A quick tip that nobody mentioned yet - keep ALL of your rollover documentation forever! I did a rollover in 2013 and got questioned about it during an IRS review in 2020 because there was some discrepancy in how it was reported. Having all my original paperwork saved me from a huge headache.

Great advice from everyone here! I went through a similar situation last year and want to emphasize one thing that caught me off guard - timing matters for the reporting even though the transactions aren't taxable. I received my 1099-R in January for a rollover I completed in March of the previous tax year, but I didn't get the final confirmation paperwork from my new 401k provider until February. Make sure you have all the documentation from both the distributing and receiving institutions before you file, even if you're not paying taxes on the rollover itself. Also, if you're using tax software, don't skip entering the 1099-R information just because the taxable amount is zero. The software needs that info to properly report the rollover and avoid any IRS matching notices later on. I learned this the hard way when TurboTax kept asking me about "missing" retirement distributions that I thought I could ignore.

This is such a timely post - I'm experiencing the exact same thing! Topic 152 disappeared from my WMR three days ago and I've been anxiously checking multiple times per day since then. As someone who also does gig work (primarily Lyft and some food delivery), I completely understand the stress of waiting for that refund when you have vehicle expenses that can't wait much longer. Reading through all these responses has been incredibly reassuring. It sounds like Topic 152 disappearing is actually a positive sign that we're in the final stretch of processing. The consistent pattern everyone is describing - disappearance followed by DDD within 3-8 days - gives me hope that we should see movement soon. I'm definitely going to shift my focus from obsessively checking WMR to monitoring my transcript for that 846 code. It's clear that the transcript updates are much more reliable indicators of what's actually happening behind the scenes. Thanks for posting this question - it's exactly what I needed to see today to calm my nerves about the process!

I'm experiencing this exact situation right now! Filed on February 2nd and Topic 152 just disappeared from my WMR yesterday morning. As a newcomer to this community, I was honestly panicking when I saw it vanish with no explanation, but reading through all these responses has been incredibly reassuring. I'm also a gig worker (mainly Grubhub and some Uber) and have been counting on my refund to cover some essential car maintenance - my transmission has been acting up and I can't put off the repair much longer. The stress of waiting when you depend on your vehicle for income is real! Based on everyone's experiences shared here, it sounds like Topic 152 disappearing is actually a positive sign that our returns are moving through final processing. The consistent timeline of 3-8 days that people are reporting gives me hope that I should see movement soon. I'm definitely going to follow the advice about focusing on transcript updates rather than obsessing over WMR - sounds like the 846 code is what I should really be watching for. Thanks to everyone who shared their experiences, especially the fellow gig workers who understand the unique stress of this situation. It's such a relief to know this is normal and typically leads to good news!

Same thing happened to me last year! Jackson Hewitt denied my RAL even though I had been approved before. Turns out the IRS had put a hold on my return for income verification - had nothing to do with my credit. The tax prep places can't approve the loan if the IRS has any flags on your return, even if they don't tell you about it upfront. Try checking your account transcript on irs.gov to see if there are any indicators or codes that might explain what's going on. Sometimes there's stuff happening behind the scenes that the tax office doesn't even know about.

This is so frustrating! I'm going through the exact same thing with Jackson Hewitt - denied twice when I was approved easily last year. My refund is around $4,800 and I can't figure out what changed. Reading through these comments about IRS flags and income verification makes me think that's probably what's happening. Has anyone had luck calling Jackson Hewitt directly to ask why they're denying? Or is it really just a matter of waiting for the IRS to clear whatever review they're doing? I'm tempted to try that taxr.ai thing everyone's mentioning just to get some answers instead of being left in the dark.

I just wanted to add that you should also check if your mom needs to do anything on her end. Since she sent the money, PayPal might have records showing it came from her account. If the IRS ever questions the gift, having her bank records showing the transfer from her account to PayPal, and then PayPal's records showing the payment to you, creates a clear paper trail. Also, for future reference, most payment apps now have better warnings about the difference between personal and business payments. PayPal has gotten much better at explaining the tax implications before you select the payment type. Venmo and Cash App have similar warnings now too. One more tip - if you're using tax software, look for sections labeled "1099-K reporting" or "third-party payment processors." Most of the major tax prep companies have added specific guidance for these exact situations since so many people are dealing with gift payments being incorrectly reported as business income.

I've been through this exact situation and understand how stressful it can be! The important thing to remember is that gifts are not taxable income to the recipient, regardless of how they were processed by payment platforms. Here's what I recommend: First, gather all documentation showing this was a gift - text messages with your mom discussing the financial help, any emails about your job situation, bank statements showing the timing of when you were between jobs, etc. Then when filing your taxes, you'll need to report the 1099-K amount but immediately offset it as a non-taxable gift. Most tax software now has specific sections for handling these PayPal/Venmo reporting errors. Look for "Third-party payment processor" or "1099-K" sections where you can enter the amount and then categorize it properly. You'll want to include a clear description like "Family gift for living expenses incorrectly reported as business payment." Also consider having your mom write a simple letter confirming the gift - it doesn't need to be formal, just something stating she sent you $2100 in November as financial assistance during your job transition. Keep this with your tax records for at least three years in case of any IRS questions. Don't panic about this - with the new 1099-K reporting thresholds, the IRS is seeing these situations constantly. As long as you're transparent about what happened and have documentation, you should have no issues!

This is such a common issue unfortunately! The same thing happened to me two years ago with my refund. What I found helpful was setting up text alerts through my bank so I'd know immediately if any deposits were rejected - turns out they had flagged it as "unusual activity" since I'd never received a deposit that large from the government before. One thing that might help while you're waiting: if you have a smartphone, you can also download the USPS mobile app in addition to Informed Delivery. It sometimes updates faster than the email notifications and you can track any mail pieces that have tracking numbers. Also, just a heads up - when the check does arrive, make sure to deposit it as soon as possible. IRS refund checks are only valid for one year from the issue date, but banks sometimes hold them for longer verification periods since they're government checks. Most people don't have issues, but it's good to know just in case! The waiting really is the worst part, but hang in there - once that 846 code shows up on your transcript, you're in the home stretch! 🤞

I've been through this exact situation twice now! Once in 2022 and again last year. Both times my credit union rejected the direct deposit (they said it was their fraud protection system being overly cautious with large government payments). Here's what I learned from both experiences: **Timeline**: Once your transcript shows code 846 with a date, the check typically arrives 7-12 business days later. My first one took 9 days, the second took 11 days. **Transcript updates**: Yes, your transcript will definitely update with the 846 code and the exact date they mail the check. This is way more reliable than calling the IRS phone line. **Mail tracking**: Definitely sign up for USPS Informed Delivery like others mentioned - it's free and you'll get an email every morning showing images of what mail is coming that day. Total game changer for your peace of mind! **Bank issues**: For future reference, you might want to call your bank and let them know to expect tax refunds. Some banks will put a note on your account to prevent future rejections. I know the waiting is stressful when you need the money, but the paper checks are pretty reliable once they're in the mail. Keep checking your transcript every couple days for that 846 code - once you see it, you can start the real countdown! 🤞