This exact thing happened to me last year! The IRS will automatically mail you a paper check to your address on file - no action needed on your part. It typically takes 3-4 weeks from when the direct deposit was rejected. Your transcript should update with a new 846 code showing the check mailing date once they process it. Since you're seeing the 971 code, they're aware of the issue and working on it. The fact that it's only been 10 days means you're still well within the normal timeframe. One thing to double-check: make sure the IRS has your current mailing address. You can verify this on the IRS website or by calling them. With medical bills coming up, I know the wait is stressful, but the check should arrive soon. Hang in there!

I went through this exact situation in 2023 when my credit union closed my account due to inactivity right before my refund hit. The whole process was incredibly frustrating, but here's what actually happened: The IRS automatically issued a paper check about 3 weeks after the rejected deposit. Like others mentioned, you'll see a new 846 code on your transcript when they actually mail it out. Since you're only at 10 days and already see the 971 code, you're right on track. One thing I wish someone had told me - make absolutely sure your address is current with the IRS. I had to file a Form 8822 to update mine because I had moved recently. You can check your address on file by creating an account on the IRS website. The $3,700 check will come via regular mail, not certified or anything special, so definitely sign up for USPS Informed Delivery if you haven't already. That way you'll know it's coming before it hits your mailbox. I know waiting sucks when you have medical bills breathing down your neck, but the system works - it's just painfully slow. Hang in there!

Filed Jan 20th and still waiting here too! Been checking the MN Revenue site daily and it just keeps saying "being processed." Starting to wonder if there's an issue with my return or if they're just really backed up this year. Anyone else filed around mid-January still waiting? Trying to figure out if I should be worried or just patient at this point 😅

Filed mine January 31st and got my refund deposited this morning! 🎉 Took about 5 weeks total which seems to be pretty typical based on what I'm seeing here. For those still waiting - I know it's frustrating but hang in there! The processing really does seem random this year. I was checking the status obsessively too but it updated overnight from "processing" to "refund sent" without any warning. Good luck everyone!

Quick heads up - I went through something similar and discovered there's a difference between a "dormant" corporation under Rev Proc 97-20 and an "inactive" one. Dormant means NO activity whatsoever during the tax year. If you had ANY financial transactions related to closing the company (paying final fees, receiving any distributions, etc.), you might not qualify for the simplified filing. I thought my UK company was dormant during its dissolution year, but the fees I paid to dissolve it counted as activity, which meant I needed to file the full 5471 rather than the simplified version. Might be worth double-checking if your dissolution process involved any financial transactions.

Based on all the discussion here, it's clear your new accountant is correct - you do need to file a final Form 5471 for 2023 when you dissolved your Thai corporation. Your first accountant gave you incorrect advice. Since this involves a dissolution, you'll need more than just the Rev Proc 97-20 simplified filing. You'll need to file a complete Form 5471 with the "Final 5471" box checked, plus Schedule O to report the disposition of your interest in the corporation. Depending on your specific situation, you may also need Schedules B, E, and potentially others. The key thing to remember is that dissolution almost always involves some financial activity (legal fees, final filings, etc.) which disqualifies you from the simplified dormant corporation filing anyway. Even if those costs were minimal, any activity during the tax year means you need the full form. Don't delay on this - the $10,000+ penalties for missing Form 5471 are no joke, and they apply regardless of whether the corporation had significant activity. The IRS takes international reporting requirements very seriously. Get this filed as soon as possible, and make sure whoever prepares it marks it as a final return to avoid future filing obligations.

This happened to me when I worked at Jackson Hewitt years ago! I was literally told "you'll learn as you go" and was terrified of messing up people's taxes. What helped me was focusing on being really good at intake and organization first. Make sure you're getting all the right documents and organizing them properly. Learn the software thoroughly so you at least know where to input everything. Then gradually pick up the actual tax knowledge. After a few weeks, I was actually pretty comfortable with basic returns. The software does a lot of the work for you. Just be super careful with anything complicated and definitely ask the senior preparers when you're unsure. Don't worry too much - you'll catch on faster than you think!

This is honestly a red flag about H&R Block's hiring practices. As someone who's been through proper tax preparation training, I can tell you that what you're experiencing isn't normal or acceptable. The fact that they hired you "on the spot" without an interview and immediately threw you into client work without ANY training is concerning. Even as a data entry person, you should understand what you're inputting and why. Tax preparation involves people's financial lives and potential legal consequences. Here's what I'd strongly recommend: 1. Document everything - keep records of the lack of training you received 2. Immediately request formal training from your supervisor 3. If they refuse or delay, consider reporting this to your state's Board of Accountancy 4. Look into getting your own basic tax education through IRS resources (they have free materials) You're not just "glorified data entry" - you're part of the tax preparation process, and clients deserve to have trained professionals handling their returns. Don't let them take advantage of your eagerness to learn. This could reflect poorly on your professional development if you're not careful. Stay strong and demand proper training. Your future clients and career deserve it.

The IRS is so broke they cant even show numbers anymore smh

The "AS OF: F" status you're seeing typically indicates your return is in a "freeze" or pending status while the IRS processes it. This is completely normal for returns that are still working through the system. The $0.00 balances and "NOT PRESENT" fields are standard placeholders until processing completes. Since you filed electronically 3 weeks ago, you're well within the normal 21-day processing window. The IRS updates transcripts in cycles (usually weekly), so those empty fields should populate once your return moves to the next stage. Head of Household returns sometimes take a bit longer due to additional verification steps. Keep checking your transcript weekly - once processing advances, you'll see those "NOT PRESENT" fields fill in with your actual tax data and any refund amount will appear. If nothing changes after 6-8 weeks total, then it might be worth calling the IRS directly.