IRS Filed Substitute for Return
The IRS may prepare a tax return for you because you did not meet your filing obligation. It is possible that a return filed on your behalf by the IRS will have much higher tax liability than your actual tax liability. You can refute any assessments based on an IRS filed Substitute for Return by preparing and filing a correct return. The IRS will nearly always examine or audit your late filed return to determine its accuracy. If the late filed return is found to be accurate, they will adjust the tax liability accordingly.
If the IRS filed a Substitute for Return for you, then you may qualify for audit reconsideration, a formal process that can be used to obtain tax debt relief. Dealing with the IRS can be worrisome and time consuming. TaxAudit’s tax professionals have the experience and knowledge to deal with the IRS on your behalf. Call us for your free consultation to see how we can help you.