Check your account transcript not return transcript. Sometimes return transcript takes longer to update but account transcript will show processing status

Same boat here - filed and accepted 2/5, no transcript updates yet either. I've been checking daily (probably too much lol). From what I've read on here and other forums, the IRS is still ramping up their systems for the season. Early filers often get caught in this limbo period. Try not to stress too much about it, though I know that's easier said than done when rent's coming up! Keep checking your transcripts every few days but don't drive yourself crazy with daily checks.

Another consideration that might be helpful for your situation is the potential impact of state taxes when you eventually dissolve. Some states have different rules for S corporation liquidations, and a few states don't even recognize S corporation elections, treating them as regular corporations for state tax purposes. Since you mentioned you're accumulating significant cash reserves, you might want to research whether your state has any specific provisions for S corp dissolutions or if there are ways to minimize state tax impact through timing. For instance, if you're in a state with high income taxes, the timing of when that $15k in I bond interest gets recognized could meaningfully affect your overall tax bill. Also, given that you're in financial services, consider whether keeping the S corp structure makes sense long-term even if you're not actively using it. Some advisors maintain dormant S corps for potential future use, especially if they might want to bring on partners or expand services later. The annual compliance costs might be worth it compared to having to set up a new entity down the road. Just make sure you're meeting any minimum state filing requirements to keep the entity in good standing.

I'm dealing with a similar situation but with a twist - I've been operating my S corp in multiple states and I'm concerned about the complexity of multi-state dissolution. Beyond the federal tax implications you've outlined, each state where you're registered or doing business may have different requirements for final tax returns, franchise tax payments, and formal dissolution filings. One thing I've learned is that some states require you to obtain tax clearance certificates before they'll approve the dissolution, which can add weeks to the process if you have any outstanding issues. And if you have employees in multiple states, the payroll tax complications multiply significantly. Have you considered whether your financial advisory practice has any multi-state implications? Even if you're physically located in one state, if you have clients in other states, you might have nexus requirements that could complicate the dissolution process. I'd definitely recommend getting a clear picture of all your state-level obligations before making the final decision on timing. The I bonds strategy is smart for federal purposes, but make sure to check if any of the states where you operate have different rules for how they treat federal obligations for tax purposes.

I'm dealing with a somewhat related HSA question and wanted to add another perspective here. While everyone's correctly pointed out that you can't use your HSA for pre-marriage expenses, there might be one more angle worth exploring. If your wife's medical bill is still showing as unpaid on her credit report or with the provider, you could potentially help her in other ways that might be more beneficial long-term. For example, if she pays it off quickly (even without HSA funds), she might be able to negotiate a "pay for delete" agreement where the provider removes any negative reporting from her credit. Also, depending on the type of medical tests she had done, there might be appeals options if the insurance denial was based on "medical necessity" or prior authorization issues. I've seen cases where people successfully appealed claims months later, especially for diagnostic tests that revealed important health information. Just another thought since the HSA route is unfortunately off the table! Sometimes the non-tax-advantaged solutions end up being better in the long run anyway.

I hate to pile on with more bad news about the HSA situation, but I wanted to confirm what everyone else has said - the IRS is absolutely strict about the timing rule. I made this exact mistake a few years ago with my husband's dental work from before our marriage and ended up paying the 20% penalty plus income tax on the withdrawal. However, I do want to echo what others have mentioned about negotiating with the provider. That $700 bill might seem set in stone, but medical billing departments often have more flexibility than people realize. When I called about a similar situation, I explained that it was an old bill from when my spouse had high-deductible insurance, and they immediately offered a 25% prompt-pay discount if I could pay it within 30 days. Also, if your wife's income has changed since last year (new job, reduced hours, etc.), she might qualify for the provider's financial hardship program. Many hospitals and clinics will reduce or eliminate bills based on current financial circumstances, not what your situation was when the service was provided. It's definitely worth a phone call before paying the full amount out of your regular savings!

I'm new to this community but wanted to share my perspective as someone who's been through this exact anxiety! I waited almost 6 weeks last year for my refund check and it NEVER showed up on Informed Delivery - not even once. I was literally checking my email 3-4 times a day and getting more stressed each time nothing appeared. When it finally arrived, it came in the most boring plain white envelope I've ever seen - just said "Department of Treasury" in small black text that I almost overlooked completely. The key thing I learned is that IRS/Treasury checks use completely different mail processing that bypasses the normal Informed Delivery imaging system. My postal worker explained that government mail often gets handled separately which is why it's so hit or miss whether these checks show up in your daily digest. Three weeks is definitely still within normal range, especially with how slow mail has been lately due to weather and staffing issues. I'd strongly recommend checking the "Where's My Refund" tool on IRS.gov to get the actual date they mailed it - that's way more reliable than guessing. Don't start panicking until it's been at least 4-5 weeks from that official mail date. Most importantly - do NOT throw away any plain white envelopes right now, even if they look like the most boring government mail ever! Keep checking your physical mailbox daily and try to stop torturing yourself with Informed Delivery for a while. Your check is almost certainly just making its way through the postal system. Hang in there! 💪

I'm new to this community but going through the exact same situation! It's been 2.5 weeks since my refund was supposedly mailed and I've been obsessively checking Informed Delivery every morning getting more anxious each day. Reading through all these experiences has been incredibly reassuring - I had no idea that Treasury checks are so unreliable on the imaging system! It makes so much sense now why everyone has different experiences. The part about those plain white envelopes looking like boring government mail really opened my eyes - I've definitely been suspicious of some generic looking mail lately. Just checked "Where's My Refund" and confirmed they mailed it exactly 18 days ago, so sounds like I'm still in the normal window. Going to try to stop torturing myself with Informed Delivery and just patiently check my physical mailbox. This thread has been such a lifesaver for my tax anxiety - so grateful to find a community that understands this stress! 💙

Just wanted to add - I'm a dental practice consultant, and this situation is actually pretty common. One thing to watch for: if you purchased any specialized dental equipment for the practice that you're taking to the new location, make sure you document the transfer carefully. The IRS might consider this a "sale" from one business to another, which could trigger depreciation recapture if not handled correctly. Your new business would likely need to purchase these assets at fair market value from the old business. Also, don't forget about any security deposits for office space, insurance premiums, etc. Some of these might be partially refundable, which would offset some of your losses.

I went through a similar situation when I had to dissolve my consulting LLC before it generated any revenue. One thing that really helped was keeping detailed records of everything - not just receipts, but also documentation showing the business purpose of each expense and dates when they were incurred. For the IRS filing, since you elected S-corp status, you're absolutely required to file that final 1120-S even with zero income. The IRS computer system is expecting that return based on your election. Miss it and you could face penalties. Regarding your startup expenses, the good news is that dental practice expenses from one location can generally be carried over to another dental practice since it's the same line of business. The key is proper documentation and making sure your new Colorado practice is set up to properly inherit these costs. One tip: consider whether any of your equipment purchases might qualify as assets that can be directly transferred rather than treated as startup costs. Things like dental chairs, computers, or other equipment might be handled differently for tax purposes than purely startup expenses like licensing fees.