I'm literally going through this exact same situation right now! 😅 That "Information Not Available" message on my 2024 transcript had me spiraling for the past few days thinking I owed money or made some error. But after reading through all these responses, I'm so relieved to learn this is just standard PATH processing language. It's honestly terrible UX design by the IRS - they really should clarify that this message appears during routine verification, not just when there are actual account adjustments. The fact that your previous years all show $0.00 is definitely reassuring and matches what I'm seeing on mine too. Thanks for asking this question because clearly SO many of us needed this explanation! The waiting is brutal but at least now I know it's normal 🙏

This is such a common concern right now! I'm seeing tons of people with this exact same "Information Not Available" message on their 2024 transcripts. That adjustment language is just the IRS's generic way of saying your return is still being processed - it doesn't mean you actually requested any adjustments or that there's a problem. The fact that your 2021-2023 years all show clean $0.00 balances is actually a really good sign that your account is in good standing. I went through this same panic last year and it turned out to be nothing more than PATH Act processing delays. The IRS transcript system really needs better wording because that message sounds way scarier than it actually is! Try not to stress too much - should resolve itself once they finish their verification process 😊

I completely understand the stress of dealing with a broken printer right before tax deadline! I've been in this exact situation before. One thing I want to emphasize that others have touched on - you really don't need to print everything your tax software generates. Most people only need to print the forms that require original signatures (typically your 1040 and a few schedules). Everything else can usually be kept digital. This can save you a ton of money and reduce the sensitive paperwork you're carrying around. For printing locations, I've had great experiences with public libraries. They're usually the most privacy-conscious and cost-effective option. Many have secure printing systems where documents don't print until you enter a code at the machine, so nothing sits in a queue. Plus librarians are used to handling confidential documents and maintaining privacy. A few practical tips: - Call ahead to confirm their printing services are working - Bring documents on a USB drive rather than emailing them - Print during quieter hours if possible (mid-morning weekdays are usually good) - Bring a folder or envelope to immediately secure your printed documents Don't stress too much about the security aspect - these places handle sensitive documents regularly and have privacy protocols in place. You'll get through this! The important thing is getting your taxes filed on time.

Hey there! I totally feel your pain about the printer dying at the worst possible time - Murphy's Law of tax season, right? 😅 I've used both UPS stores and libraries for printing tax documents, and honestly, libraries are your best bet. Most public libraries have secure printing systems where you upload your documents and they only print when you enter a code at the machine - so nothing sits in a queue where others could accidentally see it. Plus it's super cheap, usually around 10-15 cents per page vs 25-50 cents at commercial places. For privacy, librarians are actually really good about this stuff since they handle confidential documents all the time. They're trained on privacy protocols and won't look at your papers unless you specifically ask for help. One big money-saving tip: don't print everything your tax software spits out! You typically only need the forms that require original signatures (like your 1040 and certain schedules). Most supporting documents can stay digital. Check your software's "what to print" guide - you'll probably find you only need 6-8 pages instead of that massive 30+ page package. Bring your docs on a USB drive, print during quieter hours if possible, and definitely bring a folder to immediately secure everything. You've got this! The deadline stress is real but you'll get through it just fine.

The QBI deduction can definitely be confusing, especially with multiple income sources! One thing that might help is understanding that the phase-out isn't a cliff - it's gradual. Between the lower and upper thresholds, your deduction is calculated using a blend of the standard 20% rule and the more restrictive W-2 wage/property limitation. For your S-corp situation, you're actually in a pretty good position because S-corp shareholder wages DO count toward the W-2 wage limitation test. This means even if you're above the upper threshold, you might still qualify for a significant deduction if your business pays reasonable wages. One strategy some S-corp owners use is optimizing their salary vs. distribution mix. While you need to pay yourself reasonable compensation, having adequate W-2 wages can help preserve your QBI deduction when you're in the phase-out range. Just make sure any salary adjustments still meet the "reasonable compensation" requirements for S-corp shareholders. Have you calculated where your taxable income falls relative to the 2025 thresholds? That would help determine which calculation method applies to your situation.

One aspect of QBI that often trips people up is the "specified service trade or business" (SSTB) rules. If your business falls into categories like consulting, law, accounting, health, or financial services, the QBI deduction phases out completely once you exceed the income thresholds - there's no W-2 wage or property test that can save you. However, many businesses think they're SSTBs when they're actually not. For example, if you're an engineer who owns a manufacturing business, that's typically NOT an SSTB even though engineering services would be. The key is what your business actually does, not your professional background. Also worth noting: if you have multiple businesses and some are SSTBs while others aren't, you calculate QBI separately for each. The non-SSTB businesses can still qualify for QBI even if your SSTB income is completely phased out due to high income. For your S-corp, make sure you're also considering the impact of any rental properties or other passive investments you might have. Rental real estate can qualify for QBI (with some limitations), and this income is calculated separately from your active business QBI, which can sometimes help offset phase-out limitations.

I'm experiencing the exact same cycle 05 transcript situation! My 'as of' date has been bouncing between February 14th and February 21st for about 8 days now, and I was getting really worried until I read through all these incredibly helpful responses. What's been most enlightening is understanding that these date changes are just the IRS system doing its weekly review of our accounts - not necessarily indicating any problems or actual progress. I've definitely been guilty of obsessively checking my transcript every morning like it's going to magically show an 846 code! 😅 I'm also a student waiting on my refund for spring semester expenses (textbooks and lab fees are getting expensive!), so I completely understand the financial stress when you're depending on that money for real school costs. The uncertainty is honestly the hardest part of this whole process. It's really frustrating that the IRS doesn't explain any of this clearly - like how difficult would it be to just add a "under weekly review" status instead of these cryptic date gymnastics that send us all into panic mode? This community has been infinitely more helpful than any official IRS resource I've tried to navigate. Based on what everyone's shared here, it sounds like most people get their DDD within 2-3 weeks of this bouncing pattern starting, which gives me hope! The waiting game is brutal when school payments are looming, but at least now I know this is completely normal processing behavior and not a red flag. Thanks to everyone for sharing your knowledge and experiences - it's made this whole confusing waiting period so much more manageable. Fingers crossed we all see that magical 846 code soon and can stop being amateur transcript detectives! 🤞📚

Hey Connor! I'm also going through the exact same cycle 05 transcript rollercoaster - my 'as of' date has been bouncing between February 6th and February 13th for about 10 days now. I was starting to panic thinking something was wrong with my return until I found this amazingly helpful thread! What's been most reassuring is learning that these date changes are just the IRS doing their weekly review cycle for our accounts, not necessarily indicating problems or progress. I've definitely been guilty of checking my transcript obsessively every morning hoping for that magical 846 code to appear! 😅 I'm also a student desperately waiting on my refund for upcoming tuition and textbook expenses, so I completely understand the financial stress you're feeling. When you're counting on that money for essential school costs, every day of uncertainty feels like forever! It's honestly ridiculous that the IRS doesn't explain any of this clearly - like how hard would it be to just add a simple "under weekly review" status instead of these cryptic date gymnastics that send us all into detective mode? This community has been infinitely more helpful than any official IRS resource I've tried to navigate. Based on everyone's shared experiences here, it sounds like most people get their DDD within 2-3 weeks of this bouncing pattern starting, which gives me hope! The waiting game is absolutely brutal when school payments are due, but at least now I know this is completely normal processing behavior. Thanks to everyone for sharing their knowledge and making this confusing process so much more understandable. Fingers crossed we all see some real movement soon and can stop being amateur transcript analysts! Hang in there - sounds like we're all in this together! 🤞📚

I understand you're in a tough spot, but I'd really encourage you to step back and consider if this is the right move. Even though your employer doesn't require documentation, the IRS still has the final say on what qualifies as a hardship withdrawal, and car loan payments typically don't make the cut unless you're facing imminent repossession that would prevent you from working. Here's what I'd suggest before touching your 401k: Contact your car lender immediately to discuss options - many will work with you on payment deferrals, loan modifications, or extended payment plans, especially if you explain your situation. Also look into refinancing with a credit union, which often offers better rates and terms than traditional lenders. If you absolutely must access retirement funds, consider if your plan allows 401k loans instead (I know you mentioned you're maxed out, but sometimes there are different loan categories). The interest you pay goes back to your own account, and there's no penalty or tax consequences if you repay on time. The math is sobering - that $14,500 withdrawal will cost you roughly $16,000-18,000 after taxes and penalties, plus you lose decades of compound growth. That same amount could be worth $80,000+ by retirement age. If you do move forward despite these risks, document everything showing this withdrawal addresses an immediate and heavy financial need, not just convenience. Keep records of any repossession threats, proof you need the car for work, and evidence you explored all other options first.

I've been following this thread and wanted to add some perspective from someone who works in retirement plan administration. The key issue everyone's touching on is that the IRS has a two-part test for hardship withdrawals: 1) immediate and heavy financial need, and 2) the withdrawal amount doesn't exceed what's necessary to meet that need. While paying off a car loan generally doesn't qualify, there are situations where it might - specifically if you're facing imminent repossession and can demonstrate that losing the vehicle would create severe hardship (like being unable to work, get medical care, etc.). The documentation would need to show the immediate threat and why alternative solutions aren't viable. That said, I'd strongly echo the advice about exploring refinancing first. Many lenders will work with borrowers facing hardship - payment deferrals, term extensions, or even principal reductions in some cases. Credit unions are especially good at this. The long-term cost of the 401k withdrawal (taxes, penalties, plus lost growth) will likely far exceed any savings from paying off the loan early. If you do proceed, keep meticulous records showing: the immediate financial crisis, why the car is essential, what alternatives you explored, and any repossession threats. Even though your employer doesn't require documentation, the IRS might during an audit, and you want to be prepared to justify this as a legitimate hardship rather than just debt consolidation.