bruh the IRS is so behind these days... still processing 2021 returns and now messing up 2022 smh

I feel your pain! I've been dealing with a similar 810 freeze since February and it's absolutely maddening. The "RETURN NOT PRESENT" message while knowing you filed is the worst part - makes you question everything. Have you tried requesting a wage and income transcript to see if your W-2/1099 info is showing up correctly in their system? Sometimes the freeze happens when there's a mismatch between what you reported and what employers submitted to the IRS. Also, if you haven't already, try calling the main IRS line (1-800-829-1040) early in the morning around 7am when they open - I've had better luck getting through then. Ask specifically about the 810 freeze and if there's any additional documentation they need from you. Sometimes they can at least tell you what triggered it even if they can't remove it immediately. Hang in there - I know it's frustrating but these do eventually get resolved! 🤞

I really appreciate everyone sharing their experiences here - this has been incredibly helpful! Reading through all these responses, it sounds like the consensus is that forgiven rent is generally taxable income, but the insolvency exception could potentially apply to my situation. Based on what everyone has shared, I think my next steps are: 1. Do a thorough calculation of my assets vs. debts to see if I qualify for the insolvency exclusion 2. Get any agreement with my landlord in writing, including the exact date and amount 3. Keep detailed records of everything for my tax files The mention of tools like taxr.ai and services like Claimyr is interesting - I might look into those if I need more personalized guidance or if I can't get through to the IRS on my own. It's reassuring to hear from people who have actually been through similar situations. The tax implications were honestly making me consider not accepting the forgiveness at all, but it sounds like there are legitimate ways to handle this properly. Thanks to everyone who took the time to share their knowledge and experiences!

One important consideration that hasn't been mentioned yet - if you're currently receiving any means-tested government benefits (like SNAP, Medicaid, or housing assistance), the forgiven debt income could potentially affect your eligibility for these programs, even if you qualify for the insolvency tax exclusion. Different benefit programs have different rules about what counts as income, and some may count debt forgiveness even when the IRS doesn't. You might want to check with the relevant agencies about how this could impact your benefits before finalizing the arrangement with your landlord. Also, if you do end up owing taxes on the forgiven amount, remember that you can set up a payment plan with the IRS if you can't pay the full amount when you file. It's better to file on time and arrange payments than to not file at all due to inability to pay.

Same boat here. Called IRS and they said high traffic is causing issues. Keep trying different times of day

its def a browser issue. Firefox worked for me after chrome kept failing

I got the 570 code about 3 weeks ago and honestly had never seen it before on any of my previous tax returns. After reading through everyone's experiences here, it sounds like it's way more common this year than usual. I'm curious if anyone knows whether certain types of returns are more likely to get this code? I claimed the Child Tax Credit and EITC this year for the first time since my income dropped, and I'm wondering if that's what triggered the review. My transcript just shows the 570 with no additional codes yet, so I'm in that waiting phase everyone talks about. Thanks for sharing your timelines - it's really helping me manage my expectations!

I'm new to this community but wanted to share my recent 570 code experience since everyone's stories have been so helpful! I got the 570 code on March 3rd (about 6 days ago) and immediately started panicking. After reading through all your experiences, I feel much better about the situation. Like several others mentioned, I also claimed EITC for the first time this year after a career change, so that might explain the hold. What's interesting is that I can see on my transcript that the 570 appeared exactly 21 days after I filed electronically on February 10th. Based on the timelines shared here, I'm hoping to see either a 571 code or some movement in the next week or two. Has anyone noticed if filing early in the season (like February) versus later affects how long the 570 review takes? Thanks for creating such a supportive space to discuss these stressful tax situations!

Be careful about state taxes too! The federal capital gains rates get all the attention, but most states also tax capital gains as regular income. I got hit with a surprise state tax bill last year after focusing only on federal.

The good news is that $8,200 in profits isn't a huge amount, so even if you owe taxes, it shouldn't be overwhelming. If these were long-term gains (stocks held over a year), you might qualify for the 0% capital gains rate if your total income is under $47,025 for single filers or $94,050 for married filing jointly in 2024. One thing that hasn't been mentioned yet - make sure you're accounting for any trading fees or commissions you paid when buying and selling. These can be added to your cost basis or subtracted from your proceeds, which reduces your taxable gain. Every little bit helps! Also, if you have any losing positions still in your portfolio, you might consider tax-loss harvesting before the end of the year. You can use capital losses to offset your gains dollar-for-dollar, and if you have more losses than gains, you can deduct up to $3,000 against your ordinary income.