Been through this with Maryland multiple times! The adjustment is usually something minor like they corrected a calculation error or updated a deduction based on their records. The 48-hour timeline is generally accurate - I've had deposits come through anywhere from 36-50 hours after approval. Your best bet is to check your OneStop portal for any notices explaining the adjustment. If you can't get through on the phone, try the online chat feature during off-peak hours (early morning or evening). Don't stress too much - Maryland adjustments are typically small corrections, not major issues!

I'm in a similar situation right now with my Maryland refund showing "approved with adjustment" status! Reading through everyone's experiences here is really reassuring - sounds like most adjustments are pretty minor things like calculation corrections or rounding errors. The 48-hour timeline seems pretty consistent across different banks too. I'm going to try checking my OneStop account during off-peak hours like some of you suggested. Thanks for all the helpful info everyone - definitely makes the waiting less stressful when you know what to expect!

I've seen dozens of these cases resolve much faster than the worst-case scenarios. Reviews without document requests typically fall into three categories: 1) Identity verification (2-3 weeks), 2) Income verification against employer records (3-5 weeks), or 3) Credit eligibility verification (4-8 weeks). Compared to audit situations that can take 6+ months, yours is likely in a much better position. One client of mine had almost identical circumstances and received their refund in 32 days from the review start date.

I went through this exact same situation two months ago - "under review" with no additional information needed for medical expense planning too. Mine took exactly 47 days to process, which was actually pretty close to the 45-day average mentioned by others here. What helped me was setting up daily transcript monitoring and documenting the timeline for my medical providers. I was able to show them the IRS review status and most were willing to work with me on payment schedules. The waiting is stressful, but the "no additional info needed" language is genuinely a good sign that it's just routine verification. Keep checking for that TC 571 code - when it appears, your refund should follow within days.

Congrats on getting your 846 code! I'm still waiting on mine to update. For what it's worth, my sister got her 846 code yesterday with a 2/24 date and her Chime deposit hit this morning around 9am. So it looks like they're processing pretty quickly right now! I've been refreshing my transcripts obsessively while juggling work and family stuff too - the waiting is honestly the worst part. Fingers crossed yours shows up soon and you can get some relief from constantly checking! 🤞

Just wanted to chime in as someone who's been through this process multiple times! I got my 846 code yesterday with a 2/24 date and I'm also using Chime. Still haven't seen the deposit yet but based on what everyone is saying here, I'm expecting it within the next day or two. The waiting is definitely nerve-wracking, especially when you have bills to pay! I've found it helpful to set up the Chime notifications like someone mentioned earlier - saves me from obsessively checking the app every few minutes. Hope yours comes through soon and you can get that car situation sorted out! The IRS processing seems to be moving faster this year compared to last year's delays.

When I had a similar W2c issue, TurboTax had a specific section for entering W2c information. Is anyone using a particular tax software that handles this well? My accountant charged me extra last year because of all the corrected forms and I'm trying to DIY this year.

I went through this exact same situation two years ago! The key thing to remember is that the W2c completely replaces the information on your original W2. You should only use the corrected information when filing - so yes, use code W with the $13,340 amount. The reason for the code change makes total sense too. Code D is for your own 401(k) deferrals (money taken out of your paycheck), while code W is for employer HSA contributions (money your company puts into your HSA account). Your payroll department probably miscoded it initially. One thing that helped me was calling my HR department to confirm what actually happened. In my case, they had incorrectly categorized the employer's HSA contribution as a 401(k) deferral on the original W2. The good news is that employer HSA contributions (code W) are generally more favorable tax-wise since they don't count as taxable income at all. Make sure whatever tax software you're using has an option for entering W2c information specifically - don't just manually change the numbers from your original W2 entry.

Great question! I went through this exact confusion last year. Your $67.5k distributions should definitely NOT go on line 7 of Form 1120S - that's only for officer compensation (your $60k salary). Here's the correct treatment: - Line 7 (Form 1120S): Your $60k salary as officer compensation - Schedule K-1, Box 16 Code D: Your $67.5k distributions The key thing to remember is that distributions aren't a deductible business expense - they're just you taking out profits that have already been taxed at the corporate level. TaxAct should handle this correctly if you categorize them as "shareholder distributions" in the software. One tip: make sure your books show these distributions coming out of retained earnings or current year profits, not as an expense account. This will help everything flow correctly through the tax software and avoid any confusion during filing.

Just to add another perspective - I've been running my S-Corp for 6 years now and this distributions vs. salary classification is one of the most common mistakes I see new S-Corp owners make. You're absolutely right to double-check this! Your setup sounds very similar to mine. The $60k salary goes on line 7 as officer compensation (and should match your W-2), while the $67.5k distributions only appear on your K-1 in Box 16, Code D. One thing that helped me understand this better: think of distributions as withdrawing money you've already earned and will pay personal income tax on (via the K-1), while salary is a business expense that reduces the S-Corp's taxable income. That's why distributions can't be deducted on the 1120S - they're not an expense, just a withdrawal of profits. Your salary-to-distribution ratio looks reasonable for IRS purposes too. Keep good records of when you took each distribution throughout the year - it helps if you ever get questioned about the timing or amounts.