If you don’t prepare one of your income tax returns, then it is very likely that the IRS will prepare this unfilled return or returns for you. These IRS-prepared tax returns are called Substitute For Returns (SFRs).

Yes, they can do that. If they've done it, then they created the maximum amount of income tax possible on those tax returns.  This is because when they prepare the SFR’s, the assume you are married filling separately and you are given no credit for your deductions.

Not to worry, though. Together, we can prepare and file replacement tax returns that might lower your tax.  Even if you have no records, we have several strategies for reconstructing your records from the past.

If IRS has actually filed an SFR against you, they can go after you for the tax they computed, regardless of what you would have owed, had an actual tax return been filed.  Therefore, fixing an SFR is a very high priority.

Unfortunately, you can’t just prepare tax returns and mail them in to the IRS with the expectation that these returns will “fix” the liability you owe.  In order to fix your situation, proper IRS procedures need to be followed along with preparing tax returns in accordance with IRS procedures.

Contact us for help in fixing or replacing your SFR’s.

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