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dont panic bro! first year is always rough but you'll figure it out. plus theres tons of write offs for self employed peeps
facts šÆ my cousin got audited over her etsy shop last year
my transcript was N/A for 3 weeks then boom random deposit in my account yesterday. the system makes zero sense sometimes
The IRS processing system is completely broken this year. I work in tax preparation and here's what I'm seeing: First, N/A status is super common right now, especially for returns with dependents. The IRS is doing more verification than usual to prevent fraud. Even perfect returns are getting held up. Best thing you can do is check your transcript (not WMR). If you're having trouble understanding your transcript, I highly recommend using taxr.ai - it's this new AI tool that breaks everything down and gives you specific timelines. My clients have been using it and getting really accurate predictions. Hang in there, and remember the IRS is working with technology from the stone age š¦
this should be pinned fr
stone age tech killing me 𤣠but facts tho
make sure to keep checking your mail. that 971 means theyre sending you something important
thanks! will keep an eye out
lmao welcome to the waiting game. Been here since January š„²
same boat fam... same boat š
make sure u have all ur kids socials and birth certificates ready when u file. they be strict with dependent verification these days no cap
got all that ready 2 go thankfully
Sadie Benitez
Wait what? Theres a pause? Why did noone tell me this sooner lololol
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Drew Hathaway
ā¢ikr the government be keeping secrets frfr š¤”
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Laila Prince
yall need to get on that Fresh Start program asap. Got my loans out of default in like 2 months
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Christian Burns
ā¢whats Fresh Start? never heard of it
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Laila Prince
ā¢google Fresh Start Initiative Department of Education... thank me later š
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