This happened to me last month! Got my DDD exactly 9 days after the 571 showed up. ur almost there!

Same thing happened to me back in January! The 570/571 combo usually means they just needed to verify something automatically and then cleared it. Mine took about 10 days after the 571 to get my DDD. The waiting is the worst part but you're definitely on the right track! 🙏

Watch out! I've seen this situation go badly for several people: • They assume the money is coming in a second deposit • They wait weeks with nothing happening • When they finally contact IRS, they learn the deadline to redirect the credit has passed • The money stays applied to next year's taxes Don't wait if you need that money now. The 826 code specifically means they've moved $1,300 to your 2024 tax account as a prepayment. It will NOT automatically come to your bank.

I went through this exact same situation three months ago and can confirm what others are saying - code 826 means they transferred your $1,300 to cover 2024 tax obligations. The key thing to understand is this money is now sitting as a credit on your 2024 tax account, not coming as a separate deposit. Since you mentioned needing this for medical bills, you absolutely can request that credit be refunded to you instead of applied to next year's taxes. You'll need to call the IRS and specifically request a refund of the transferred credit. They can process this, but it typically takes 6-10 weeks once approved. Don't wait on this - there are time limits for redirecting these transfers. I'd recommend calling first thing Monday morning (they tend to have shorter wait times early in the week) and have your Social Security number and the exact amount ready when you call.

Has anyone noticed that different brokerages have different standards for what they send tax forms for? My Fidelity account sent me a 1099 for $3.12 in dividends (with that annoying watermark), but my Schwab account didn't send anything for $4.25. I'm so confused about what actually needs to be reported!!

I've been dealing with this exact same situation! Had a watermarked 1099-DIV for $1.83 from my Robinhood account and was totally confused about whether it was "real" or not. What I learned is that the watermark usually means it's a courtesy copy - the brokerage is giving you the info but didn't actually file it with the IRS because it's under their $10 reporting threshold. The form itself is legitimate, it's just that they're not required to send it to the government. I ended up including it on my return anyway since I was using TurboTax and it literally took 30 seconds to enter. My thinking was better safe than sorry, especially since such a small amount wouldn't affect my tax liability anyway. If you're doing paper filing though, honestly I'd probably skip it - the hassle isn't worth it for under $3. The key thing is that watermark is actually helpful info - it's telling you this is below the official reporting threshold, so you're probably in the clear either way you decide to handle it.

15 Here's a trick that might work: Try a different tax software! Each free file provider has different AGI limits. TaxAct's might be $79k but TaxSlayer has a limit of $81k this year I think, and some others go up to $85k or $90k depending on your filing status.

This is such a common misconception! I see this question a lot during tax season. The key thing to remember is that your AGI is calculated BEFORE most of the deductions people think about. Your W-2 Box 1 already reflects pre-tax deductions like health insurance premiums, FSA/HSA contributions, and 401k contributions - so those are already reducing your AGI. But things like the standard deduction ($14,600 for single filers in 2024) or itemized deductions happen AFTER your AGI is set. If you're close to the $79,000 threshold, look for "above-the-line" deductions you might have missed: traditional IRA contributions (up to $7,000 if under 50), student loan interest deduction, educator expenses if you're a teacher, or HSA contributions if you have a high-deductible health plan and haven't maxed it out yet. You can also double-check by looking at last year's Form 1040 - Line 11 shows your AGI and you can trace back through the form to see exactly what reduced it from your gross income.

Has anyone else had the person get mad when you ask them for a 1099? I did about $900 worth of computer repair for a small business owner last year and when I asked for a 1099-NEC they acted like I was trying to scam them or something. Ended up just reporting the income anyway but it was awkward.

I'm dealing with something similar right now! I did photography work for several small businesses last year and only got 1099s from about half of them. The total was around $2,100, so definitely over the reporting threshold. What I've learned from researching this: you absolutely need to report ALL the income regardless of whether you got the forms or not. The IRS expects you to track and report everything you earned, even cash payments or situations where the payer didn't follow proper 1099 procedures. I ended up creating a simple spreadsheet with dates, client names, services provided, and amounts received. I kept all my invoices, payment confirmations, and bank deposit records. This documentation is actually more important than the 1099 forms themselves if you ever get questioned. One thing that surprised me - when I called the IRS directly (took forever to get through), they said mismatched or missing 1099s are incredibly common and usually don't cause major issues as long as you report your actual income accurately. They care way more about people underreporting income than they do about administrative paperwork gaps. Just make sure you're also tracking any legitimate business expenses you can deduct against that income!