I tried doing this last year and it backfired on me. My employer messed up the W-4 change and didn't withhold enough. Just make sure you check your paystubs after submitting the new W-4 to confirm the additional withholding is actually happening!!!

This is exactly what I did when I started my consulting work alongside my full-time job! One thing that really helped me was keeping detailed records of my 1099 income and expenses throughout the year in a simple spreadsheet. This made it much easier to adjust my withholding if my freelance income was higher or lower than expected. Also, don't forget that you can deduct business expenses from your 1099 income (home office, equipment, software, etc.), which will reduce the amount you actually owe taxes on. Make sure to factor this into your withholding calculations so you don't over-withhold. The key is to be conservative in your first year - it's better to get a small refund than to owe money and potentially face penalties. Once you get a feel for your actual 1099 income patterns, you can fine-tune the withholding amount for following years.

Check your bank too. Not just WMR. Some banks hold IRS deposits. Mine shows pending two days early. Credit unions often faster. Big banks sometimes slower. Weekends delay everything. Tuesday DDDs are most reliable. Friday DDDs can mean Monday actual deposit. Transcript is most accurate source.

Great question! I've been tracking this pattern for the past few years as well. In my experience, WMR typically updates to "Refund Sent" about 1-2 days before your actual DDD, but there can be some variation. I've noticed that if your DDD falls on a Tuesday or Thursday (which are the most common IRS deposit days), WMR usually updates the night before or early morning of the day prior. However, if your DDD is on a Monday, it might update as early as the preceding Friday since the IRS doesn't process over weekends. One thing I've learned is that your transcript with the 846 code and DDD is always the most reliable source - that date is essentially set in stone once it appears. The WMR tool is more for general public updates and can sometimes lag behind their internal processing systems. Have you checked your transcript recently to see if your 846 code is showing yet?

Has anyone who filed around February 5th (like OP) seen their transcript update recently? I filed February 7th and mine just updated yesterday after being N/A since filing. Curious if they're processing a specific batch right now.

Filed February 8th here and my transcript just updated this morning! After 4 weeks of N/A status, it finally showed up with processing date 20250307 and cycle code 20250905. Refund amount matched exactly what I expected and shows DDD of 03/12. So yes, it looks like they're working through that early February batch right now. For everyone still waiting - hang in there, seems like they're making progress on returns from that timeframe.

Does anyone know if we need to convert the purchase price from foreign currency to USD when reporting on form 8949? I bought some UK stocks while living in London and the purchase was in GBP, but I sold after moving back to the US and received USD.

I had a similar issue with some European stocks I sold last year. The key thing to remember is that even without the 1099-B, you're still legally required to report all capital gains and losses. I used Form 8949 and checked Box C (transactions not reported to you on Form 1099-B) and entered all the details manually from my brokerage statements. One tip - if your broker is still "looking into it," get their response in writing via email. If the IRS ever questions the missing 1099-B, having documentation that you tried to get it corrected shows good faith effort on your part. Also make sure you have screenshots or printed copies of your account statements showing both the purchase and sale transactions as backup documentation. The deadline pressure is real, but don't let it rush you into making mistakes. Better to file correctly using your own records than to wait for a 1099-B that might never come.

To all those having trouble reaching a human at the IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/wMf29SmRU-I

I've been dealing with this exact same issue! The WMR tool has been a nightmare lately - keeps saying my info doesn't match even though I'm entering everything correctly. It's so frustrating when you know your refund was approved but then the system just stops working. I tried calling the IRS directly but the wait times are insane. Has anyone found a reliable way to actually get through to someone who can help figure out what's going on with these system glitches?