Has anyone successfully used a mobile app for tracking this stuff? I'm always on the go and realistically I'm not going to update a spreadsheet every time we have a business meal. Looking for something where I can just snap a pic of the receipt, tag it as 50% or 100%, add the purpose/attendees, and be done. Bonus points if it syncs with Xero!

I've been dealing with this exact same issue for my consulting firm! What really helped me was creating a simple decision tree to determine 100% vs 50% deduction on the spot. Here's what I use: 100% deductible if: - Primary purpose is employee morale/appreciation (holiday parties, birthday celebrations, achievement recognition) - Company-wide events open to all staff - Training sessions where meals are provided for convenience - Meals provided on business premises during work hours 50% deductible if: - Business discussions with clients, vendors, or employees - Travel meals during business trips - Working lunches where business is the main focus For your monthly team lunches, if they're primarily about project discussions with some team building mixed in, that's 50%. But if you restructured some of them to be primarily employee appreciation events with business updates as a secondary component, those could qualify for 100%. One tip that saved me time: I set up recurring calendar events for our regular 100% deductible meals (like monthly birthday celebrations) so I remember to properly document the purpose. Makes tax time much smoother when everything is consistently categorized from day one.

idk why they even bother with these timeframes anymore tbh. seems like everything is delayed these days smh

NY state is definitely backed up this year - I'm seeing similar delays across the board. The "processed" status usually means they've finished reviewing your return and approved the refund, but the actual payment can still take a few more weeks. Since you have direct deposit, you should hopefully see it within the next 2-3 weeks. If it goes beyond 4 weeks from the processed date, I'd recommend calling their refund hotline to check for any issues.

I had almost the exact same situation last year! Filed a simple married return on Feb 2nd, saw "still processing" by Feb 6th, and my refund was direct deposited on Feb 10th without any transcript updates. The year before that was similar timing too. Based on my experience and what I've seen from others, that quick change to "still processing" is typically a very good sign for straightforward returns. I remember being so relieved when I checked my bank account and saw the deposit even though WMR hadn't updated. Sounds like you're right on track for a similar timeline this year!

This is really encouraging to hear! I'm in a very similar situation - filed 2/5/24 with a straightforward joint return and just saw the status change to "still processing" yesterday. Based on everyone's experiences here, it sounds like this is actually a positive development rather than something to worry about. I've been checking WMR obsessively (probably like most of us here), but it sounds like I should focus more on monitoring my bank account for the next week or so. Thanks for sharing your experience - it's posts like this that make navigating tax season so much less stressful when you realize others are going through the exact same thing!

I think we're overthinking this. The key difference between Box B and Box C is whether basis was reported to the IRS. If Robinhood sent you a 1099-B AND reported basis to the IRS, then yes, technically Box B is correct. But the bottom line is that the IRS cares about getting their correct tax money, not which box you checked. As long as you report all your gains/losses accurately, this is not something they're going to come after you for.

I'm dealing with this exact same issue! Got my Robinhood 1099-B and CSV file, and TurboTax automatically put everything in Box C when I imported. But looking at the 1099-B, it does seem like Box B would be more appropriate since they're reporting basis information. Reading through all these responses, it sounds like the consensus is that Box B is technically correct for Robinhood crypto since they now report basis to the IRS, but using Box C won't cause any problems as long as all transactions are accurately reported. I think I'm going to stick with what TurboTax did (Box C) since manually changing everything would be a hassle and multiple people here confirmed it won't affect the tax calculation or cause issues with the IRS. Thanks everyone for the detailed explanations - this has been really helpful!

Did the law firm send you any other documentation besides the 1099-MISC? Usually they should provide a statement showing the gross settlement and the attorney fees deducted. This will be important to have for your records to justify the deduction.

I had a similar situation with a class action settlement last year. The key thing to remember is that the 1099-MISC shows the gross amount before attorney fees, but you can absolutely deduct those fees on your tax return. Make sure you get a detailed settlement statement from the law firm showing the breakdown - the total settlement amount and exactly how much went to attorney fees. You'll need this documentation for your records. Some firms automatically provide this, but if you didn't receive it, call them and request it. When filing your taxes, report the full $1000 from the 1099-MISC as income, then deduct the $500 attorney fee on Schedule 1 (line 24a for certain legal fees). This way you only pay taxes on the $500 you actually received. The IRS expects this - it's a very common situation with settlements. Don't let the law firm's 1099 reporting scare you into thinking you owe taxes on money you never received. The tax code specifically allows for this deduction precisely because of how settlement 1099s are issued.