I'm dealing with the exact same codes right now! Filed in March and have been stuck with that 570/810 combo for months. Just got my 971 code on my transcript a few days ago (dated 05/26/2025) so I'm in the same anxious waiting period for the actual notice to arrive. What's been helping me cope is remembering that the 766 credits with future dates on your transcript are actually a positive sign - it means they've already processed your return and calculated your refund, they're just holding it during whatever review they're doing. The EIC verification makes total sense given your 768 code. I set up USPS Informed Delivery after reading the suggestions here and it's been a lifesaver for reducing the daily mailbox anxiety! At least now I know what's coming instead of making multiple trips to check. From everything I've read in this community, most people get their 971 notices within 7-10 business days of the transcript date, and the majority end up being routine review letters that don't require any action from you. The waiting absolutely sucks but try to stay positive - sounds like we're both in the final stretch of this process!

I'm going through almost the identical situation! Filed in early April and have been stuck with that same 570/810 combination for what feels like forever. Just got my 971 code a few days ago too, so I'm right there with you anxiously waiting for that notice to show up in the mail. After reading through all these responses, I'm feeling a bit more optimistic though. It sounds like most people get their 971 notices within 7-10 business days of the transcript date, and from what everyone's sharing, a lot of these end up being routine verification letters - especially when you have EIC claims like we do with that 768 code showing up. The thing that's giving me the most hope is what several people mentioned about those 766 credits with future dates on your transcript. That apparently means they've already done the math and calculated your refund - they're just holding it while they finish whatever review process they're doing. So we're probably in the home stretch! I also took everyone's advice and signed up for USPS Informed Delivery after seeing it mentioned so many times here. Total game changer for reducing the daily mailbox anxiety! At least now I'll know when something's actually coming instead of checking multiple times a day. The waiting is absolutely brutal when you're depending on that refund money, but it really helps to see that so many others have been through this exact same scenario and most of them got resolved within a couple months. Hang in there - sounds like we're both almost at the finish line!

According to the IRS Operations Dashboard (https://www.irs.gov/newsroom/irs-operations), they're currently processing returns received in early March. There's a significant backlog this year due to increased filing volume. The transcript database typically lags behind actual processing by 1-2 weeks. I recommend checking the "Where's My Refund" tool at https://www.irs.gov/refunds as it pulls data from a different system that often updates sooner than the transcript database. If WMR shows your return as received, you can be confident it's in their system despite what the transcript shows.

I completely understand your concern - seeing "no tax return received" on your transcript can be really alarming! But based on what others have shared here, this seems to be a common issue this year. The IRS is dealing with a massive backlog, and their transcript system often lags behind their actual processing system by weeks. Since you filed three weeks ago, you're still well within the normal processing window. I'd recommend checking the "Where's My Refund" tool first - it usually updates before the transcript does. If that shows your return as received, then you know it's safely in their system and just waiting to be processed. Don't stress too much about those home repairs just yet - your refund is probably on its way, even if the transcript doesn't show it!

Quick question - doesn't the AMT (Alternative Minimum Tax) also come into play here? When I exercised my options last year, I got hit with a huge AMT bill even though I didn't sell the shares.

This is a really complex situation that highlights why equity compensation taxation is so tricky! A few additional thoughts to consider: 1. **Documentation is key** - Make sure you have all your original option grant agreements, exercise notices, and acquisition documents. The IRS may want to see these if they question your treatment, especially for QSBS purposes. 2. **State tax implications** - Don't forget that some states have their own rules for stock option taxation that might differ from federal treatment. If you've moved states since receiving or exercising the options, this could add another layer of complexity. 3. **Estimated tax payments** - If the 1099-NEC amount is substantial, you might need to make estimated tax payments to avoid underpayment penalties, especially if this income wasn't subject to withholding. 4. **Consider professional help** - Given the multiple acquisitions, potential QSBS treatment, and the amounts involved, it might be worth consulting with a CPA who specializes in equity compensation. The tax savings from proper QSBS treatment alone could more than pay for professional advice. The good news is that you're asking these questions before filing, which gives you time to get it right the first time rather than dealing with amendments or IRS notices later!

I've been dealing with this nightmare for 3 months now! What finally worked for me was calling the practitioner priority line (if you have a tax pro helping you) or trying the Spanish language line - I heard they sometimes have shorter wait times and can transfer you to English speakers. Also, try calling on Wednesdays around 10 AM - seems to be less busy than Mondays/Fridays. The whole system is absolutely broken though. We shouldn't have to jump through hoops just to talk to the agency that handles our tax money! 😤

I feel everyone's pain here! After reading through all these suggestions, I'm going to try a combination approach: calling the tax advocate service number that Freya shared (1-877-777-4778) on a Wednesday morning around 10 AM like Kaitlyn suggested. If that doesn't work, I might actually consider that claimyr.com service Yara mentioned - $20 is annoying to pay, but honestly after weeks of wasted time, it might be worth it just for my sanity. Has anyone else had success mixing these different strategies? It's crazy that we need a whole battle plan just to reach the IRS! 😩

Great question about tax gain harvesting! I did this exact strategy last year when my income was low. Just want to emphasize a few key points that have been mentioned: 1. You can indeed buy back immediately - there's no waiting period for gains like there is for losses (wash sale rule) 2. The gain is locked in the moment you sell, regardless of when you repurchase 3. Make sure you're only doing this with long-term holdings (over 1 year) to qualify for the 0% capital gains rate One thing I'd add is to be strategic about which specific lots you're selling if you have multiple purchases of the same stock. You can use "specific identification" to choose exactly which shares to sell to maximize your tax benefit. Also, don't forget to factor in any transaction fees - while the tax savings are great, make sure the brokerage fees don't eat into your benefits too much. Good luck with your harvesting strategy! It's a smart move to take advantage of your low income year.

One additional consideration that might be helpful - if you're planning to do this regularly (not just this year), you might want to keep a spreadsheet tracking your cost basis adjustments. Each time you sell and rebuy, you're establishing a new cost basis for those shares, which will affect future tax calculations. For example, if you bought Stock XYZ at $50, it's now worth $80, and you sell and rebuy at $80, your new cost basis becomes $80. This "steps up" your basis and could reduce future capital gains when you eventually sell for good. Also, since you mentioned your income is around $22,000, you're well within the 0% bracket (which goes up to $44,625 for single filers in 2024), so you have plenty of room to harvest gains. Just make sure to account for any other income sources you might have throughout the year that could push you over that threshold. The strategy you're considering is really smart - taking advantage of low income years to realize gains tax-free is one of the best tax optimization moves you can make!