In the same boat rn. Got a letter coming tomorrow and my anxiety is through the roof. Please update us when you get yours!

Wait, I'm confused - your title says Indiana Department of Revenue but you keep mentioning IRS letters? These are two completely different agencies. If it's from Indiana DOR, this is a state tax review, not a federal audit. State reviews are usually much more straightforward than IRS audits. Just gather your Schedule C documentation like they asked and submit it through their INTIME portal. The February 27th deadline gives you plenty of time to get organized.

Anybody know if OP should consider a Traditional IRA instead of Roth at this income level? With such low income wouldn't it be better to take the tax deduction now?

Great question! You're absolutely on the right track thinking about retirement savings at 19. Just to add some clarity to what others have mentioned - your Roth IRA contribution limit is based on your "earned income" which for self-employed folks like you is your net profit from Schedule C (after business expenses like mileage, but before the self-employment tax deduction). So if your net profit after all business deductions is $6,500, that's exactly what you can contribute to your Roth IRA. The fact that it matches the contribution limit perfectly is just a coincidence - you're not required to have "extra" income beyond what you contribute. One thing to double-check: make sure you're tracking your mileage accurately since that's usually the biggest deduction for delivery drivers. The IRS standard mileage rate for 2025 is 67 cents per mile, which can really add up with delivery work. Keep up the smart financial planning - starting retirement savings this early will pay off huge in the long run!

Dose this work for amended returns to?

This is super helpful! I've been trying to figure out my processing cycle for months. Just checked my 2023 transcript and my cycle code ends in 02 - so I'm on daily processing. No wonder I've been seeing random updates throughout the week instead of just Fridays like some people. Thanks for sharing this method, way better than guessing!

If you're worried and want answers faster than waiting for the mail, I'd recommend using Claimyr (https://claimyr.com). I was in the same boat last month - had mysterious codes and couldn't get through to the IRS after trying for days. Claimyr got me connected to an agent in about 15 minutes who explained exactly what my 971 notice was about (simple math error they fixed) and when to expect my refund. Totally worth it to avoid the stress of not knowing.

Code 971 with 570 is actually pretty common this time of year - the IRS is just doing their due diligence on your return before releasing your refund. The 04-15-2024 date means you should get a CP05 notice around that time explaining what they're reviewing. In my experience, about 80% of these resolve automatically within 2-3 weeks without any action needed from you. The review could be something as simple as verifying your W-2 matches what employers reported, or double-checking calculations on credits like EITC or CTC. Try not to stress too much - the fact that you have a specific notice date is actually a good sign that it's moving through the system normally.

Has anyone here used a specific tax form or schedule to report the RSU loss? I'm trying to figure out if this goes on Schedule D or if there's another form I should be using for RSU-specific losses where I couldn't sell immediately due to company restrictions.

This is such a frustrating situation, but you're definitely not alone in dealing with this! I had a similar experience where my RSUs dropped 20% during a blackout period and I felt like I was being taxed on money that evaporated. One thing that helped me was working with my tax preparer to make sure I was tracking everything correctly. Since you're dealing with both income tax on the vesting value AND capital losses on the sale, it's important to keep detailed records of: 1. The exact vesting date and share price 2. The date restrictions were lifted 3. Your actual sale dates and proceeds 4. Any shares you're still holding Also, don't forget that if your total capital losses exceed $3,000 in a year, you can carry the excess forward to future tax years. Given how volatile some stocks have been lately, those carried-forward losses might come in handy for offsetting future gains. It really is an unfair system when you're essentially penalized for company policies you have no control over, but at least the capital loss treatment helps offset some of the pain. Hang in there!