According to IRS Procedural Bulletin 2023-17, identity verification letters should be processed and mailed within 5 business days of the verification flag being placed on an account. However, due to the staffing shortages authorized under the Consolidated Appropriations Act of 2023, this timeline has been extended to "up to 15 business days" for fiscal year 2024. Once you receive and complete verification, Internal Revenue Manual 21.5.6.4.11 specifies that refunds should be issued within 9 weeks, though in practice it's typically 2-3 weeks. If you're experiencing financial hardship, you can request expedited processing under Economic Hardship Provision 6343(a)(1)(D), though this requires additional documentation.

Just to clarify something important - when you get the identity verification letter, you have two options: verify online (if eligible) or call the special number on the letter (not the regular IRS number). Many people make the mistake of calling the main IRS line, which won't help with verification. The letter will tell you exactly which option(s) you qualify for. Also, your 45-day review period doesn't start until AFTER you've verified your identity, not from when you filed your return.

You might want to try accessing your transcript through the IRS Transcript Delivery System (TDS) instead of the regular Get Transcript function: https://www.irs.gov/individuals/get-transcript. Sometimes the main transcript page shows N/A while the TDS has more current information. Also, check the Tax Return Database (TRDB) status through your tax software if you used one of the major providers - they sometimes have processing status information before it appears on the IRS systems.

I filed on April 15th at 4:30pm EST with a complex Schedule C return including home office deduction, mileage expenses, and QBI calculations. My transcript showed absolutely nothing for 31 days - not even an indication that I had filed. Then suddenly yesterday everything updated at once with a Direct Deposit Date (DDD) of next Wednesday. The IRS systems seem to batch-process the deadline filers rather than handling them in strict chronological order. The Cycle Code on my transcript is 20221905, which indicates it was processed in the 19th week of 2024 on a Friday batch run.

I just went through this exact situation! I completely forgot to file until June because my husband was in the hospital. I was panicking about penalties, but my neighbor (who's a retired accountant) told me not to worry. I filed on June 12th using TurboTax and got my refund by direct deposit on July 5th. No penalties, no issues whatsoever. The IRS doesn't penalize you when THEY owe YOU money - only the other way around. Just make sure you don't wait too long. While you have 3 years to claim a refund, why let the government hold your money interest-free? File as soon as you can!

Here's a step-by-step approach for your situation: 1. First, determine if you're truly owed a refund by completing your tax return 2. If you are owed a refund, you can file anytime within 3 years with no penalties 3. If you unexpectedly owe taxes, file immediately to minimize potential penalties 4. Consider using tax software that still supports 2023 returns (most major providers do until October) 5. Have your documents organized: 1099-R, SSA-1099, medical receipts, donation records 6. Double-check if you qualify for age-related tax benefits (over 65 standard deduction increase) 7. Don't forget to check your state tax requirements, which may differ from federal The community consensus is clear - if you're getting money back, there's no penalty for filing late. The IRS is much more concerned about collecting money owed to them than returning money owed to you.

Oh my goodness, I was so stressed about this exact situation last year! I ended up creating a whole binder system with tabs for every possible homeowner deduction! I worried myself sick about missing something important! What worked for me was scheduling an appointment with a local enrolled agent - not one of the big chains but an independent office. They charged me $175 but found deductions I never would have known about. I'm DEFINITELY using them again this year. The peace of mind was worth every penny!

Tax filing is like cooking dinner - you can do it yourself with basic ingredients, hire a personal chef (CPA), or get meal delivery (tax software). For a straightforward return with just homeowner status, mid-tier tax software is probably your best value. Think of it as the difference between buying a hammer to hang one picture versus hiring a contractor to build a whole house. Your situation doesn't sound complex enough to justify professional fees, but it's just complex enough that completely free options might miss some deductions.

I've seen this scenario play out dozens of times with clients. Here's what typically happens: Your original return will process normally with the refund issued on 5/1 as indicated by the 846 code. The amendment enters a completely separate processing queue and won't impact your original refund. However, I would recommend setting aside the original refund amount until the amendment finalizes (especially if it will result in you owing money). In my experience, the best approach would have been waiting for the original to process first, but you're not in a problematic situation - just a slightly more complex one.

Let me clarify what's happening with your situation: • The 846 code with date 5/1/24 means your original return is processing normally • Your refund from the original return will likely be issued on or around May 1st • Your amendment (1040-X) has entered a separate processing queue • Amendment processing typically takes 16-20 weeks currently • The two processes will run independently of each other This is actually a common scenario, though the agent's advice to amend immediately rather than wait was questionable. I would recommend keeping detailed records of both processes.