% of your net profit from this work. It's available to most self-employed people and independent contractors. Since your total compensation wasn't super high based on what you described, this might help offset some of the self-employment tax hit you're facing.

Victoria, your situation is actually pretty common with non-profits that can't afford traditional salaries! The arrangement you described - direct payments to landlord plus gift cards and transit passes - definitely constitutes compensation and the 1099-NEC is the correct form. A few key points for your filing: 1. Report the total amount from the 1099-NEC on Schedule C as self-employment income (don't break down the components separately) 2. You'll owe self-employment tax (~15.3%) plus regular income tax on this amount 3. Keep detailed records of any work-related expenses you can deduct - office supplies, equipment, mileage to/from the charity, etc. Since you mentioned being new to 1099s, remember you may need to make quarterly estimated tax payments next year if you continue this type of work arrangement. The IRS expects taxes to be paid throughout the year, not just at filing time. Also double-check that 1099-NEC amount against your own records to make sure they captured all the benefits you received accurately!

Did you sign something called an 8879 form? That's the e-file authorization. If they refiled without you signing a new one, that's a serious violation of IRS rules. They literally cannot legally submit your return without your signature on that form for each submission.

This is exactly why I switched to doing my own taxes using FreeTaxUSA after a similar experience with Jackson Hewitt a few years back. The lack of communication and surprise fees are unfortunately common with these big chains. One thing that really helped me was requesting a copy of everything before they submitted - including all forms, schedules, and calculations. Most people don't realize they're entitled to copies of their complete tax return before e-filing. This way you can review everything and catch potential issues. Also, for anyone dealing with rejected returns, you can actually check your e-file status directly on the IRS website using their "Where's My Refund" tool. Don't rely on the tax preparer to notify you - they clearly don't always follow through. The IRS usually updates rejection status within 24-48 hours of submission. Sorry you had to go through this, Sofia. Definitely file a complaint with the IRS using Form 14157 like others mentioned. These preparers need to be held accountable for this kind of unprofessional behavior.

Whatever you do, make sure you file an FBAR form if your foreign accounts total over $10,000 at any point during the year. The penalties for not filing are ridiculous - like $10,000 per violation even if accidental! Also look into Form 8938 requirements which is separate from FBAR but also mandatory for foreign accounts.

This is such a complex situation - I'm dealing with something similar after moving from Canada last year! One thing I learned the hard way is that you should definitely get professional help before making any major decisions about your Spanish funds. The PFIC rules mentioned above are absolutely brutal - I had no idea foreign ETFs could be taxed so harshly until I got hit with it. My Canadian index funds that seemed so innocent ended up costing me way more in taxes than I expected. Before you sell everything, I'd suggest getting a detailed analysis of each fund to see which ones are actually PFICs and what your options are. Some funds might qualify for QEF elections that could save you significant money, while others might be better to sell immediately. Also, don't underestimate the reporting requirements - between FBAR, Form 8938, and Form 8621 for each PFIC, the paperwork alone is overwhelming. But the penalties for getting it wrong are severe enough that it's worth investing in proper guidance upfront. The timing suggestions about December vs January sales are smart too - every bit of cash flow help matters when you're navigating your first year of US taxes!