Tag: IRS resolution

  • What an IRS Substitute for Return Really Is

    What an IRS Substitute for Return Really Is

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    by

    Steve Perry
    in

    A Substitute for Return is the IRS using available information to assess tax when a taxpayer does not file. It may miss deductions, credits, expenses, basis and other facts. Taxpayers should respond quickly, file the correct return when appropriate and address compliance before collection activity grows.

  • Why IRS Compliance Comes Before Full Payment

    Why IRS Compliance Comes Before Full Payment

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    by

    Steve Perry
    in

    The IRS cares about compliance because resolution depends on filed returns, current year payments and taxpayer behavior after filing. Immediate full payment is not always possible, but missing returns, ignored notices and new balances can block payment plans, hardship review, penalty relief and other IRS resolution options.