According to IRS Publication 1345 (Rev. 2-2023), tax preparers who offer Refund Transfer products must provide clients with a method to verify fee payment status. Liberty Tax satisfies this requirement through their MyLiberty portal under Section 7216 compliance guidelines. I successfully verified my fee payment by downloading my Liberty Tax receipt from the Documents section of MyLiberty. The document clearly showed my preparation fees ($189), filing fees ($44.95), and the date payment was processed. Their system is fully compliant with IRS requirements.

For anyone dealing with this issue in the future: always keep copies of your fee agreements. Unlike H&R Block or TurboTax which have transparent fee tracking, Liberty's system is less intuitive. Their customer service improves dramatically after April 15th. If you're filing next year, consider asking about their fee tracking options before choosing them as your preparer. Most importantly, calculate your expected refund amount before fees so you can verify if the correct amount was deducted.

Ngl, didn't know TT had this option! Is it worth the $$ tho? Seems like you're paying extra just to get ur own money a few days early. Might be better to just file early and wait the normal time? Idk, maybe I'm missing smth here.

I received my advance deposit today, but I'm a bit concerned... the amount is correct, but the transaction description shows as "Tax Refund Loan" rather than "IRS Refund." Will this potentially cause issues with my bank or affect anything on my credit report? Should I contact TurboTax about this labeling?

According to the IRS operations page (https://www.irs.gov/newsroom/irs-operations), they're still working through a backlog from previous years while processing current returns. The community consensus is that cycle code 05 returns are updating on Thursdays, but not necessarily every Thursday. If you check the IRS2Go app on Thursday nights between 12am-3am, that's when most people report seeing updates.

Just got my refund today. Filed January 28. Cycle code 05. Took exactly 62 days. No explanation. No special codes. Just suddenly processed. Yours might be close too.

Warning about these early access options: • They sometimes show as "pending" then disappear if the IRS flags your return • Several people in my tax group had funds reversed after 7-10 days • The terms allow the bank to withdraw funds if IRS reduces your refund • Some users report credit score impacts if reversals occur • The processing fee is non-refundable even if it doesn't work I've seen too many cases where people spent the money, then faced unexpected clawbacks. Just be cautious.

FYI for anyone wondering - I've been tracking DDD patterns for the last few tax seasons and there's def a pattern. Most ppl w/ PATH get their $$ about 1-2 wks after the Feb 15 release date if they filed in Jan. The TT early option is basically just the bank fronting u the $$ based on their confidence that ur return is legit. Doesn't actually speed up IRS processing at all. SBTPG (the bank TT uses) just takes the risk for a fee.

I just went through this exact situation and here's what you need to do IMMEDIATELY: Step 1: Don't panic, but don't delay either - the IRS expects amendments when you receive additional income documents. Step 2: Wait until your original return is FULLY processed (check Where's My Refund). Step 3: Use Form 1040-X to file your amendment. Most tax software allows you to amend through them if you used them originally. Step 4: Be prepared to wait 16-20 weeks for processing. The IRS is severely backlogged with amendments right now. Step 5: If you owe additional tax, pay it right away to minimize penalties and interest which are accruing DAILY. Don't wait on this - the IRS will eventually catch the missing W2 through their matching program and send you a CP2000 notice with penalties!

According to IRS Publication 17, you are required to report all income regardless of when you receive the documentation. Per IRC §6662, failing to report income can result in accuracy-related penalties of 20% of the underpayment. The key question is whether this additional W2 will significantly change your tax situation - if it results in a refund reduction or balance due, filing an amendment is necessary. If it results in an additional refund, you have up to 3 years to claim it, though filing sooner is advisable.

Amended returns are slow. Always have been. Always will be. Plan for 16 weeks minimum. Could be longer. Don't count on that money coming soon. IRS prioritizes regular returns. Amendments go to a different department. They're processed manually. Even electronic amendments. Budget accordingly for your business.

My amended return took exactly 18 weeks and 3 days to process last year. The IRS received it on March 7, 2023, and I received my refund on July 14, 2023. The system updated at the 6-week mark, the 12-week mark, and then finally at the 18-week mark. The refund was $4,327 less $43.21 in interest penalties for a net of $4,283.79. For business planning purposes, I'd recommend setting a calendar reminder for Week 16 to check the status again, and don't make any financial commitments requiring this money until Week 20.

OMG the PATH message is THE WORST!!! 😤 I waited 6 weeks last year and nearly lost my mind checking WMR every single day. The most frustrating part is that when it finally updated, it went straight from the PATH message to "refund sent" with ZERO warning! And using CashApp might actually make things more complicated - I had my refund rejected by CashApp last year because it exceeded their deposit limit at the time. Had to wait another 3 weeks for a paper check. Check CashApp's limits ASAP to make sure you won't have the same problem!

Based on the 2024 processing calendar, PATH Act returns accepted on January 23rd typically begin mass processing on February 16th. The IRS batch processes on specific days: Monday, Wednesday, and Friday at 12:01am EST. Your 21-day standard processing window officially began on February 16th, not your acceptance date of January 23rd. I would anticipate movement by February 29th at the latest.

I'm somewhat skeptical about all these "normal processing time" explanations. While it's possibly true that EIC returns might take longer, in my experience, when WMR gets stuck at the first bar for more than about 21 days, there's usually some kind of issue that might need addressing. It could potentially be something minor like a verification check, but it might also indicate a possible mathematical error or perhaps an income verification problem. Not to cause unnecessary worry, but it might be worth considering calling to check.

According to the IRS.gov website and several tax forums I've been following, Topic 152 is actually a good sign! It just means you're getting a refund and there are tax credits involved. The IRS2Go app shows the same information as WMR but sometimes updates faster. I was panicking too until I learned that with EIC, this delay is completely normal. The PATH Act was specifically created to give the IRS extra time to verify income for credit claims.

Have you checked your TurboTax account online? There's usually a section called "Refund Status" that gives more detailed information than what Credit Karma shows. In my experience with this exact situation, once the fees are deducted, the remaining amount typically hits Credit Karma accounts the next business day, occasionally stretching to two business days during peak tax season. Right now we're in that post-deadline processing surge, so it might take the full 48 hours. Have you also checked if there's a pending deposit showing in your Credit Karma account? Sometimes it appears there before it's fully available.

I went through this EXACT same thing last week! I was literally checking my Credit Karma account every hour after seeing the fees taken out. It took exactly one full business day for mine to show up - fees were taken Tuesday morning and the deposit hit Wednesday around 10am. I was so worried because I had bills scheduled to auto-pay! The waiting is seriously the worst part, especially when you can see that they've already taken their cut but you're still waiting for yours. Hang in there!

Had the exact same thing happen to me! Got my refund 4 days before WMR updated. I remember frantically checking my transcript every few hours thinking they'd take the money back! My bank (Chase) told me that once the money is in your account, it's yours - even if WMR hasn't caught up yet. The IRS databases just don't talk to each other very well. Enjoy your money and stop checking WMR - you're good!

Anyone using tax prep services with fees taken from refund should know this. Refund goes to third-party bank first. They take fees. Then send remainder to you. Creates confusion with WMR. Did you get correct amount? Check your TurboTax order confirmation. Subtract those fees from expected refund. That's what you should have received.