Can you try reaching out to any former coworkers? They might be in the same boat and maybe one of them has managed to get their W2 or has better information. Sometimes different employees get different results when pestering former employers. Also, don't forget you can request a tax transcript directly from the IRS as another way to verify if wages were reported under your SSN. Oh wait, you already did that... sorry missed that part. Yeah, sounds like they never filed anything.

You might also want to consider filing a complaint with your state's Department of Labor if your former employer is still dodging their responsibilities. Many states require employers to provide W-2s even after closing, and some have penalties for failing to do so. In the meantime, definitely go with Form 4852 as others have suggested. One tip that helped me in a similar situation: if you remember your hourly rate or salary, multiply that by the hours/months you worked to get your gross wages. Then use online tax calculators to estimate what would have been withheld based on your income level and filing status. Also keep any emails or documentation showing you tried to get the W-2 from your employer - this proves you made good faith efforts to get accurate information, which the IRS appreciates if they ever have questions. Don't let this stress you out too much. The IRS deals with these situations regularly, especially with all the business closures in recent years.

One important detail that hasn't been mentioned: check Box 6 on your 1099-C form. It should have a code that indicates the reason for the cancellation of debt. Code A means bankruptcy, Code B is for other judicial debt relief, Code E indicates expiration of collection statute, etc. This code can help determine if you might qualify for an exclusion. Also, verify that Box 4 (debt forgiveness date) shows 2024 - if it shows 2023, that would mean it should have been reported on last year's taxes, not this year's.

This is a really stressful situation, but you're definitely not alone - late-arriving tax documents happen more often than people think! The key is acting promptly now that you have the 1099-C. First, definitely verify the information on the form is accurate (amount, your SSN, the date). Then, as others mentioned, you'll likely need to file Form 1040-X to amend your return. However, before you panic about owing money, check if you qualify for any exclusions - insolvency is a common one where if your total debts exceeded your assets when the debt was canceled, you might not owe tax on it. The IRS has worksheets to help calculate this. If you do owe additional tax, file the amendment ASAP since interest accrues from the original filing deadline. Consider consulting a tax professional if the amount is substantial or if you're unsure about potential exclusions.

Just to add another data point - I've been filing my single-member LLC taxes for 8 years and always put my business account interest on Schedule C line 6. Never had an issue with the IRS about it. As long as it's truly interest from your business account, you're doing it right.

This thread has been really helpful! I'm in a similar situation with my single-member LLC and was making the same mistake of letting my tax software push the business interest to my 1040. Based on all the advice here, I'm confident now that Schedule C line 6 is the right place for interest from my business checking account. It makes sense - if the money is in a business account, the interest it earns is business income. Thanks everyone for sharing your experiences and the various resources. It's reassuring to see so many people confirming the same approach, especially those who've been doing it successfully for years without IRS issues.

Wait, I just realized something... did you account for depreciation recapture? If you've been taking depreciation deductions on the rental property (which you should have been), then part of your gain might be subject to depreciation recapture at a 25% rate rather than the lower capital gains rates. This gets reported on Form 4797.

Great question! I went through something very similar with my LLC property sale last year. Here's what I learned: you're NOT paying capital gains tax twice. The $53k gain from the property sale flows through to you and your partner based on your ownership percentages (50/50 in your case). Each of you will report $26.5k of capital gain on your personal tax returns via Schedule D and Form 8949. The key thing to understand is that your withdrawal of $26.5k isn't a separate taxable event - it's simply you taking out your share of the proceeds. Your original $15k investment becomes part of your "basis" in the LLC. When you withdraw $26.5k, you're essentially getting back your $15k investment plus your $11.5k share of the gain, but you only pay tax on the gain portion once. The LLC will issue you each a Schedule K-1 (Form 1065) showing your share of the capital gain. Make sure to also consider if you've been taking depreciation deductions on the property - if so, you'll need to account for depreciation recapture on Form 4797, which gets taxed at 25% rather than the typical capital gains rates.

Instead of trying to get the refund back (which is difficult once offset), you might want to adjust your withholding for the rest of 2024 to get more money in each paycheck. This approach worked better for me than fighting the offset system for months. It's like choosing to take a different route when the main road is blocked - you'll still reach your destination (getting your money), just through a different path. Michigan's offset appeals success rate is much lower than simply adjusting your tax situation going forward.

I went through this exact situation in Michigan last year! First, check if you received a "Notice of Offset" in the mail - it's legally required and should specify which agency claimed your refund. If you haven't gotten it yet, call Michigan Treasury at (517) 636-4486 and ask for the offset department directly. They can tell you which agency has your money and provide contact info. For recovery, you have a few options: 1) If it's a mistake, file Form 4419 with documentation proving the debt isn't yours, 2) For hardship cases, contact the collecting agency (not Michigan Treasury) to request a hardship review - you'll need financial statements and proof of hardship, 3) If it's child support, contact Friend of the Court immediately as they have specific procedures. The key is acting fast - most agencies have 60-90 day windows for appeals. Don't waste time with general customer service lines; go straight to the offset/collection departments of the specific agency that took your refund.