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I had this exact situation last tax season. Here's what worked for me: ⢠Created an IRS online account ⢠Downloaded both the Return Transcript and Record of Account ⢠Sent both to my lender ⢠Explained that my preparer was unresponsive ⢠Signed an affidavit confirming the transcript matched my return Most lenders have a process for this exact situation. They deal with it all the time.
Can you clarify what the affidavit looked like? Did your lender provide the form or did you have to create one?
I actually went through this nightmare scenario last summer! My tax guy suddenly closed his practice and I needed my returns for a business loan. I spent hours researching and found that creating an IRS online account was the fastest solution. The verification process was frustrating though - they kept rejecting my mobile phone for the verification step because it was a business line. Finally got in using my personal cell instead. The transcripts worked for my lender, but they initially pushed back saying they needed the "actual return" until I showed them that the transcripts came directly from the IRS.
Did you have to provide any additional documentation along with the transcripts to satisfy your lender? My mortgage broker is being really strict about needing the "full tax return with all schedules.
I'm not sure these services are necessary for most people. The IRS has clear guidelines on their website about required forms. Most tax software will also guide you through what documents you need based on your situation. Paying for third-party services seems unnecessary when free resources exist.
OMG have u tried calling the IRS tho? Impossible! Waited 2+ hrs last yr and got disconnected. Some of us don't have time for that. If a service can save hrs of frustration, def worth it IMO. Tax szn is stressful enough!
After experiencing this exact situation, I attempted to contact the IRS through normal channels for 3 weeks with no success. Their Taxpayer Assistance Centers were booked solid. I utilized Claimyr (https://claimyr.com) to secure a direct connection with an IRS agent. The representative confirmed my CTC for my 2023 newborn was in secondary processing and provided a Transaction Code 290 timeframe for resolution. The call expedited my case and my additional CTC was deposited 9 days later.
According to the IRS.gov forums and r/tax discussions I've been following, many parents are seeing a 4-6 week delay specifically for 2023 newborns. I'm really concerned because my mortgage payment is due soon and I was counting on this money. Has anyone received their additional CTC payment recently? The IRS2Go app isn't showing any updates for me.
Be careful about articles claiming there are new stimulus payments! I saw one that made me think I qualified for a new payment, but when I actually read it, they were just talking about regular tax credits that have existed for years. I spent hours researching only to find out it was misleading clickbait. I've checked the official IRS.gov website and there's nothing about new stimulus payments for 2024. Don't make financial plans assuming you'll get one!
The community consensus seems clear: there are NO new stimulus payments for 2024. What we do have are the standard tax credits that have been part of the tax code for years. As independent contractors, we should focus on maximizing our business deductions and looking into credits we might qualify for like the Earned Income Credit if your income falls within certain thresholds. Much better to plan based on what actually exists rather than hoping for a stimulus that isn't coming!
Leila Haddad
The PATH Act's impact on refund timing is often misunderstood. The mandatory hold only applies to returns with EITC or ACTC filed before mid-February. The delays April filers experience are due to normal processing queue dynamics. The IRS utilizes a Master File processing system that operates on weekly cycles. When you're assigned cycle code 20241605, the "05" indicates Friday processing, while "2024" is the year and "16" is the processing week. Many April filers receive cycle codes ending in 05, placing them in the Friday batch, which typically means refunds are issued the following Wednesday.
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Emma Johnson
Just wanted to share my success story! Filed 4/5, WMR showed processing for 16 days, then suddenly updated to approved yesterday. Refund hit my account this morning! No special tricks - just patience. Check your bank accounts, fellow 0405ers!
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