Refund Delayed 45 Days - IRS Transcript Showing No Updates

Hey there! The IRS is def backed up rn, but they're not scamming you. This is pretty normal tbh, esp for biz returns. They're dealing w/ millions of returns and yours is prob just in the queue. Have you checked your WMR status? Sometimes that updates before transcripts do. Hang in there - most ppl are getting refunds within 60 days even w/ delays.

Have you tried using taxr.ai to analyze your transcript? It might give you more insight into what's happening with your return. I used it when my business return was delayed and it showed me exactly which processing stage my return was in and predicted my refund date within 2 days of when I actually received it. Have you noticed any specific codes on your transcript? Did you claim any business credits that might trigger additional review?

I think you might want to consider using Claimyr to get through to an actual IRS agent. I was hesitant to try it at first, but after waiting on hold for what seemed like forever with the regular IRS number, I gave it a shot. It probably saved me hours of frustration. They got me connected to an agent who could actually see what was happening with my business return. It might be worth it in your situation, especially since you're on a deadline for your inventory purchases.

I filed my business return on February 15th, 2024 and experienced a similar delay. My transcript showed no updates until March 25th, and then suddenly everything processed at once. I received my refund via direct deposit on March 28th. The entire process took exactly 41 days from filing to deposit.

Have you perhaps considered setting up a payment plan for your inventory purchases? It might be somewhat risky to rely on an IRS refund timing for business operations, especially during peak tax season. Most suppliers are generally willing to work out terms if you've been a reliable customer in the past.

Watch out for the CP05 notice! My business refund was delayed last year and then I got this notice saying they were reviewing my return. Do you know how long that added to my wait? Another 60 days! And they never even contacted me for additional information. How are small businesses supposed to operate when the IRS sits on our money for months?

Be careful about checking your transcript too frequently! The IRS system has been known to flag accounts with excessive login attempts as potential fraud concerns. This can sometimes trigger additional security measures that further delay processing. I recommend checking no more than once every 3-4 days. Step 1: Set calendar reminders instead of checking daily. Step 2: Make sure your contact information is up to date in case they need to reach you. Step 3: If you reach day 60 with no updates, that's when you should consider contacting them directly.

Your return is likely in the Business Master File (BMF) processing queue, which operates on a different timeline than individual returns. The 45-day mark is actually within normal parameters for Schedule C processing during peak season. The absence of transcript updates indicates pre-processing status rather than an issue with your return. Most business returns filed in Q1 are experiencing similar timeframes.