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Protip: call your local taxpayer advocate if it goes longer than 30 days after completion. They can sometimes speed things up
Been there! Mine took about 3 weeks after all bars completed to see the 846 code. The key is checking your account transcript on Fridays when they do weekly updates. Also, make sure your bank info is still current because sometimes they'll hold the refund if there's any mismatch. The waiting is the worst part but you're almost there! π€
Called the IRS this morning and got through after 2hrs on hold. They said OK returns are backed up cause of some new state tax credit verification process. Could take up to 6 more weeks smh
Oklahoma filer here too - filed Jan 15th and just got mine this morning! Hang in there everyone, they seem to be coming through in waves. For those still waiting, I'd definitely recommend checking your transcript like Xan mentioned. Mine showed a 846 code about a week before the deposit hit my account.
That's encouraging to hear! I filed around the same time and still waiting. Quick question - did you have any unusual deductions or credits that might have triggered extra review? Trying to figure out if there's a pattern to who's getting theirs first.
@Oliver Wagner congrats on getting yours! I filed Jan 20th and still waiting. Did you use direct deposit or are you getting a paper check? Wondering if that makes a difference in timing. Also curious what bank you use - some people say certain banks process IRS deposits faster than others.
Filed mine on 2/7 and still waiting here in Lawton. Week 4 now with direct deposit to First National Bank. My return is pretty basic - just W-2 income and standard deduction. Starting to get worried since some people who filed after me are already getting theirs. Anyone else from the Lawton area heard anything? The waiting is killing me since I need it for some unexpected medical bills that came up.
Hey @Jamal Harris, I'm not in Lawton but I'm in a similar situation - filed 2/5 and still waiting on week 5. It seems like the processing is really inconsistent this year. Some people are getting theirs in 4 weeks, others are waiting 6+ weeks even with basic returns. I wouldn't worry too much about people who filed after you getting theirs first - from what I'm seeing it's not strictly first-in-first-out. The new fraud detection system they mentioned seems to be causing random delays. Hopefully yours comes through soon, especially with those medical bills! π€
Filed on 2/4 and got mine this morning! Took exactly 4 weeks to the day. Used direct deposit with Arvest Bank here in Broken Arrow. Pretty standard return - just W-2 and took the standard deduction. I was starting to get anxious since I've been seeing all the posts about delays, but it finally came through. For anyone still waiting, it seems like they really are processing them, just much slower than usual. Hang in there! π
I had this exact issue last year. The problem might be that TurboTax is using the nonfarm optional method calculation by default instead of the regular method. Try this: 1) Go to the Self-Employment Tax section in TurboTax 2) Look for "Optional Methods" or "Methods for Calculating Self-Employment Tax" 3) Make sure it's set to use the regular method, not the optional method The optional method is rarely beneficial unless you have very low profits or losses but want to qualify for Social Security credits. With $58k in earnings, you definitely want the regular method.
Do you know if this affects state taxes too? I'm in California and my state tax bill seems weirdly high as well after entering my K-1 info.
This is a common issue with TurboTax and K-1 forms! The key thing to understand is that Box 14C is only used for the "nonfarm optional method" of calculating self-employment tax, which is almost never beneficial for partnerships with decent profits like yours. Here's what's likely happening: TurboTax is automatically applying the optional method when you enter Box 14C, even though you should be using the regular method based on Box 14A ($58k). To fix this in TurboTax: 1. Go to the Federal Taxes section 2. Find "Self-Employment Tax" 3. Look for a question about "Optional Method" - make sure you select NO 4. Verify that your SE tax is being calculated on the Box 14A amount, not Box 14C The optional method is really only useful if you have very low net earnings but want to ensure you get Social Security credits. With $58k in net earnings, you're way better off with the regular method. Your SE tax should be calculated on roughly $58k, not $81k. If you can't find these settings, try deleting the Box 14C entry temporarily to see if your tax bill drops back down, then re-enter it while specifically declining the optional method.
This is exactly what happened to me! I was panicking when my tax bill jumped by thousands just from entering that one box. Your step-by-step instructions worked perfectly - I found the optional method setting buried in the self-employment section and switched it to "NO." My tax calculation immediately dropped back to what it should be. It's crazy that TurboTax doesn't make this more obvious since most people with profitable partnerships shouldn't be using the optional method. Thanks for the clear explanation!
Benjamin Carter
Last year I had a similar situation that drove me crazy. My WMR showed completed but my transcript wasn't updated for almost two weeks. I called the IRS and they explained that amended returns go through a separate processing system. The WMR tool gets updated from one database while transcripts pull from another. In my case, the money actually arrived in my account even before the transcript updated! Just keep an eye on your bank account - you might be pleasantly surprised.
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Mateo Silva
β’This happened to me too! Money showed up in my account three days before my transcript updated. The IRS computer systems seem to be running on different timelines - like they're in different time zones or something! π Made me realize we shouldn't stress too much about the online tools.
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Omar Zaki
I went through something very similar with my amended return last year! The timing discrepancy between WMR and transcripts is actually pretty common, especially with amended returns that include foreign income. From my experience, the WMR system tends to update first because it's pulling from a different processing queue than the transcript system. Since you filed in February and are now seeing the 3 bars in April, you're actually in a pretty normal timeframe. The foreign income component might add a few extra days to the transcript update, but don't panic - the systems will sync up. I'd give it another week or so before getting concerned. Keep checking your bank account too, sometimes the refund arrives before the transcript even updates!
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