WHAT HAPPENS WHEN IRS FILES A SUBSTITUTE FOR TAX RETURN??? Call 1-866-700-1040
You can file for a reconsideration hearing immediately
You can take immediate action by firing back a correct tax returns to the IRS Fresno Campus. The process is very simple but professional help is necessary to make sure the process goes smoothly.
So what will happen to me if I don’t file a return?
The IRS can and will file a substitute return for you. Also call an SRF. But this return is based only on information the IRS has from other sources. Those sources are generally 1099’s or w-2’s that IRS has on file. 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.
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.
Call Fresh Start Tax. We have former IRS Agents on staff and have the highest rating given by the BBB. We can work any settlement you may need.