Thanks for all the helpful advice everyone! @Royal_GM_Mark I think @Logan Greenburg hit the nail on the head - your timing issue is likely the main culprit here. Since you started your business in October but didn't file the 2553 until February, you definitely need to include that reasonable cause statement when you resubmit. I'd also recommend combining a few of the strategies mentioned here: 1) Include the detailed reasonable cause statement explaining the late filing, 2) Use the correct state-specific fax number from the current form instructions, and 3) Follow up with a call using one of those callback services to confirm receipt and get a timeline. The good news is that the IRS is generally pretty forgiving with late S-corp elections when you provide a reasonable explanation. Just be honest about not understanding the deadline requirements initially. Most small business owners don't realize how tight that 2 month 15 day window is!

I've been through this exact scenario with multiple clients as a tax preparer. The key thing to understand is that Form 2553 rejections are often administrative rather than substantive issues. Based on your timeline (business started October 2023, 2553 filed February 2024), you definitely need to include a reasonable cause statement for the late filing. The IRS is actually quite reasonable about accepting these when you provide a clear explanation. Here's what I recommend for your resubmission: 1) Attach a separate page titled "Reasonable Cause Statement" explaining you weren't aware of the 2 month 15 day deadline and filed immediately upon learning about it from your accountant, 2) Double-check you're using the correct fax number for your state from the current form instructions, 3) Keep detailed records of when you fax it (date, time, confirmation page). Most importantly, don't panic about your business return. The IRS rarely reverses an accepted business return in these situations. Your personal return will just need to be resubmitted once the 2553 is processed, which typically takes 4-6 weeks after they receive it.

I'd be very wary about giving any financial info, including transcript access, to any tax advice sites. Make sure they're secure and legit.

Based on what I'm reading here, it sounds like your refund is probably coming as a paper check instead of direct deposit. The former IRS employee who commented seems to confirm this is standard practice for amended returns - their processing system doesn't interface well with direct deposit. Since your transcript shows the 846 code with 02-24-25, I'd expect the check to arrive sometime this week or next. The USPS can add several more days to delivery. If you don't see anything by March 15th, then definitely try calling or using one of those callback services people mentioned. The waiting is frustrating but it sounds like everything is processing normally on the IRS side.

I wouldn't rely solely on the transcript date... Sometimes there can be banking delays or processing issues that aren't reflected in the IRS system. Maybe check your bank's pending deposits section? That's usually more reliable than the IRS estimates. I've seen people get disappointed when expecting it on the exact date.

I can relate to your frustration with the amended return process - it's been a nightmare for so many people this year! The good news is that code 846 is basically the IRS saying "we're cutting you a check." I've been through this exact scenario twice now, and both times the transcript date was spot on. My refund hit my account at exactly 5:32am on the date shown. The WMR tool is honestly pretty useless - I think they keep it running just to give people something to check, but the transcript is where the real action is. Since you mentioned this is an amended return, that 846 code is even more meaningful because it means they've finished reviewing all your changes and approved everything. You should definitely get your money on 4/10!

23 One thing nobody mentioned - check if you used direct deposit! I freaked out about my missing W2 last year only to realize my employer had enrolled everyone in paperless W2 delivery. The form was sitting in my work email the whole time with a subject line that looked like spam so I'd ignored it. Worth checking your email thoroughly and searching for terms like "W2" or "tax document" before going through all the replacement hassle.

Another option to consider is contacting your state's Department of Revenue if you're really stuck. Many states require employers to file wage information with them as well, and sometimes they can provide wage and withholding details faster than the IRS. I had to do this once when both my employer and the IRS were being unresponsive. Also, if you do end up filing Form 4852, make sure to keep detailed records of all your attempts to get the actual W2 from your employer - dates you called, who you spoke with, etc. The IRS appreciates documentation showing you made good faith efforts to get the real form first. And don't forget - if you're expecting a refund, there's no penalty for filing late! The penalties only apply if you owe money and file after the deadline. So while it's stressful, you won't face financial penalties if you just need more time to get your documents sorted out.

I'm going through the exact same thing right now! Filed in March, got the 570 code in May, and it's been sitting there ever since with that constantly changing "as of" date. It's so frustrating when you're expecting money and have no idea what's causing the delay. From what I've learned lurking in these forums, the 570 code basically means they put a hold on your account for some reason - could be anything from a simple verification to a random review. The good news is that most people eventually get their refunds, it just takes way longer than it should. I've been checking my transcript religiously every week and calling the IRS whenever I can get through (which is basically never). Haven't received any letters either. One thing that's helped my sanity is knowing I'm not alone - seems like tons of people are dealing with this same issue this year. The IRS is clearly still backed up from everything that's happened the past few years. Keep checking your transcript and hopefully we'll both see that magical 571 code soon that releases our refunds! This whole process is such a nightmare but at least there's light at the end of the tunnel for most people.

I'm going through this exact same nightmare! Filed in February, accepted immediately, and I've had a 570 code sitting on my transcript since April with absolutely no explanation. The "as of" date keeps updating every few weeks but nothing else changes - it's maddening! What's really frustrating is that I can't get through to anyone at the IRS to find out what's actually wrong. I've tried calling probably 20+ times and either get the "high call volume" message or get disconnected. Haven't received a single letter from them either. Reading through all these comments has been both helpful and terrifying - helpful to know I'm not alone, but scary seeing people wait 6+ months! I'm definitely going to try some of the suggestions here, especially the Taxpayer Advocate Service since I'm way past the 45-day mark. Has anyone had success with just waiting it out vs. being proactive about calling? I'm torn between being patient and driving myself crazy trying to reach someone. This whole situation is such a mess when you're counting on that refund money!