Same thing is on mine did you get your refund?

Code 898 on your transcript indicates that your refund was offset to pay a debt - this could be for student loans, child support, state taxes, or other federal debts. The $0 amount in the 898 line shows that your refund was reduced to zero after the offset, but you should see another line (usually code 896) showing where your refund money actually went. Check your transcript for any Treasury Offset Program entries that will specify exactly what debt was paid with your refund.

Has anyone used the "check the box" election (Form 8832) to treat their wholly owned LLC differently? My accountant mentioned this might give us more flexibility than just defaulting to disregarded entity status.

I went through this exact same situation last year when our S-Corp acquired a small IT consulting firm. The confusion about where to report the disregarded entity's EIN on the 1120S is totally understandable - there really isn't a specific line item for it. What I learned from our tax preparer is that the key is in the EIN application process. When you applied for the disregarded entity's EIN (Form SS-4), you should have indicated the "responsible party" and the tax classification. Even though an individual SSN was required as the responsible party, the IRS systems link that EIN to your S-Corp for tax reporting purposes. One thing that helped us was keeping a detailed memo in our tax files explaining the acquisition, the disregarded entity election, and how we're treating the income. This documentation proved valuable when we had questions during our S-Corp examination last year. The IRS examiner appreciated having the clear paper trail showing the business relationship. Also, make sure you're consistent in how you handle the 1099 reporting - if the disregarded entity is receiving 1099s under its EIN, just include those amounts in the appropriate income categories on your 1120S. The IRS computer matching systems are pretty sophisticated at tracking these relationships now.

I'm seeing this same pattern with a lot of people getting that "return closed" message from Input Correction ERS/Rejects and panicking (totally understandable!). What's helpful is that everyone who's shared their timeline here got their refund within 2 weeks of that message, with most getting it in 8-14 days. The late night timing seems to be super common too - their automated system just processes whenever they finish reviewing cases. It's frustrating that the IRS uses such confusing language when they could easily say "your return has been reviewed and approved for processing" instead of the scary-sounding "return closed." But based on all the experiences shared here, you should definitely see your refund soon! 🤞

I know exactly how stressful that message can be - I got the same "return closed" notification from Input Correction ERS/Rejects about 5 weeks ago and had the exact same panic! But after going through it, I can tell you it's actually really good news. When they say "closed the return," they mean they finished processing whatever correction or review was needed - not that you're denied. The ERS team handles returns flagged for manual review, so this message means they resolved the issue and your return is moving forward. The late night timing is totally normal for their automated system. I ended up getting my refund deposited 12 days after that message. Don't reply since they said not to, just keep checking Where's My Refund every few days. Your refund is definitely coming - you're actually in the final stretch now! 💰🙏

Has anyone had issues with TurboTax categorizing their 1099-NEC income? I tried entering mine but it keeps putting it under "Other Income" instead of self-employment, which means I'm not getting the right deductions!

I had the exact same confusion when I first got a 1099-NEC! Here's what worked for me in TurboTax: 1. Go to the "Federal Taxes" section 2. Look for "Wages & Income" 3. Select "I'll choose what to work on" 4. Find "Business Income and Expenses" (this is key - don't go to "Other Common Income") 5. Select "Yes" when it asks if you're self-employed or have a business TurboTax will then walk you through creating a Schedule C, which is what you need for 1099-NEC income. It'll ask about your business type (you can put "freelance services" or whatever applies), and then you can enter the income from Box 1 of your 1099-NEC. The important thing is making sure it goes through the self-employment path so you can deduct business expenses and it calculates your self-employment tax correctly. Don't worry if you mess up - you can always go back and delete/redo sections in TurboTax! Good luck with your filing!

Has anyone dealt with the situation where some accounts were individual (not joint) accounts of the deceased spouse? I'm dealing with this right now - some accounts were joint, but others were solely in my husband's name. I'm the executor of his estate, but I'm confused about how to report interest from his individual accounts.

I'm sorry for your loss, Sophia. This is actually a very common situation, and you're handling it correctly by asking for guidance. Since these were joint accounts, you should report all the interest income on your single tax return, even though some 1099-INT forms show your wife's SSN. The key thing to remember is that joint account income belongs to the surviving spouse. Here's what I recommend: 1. Report all interest on Schedule B of your tax return 2. List each payer exactly as shown on the 1099-INT forms 3. Include a brief statement with your return explaining that some 1099-INT forms were issued under your deceased spouse's SSN because she was the primary account holder on joint accounts You do NOT need to file a separate return for your deceased wife in the second year after her death. That would only be necessary if she had income that belonged solely to her estate. Make sure to contact those financial institutions to update the primary account holder information so future tax documents will be issued with your SSN. Most institutions will need a certified copy of the death certificate and may have specific forms to complete. The IRS is familiar with this situation, so don't worry too much about automatic flags - your explanatory statement should resolve any questions.