What happens if you do not file a back tax return, IRS can File For You, this is not good news.

It’s important to understand the ramifications of not filing a past due return and the steps that the IRS will take.

Keep in mind that no matter what IRS does we can always counteract that. ultimately we can control the case.

Taxpayers who don’t file a past due return or contact the IRS are subject to the following:

• Penalties and Interest will be assessed and will increase the amount of tax due.

• The IRS will file a substitute return for you. But this return is based only on information the IRS has from other sources.

• Thus, if the IRS prepares this substitute return, it will not include any additional exemptions or expenses you may be entitled to and may overstate your real tax liability.

• Once the tax is assessed the IRS will start the collection process, which can include placing a levy on wages or bank accounts or filing a federal tax lien against your property.

What happens if IRS has already filed for you.

Even if the IRS has already filed a substitute return, it still makes sense for you to file your own return to make sure you take advantage of all the exemptions, credits, and deductions you are allowed. The IRS will generally adjust your account to reflect the correct figures.

IRS 6020 B of Back Taxes Spells Trouble

IRS files thousands of back tax returns each year under the IRC provision of 6020B. As former IRS agents, we filed back taxes for taxpayers when we were employed by the IRS.

This process of filing by the IRS is called SRF or Substitute Tax Return process, and we understand exactly how it works.

The process of SRF works like this:

IRS conducts matching programs each and every year on their CADE 2 system, which matches all W-2’s and 1099’s.

If the computer finds no tax return posted against the W-2’s or 1099’s the IRS will prepare an SRF tax returns. This is not what you want to happen, so if you can correct the situation, you should.

IRS will not do you a favor filing your SRF return for back taxes. IRS will only give you the standard deductions, and nothing more.

From there the IRS will send out 4-5 notices, which, if you don’t respond, they’ll then send Notices of Federal Tax Levy, both Bank levy’s and Wage garnishment levies.

They will continue to levy until they get your attention. After that, the IRS will follow that up with a Filing of the Notice of Federal Tax Lien.

Do not be left in the hands of IRS to file your back tax returns. Get Filing Back Taxes Help.

If the IRS filed your tax returns thru SRF, call us today to immediately correct the situation. If the IRS filed your tax return, we can file correct returns and correct the misstated tax liability.

When the IRS prepares your tax return, the general rule of thumb is that overstatement of tax is least 5 times of the total tax.

In some cases, taxpayers never even owed the tax.

We can fix your back taxes problem.

Fresh Start Tax LLC will ask IRS for a Tax Audit Reconsideration.

We can file correct tax returns to lower and adjust the overstated tax and work out a tax settlement that you can live with.

If I Do Not File A Tax Return, What Can Happen