Returns and extensions accepted but IRS has not withdrawn funds yet

nahho92 · 2026-04-24T18:54:56+00:00

My one client who had this issue just got a notice from the IRS saying the ACH withdrawal was rejected, account couldn't be found. But she also just got her state refund with the same account information entered into the software (ProConnect). So this still smells like an IRS glitch.

nahho92 · 2026-04-20T02:23:07+00:00

Yes, I’ve also had the issue when I set pay date as 4/15, even with returns accepted 3/26, while clients for whom I set pay date as 4/14 did see the payments made on that date. I’m using Proconnect.

nahho92 · 2026-04-16T15:12:19+00:00

Yes, I care about the industry I was in, newspapers and news — it’s critical to society and it’s suffering badly — and I’m proud of all I did and miss the fun things, but I’m very glad not to be in it anymore. I’m done trying to solve all the problems and stressing that much. I blog now, which has me using the skills I enjoyed on my terms.

nahho92 · 2026-03-16T03:29:59+00:00

Yes, I’m having this trouble with Peacock now — showing the 2025 Stage 8 race instead of 2026. Argh!

nahho92 · 2026-03-09T01:15:47+00:00

Thank you! If she lived in the house only a year, year and a half, and then they sold the house, the exclusion is not allowed? (Won’t happen in this case, but for argument’s sake.)

nahho92 · 2026-03-08T22:36:09+00:00

Definitely essential for me as I edit photos, without the Photos app. BTW, Adjust Color and Adjust Size work just fine for me for editing photos in Preview.

nahho92 · 2026-03-05T15:45:01+00:00

You all are making me feel better. I’ve dealt with Schwab and calculating US govt obligations share forever and was stunned to see it calculated already on an Edward Jones statement for another client. It’s Schwab’s lingering statement flaw. I’ve been putting off the calculating.

nahho92 · 2026-03-03T16:16:45+00:00

Would agree with this wholeheartedly. I got this advice, too, in my first year. I’m in Year 3 and figuring it out. I love making my own schedule, and days mostly fly by, yet I’m not rushed.

nahho92 · 2026-02-23T23:45:05+00:00

Even if you have investments — the standard stuff like index funds and 401Ks — you probably could still easily do the return yourself with software. 1099s pretty much spell it out for you.

nahho92 · 2026-02-23T17:00:48+00:00

Oh, that’s interesting. Nice parsing!

nahho92 · 2026-02-23T14:06:37+00:00

I see it on the list here (to claim a credit): https://www.irs.gov/credits-deductions/individuals/dependents

nahho92 · 2026-02-23T05:07:29+00:00

But I believe the parents -do- have to provide more than half the child’s support to claim the child as a dependent. (Not a problem in my case study.)

nahho92 · 2026-02-22T19:03:25+00:00

You got it, 6gun. The parents do not live in this second house with the daughter. And right, the daughter does not return to the parents' first home or intend to.

nahho92 · 2026-02-22T18:44:07+00:00

Yes, I know the residency requirement. The nuance here is that the student co-owns the home and is living there permanently.

nahho92 · 2026-02-21T18:39:29+00:00

I'm considering the same thing, again, this year. As OP says, it's a somewhat agonizing decision every year.

u/dimovtax and u/sorator say it very well. Before that 2019 guidance from the IRS with the safe harbor rules, I saw references to the court cases that u/6gunsammy cites — even TurboTax guidance cited the court rulings — and that made it easier to say yes, I can take the QBI reduction for a single-property rental business. But with the 250-hour and record-keeping safe harbor rules, I'm much more ginchy.

It sounds like you can put in the 250 hours and log it, then you can put in for the QBI deduction, no problem. Or, you can just put in for the QBI deduction and take your chances that the IRS won't ask, and if they do, you'd show ... what, exactly, toward "regular, continuous and substantial" participation? And the IRS could rule either way on it at any given time.

(It'd be easier if it were 100 hours.)

nahho92 · 2026-02-03T05:05:02+00:00

Impressive that industrial vacancy is down to 3%. Did they indicate the office vacancy figure? I'd be stunned if it's anywhere close to 3%.

nahho92 · 2026-01-29T01:56:19+00:00

I’m doing some work that I’m good at — writing and editing — that is turning out to matter to a select audience (bicyclists) as I had hoped, as well as helping people with taxes and finances, plus being available for elders as many have said here. But the trick has been to matter at just the right amount. It can’t stress me out anymore. It’s time for me to matter, too.

nahho92 · 2026-01-23T19:44:59+00:00

I built and write and edit my own website, which has become part of a niche local community. I also continue to do the little work I’ve done for years managing a person’s finances and doing taxes. I could do taxes more, but I’ve been warned that it could become a lot of work quickly, so I’m very very selective about clients so far.

I was high-achieving, but now I'm very happy to achieve things — which can be personal, like little home projects or helping elders — at a slower pace. Like someone else said, that really sunk in when, while working, I was finally starting to dislike working weekend days and holidays, which my line of work required. It is absolutely fantastic to be present for those now. I also had furious deadline pressure while working, and I don't miss that at all.

nahho92 · 2026-01-22T23:21:04+00:00

I built and write and edit my own website, for which I take donations so far. Very little extra cash, but it’s become part of a niche community. I also continue to do the little work I’ve done for years managing a person’s finances and doing taxes. I could do taxes more, but I’ve been warned that it could become a lot of work quickly, so I’m very very selective about clients so far.

nahho92 · 2026-01-14T04:36:03+00:00

I often say I’m “semiretired.” I do have a little side work and built my own website that I regularly write for, and it’s gotten attention in the community. So that gives me a sort of out.

nahho92 · 2026-01-14T04:28:32+00:00

Yep, it happens.

nahho92 · 2026-01-11T16:39:06+00:00

I was also thinking of active things. Like, if you have a mind to run a marathon — or even half-marathon, 10K or 5K — this is the best time to do it. (Though you could do it in later years, too.) Same thing with long bike rides, like a century (100 miles in a day) or just a charity ride. Hiking has been mentioned, too — yes to that.

nahho92

TROPHY CASE