Understanding the IRS Substitute for Return
Click to ask Mike Ask Mike The Internal Revenue Service (IRS) Substitute for Return (SFR) is a term many taxpayers
Notice LT75
IRS Notice LT75 is a notification from the Internal Revenue Service (IRS) that a taxpayer has a seriously delinquent tax debt. This means that the taxpayer owes more than $52,000 in unpaid federal taxes and has not taken steps to resolve the debt.
Reasons why it happened:- You have not filed your tax returns for multiple years.
- You have not paid your taxes in full.
- You have been assessed a penalty for not paying your taxes on time.
- You have been assessed interest on your unpaid taxes.
- The IRS has filed a Notice of Federal Tax Lien against you.
- The IRS has issued a levy against you.
- Contact the IRS to discuss your payment options.
- File any outstanding tax returns.
- Pay the balance of your tax debt in full, or negotiate a payment plan with the IRS.
- If you cannot afford to pay your tax debt in full, you may be able to qualify for a hardship relief program.
Important Tip: Not sure where to begin? Try our Tax Relief Finder tool. It helps you find IRS programs and gives recommendations for the best solution. Learn about our - Tax Relief Program Finder
Important Tip: Understanding the Tax-Relief process is an essential resource for individuals dealing with tax debt. It offers a road map guide, simplifying the steps needed to resolve tax-related issues- Tax-Relief Process
Ask Mike
You can now ask our AI assistant any questions you have about your tax debt or any tax-related issues. Whether you’re unsure about payment plans, need clarification on penalties, or want information on how to resolve your tax situation. Our AI is ready to assist you with all your tax-related concerns.
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Recent Posts
Understanding the IRS Substitute for Return
Click to ask Mike Ask Mike The Internal Revenue Service (IRS) Substitute for Return (SFR) is a term many taxpayers
Substitute for Return ( SFR )
Click to ask Mike Ask Mike The Internal Revenue Service (IRS) Substitute for Return (SFR) is a term many taxpayers
Has my tax debt statute of limitations expired?
Click to ask Mike Ask Mike  The Internal Revenue Service typically operates within a 10-year window, commencing from the
The Three Types of IRS Statute of Limitations
Click to ask Mike Ask Mike The Internal Revenue Service (IRS) operates within specific timeframes dictated by statutes of limitations
When can the 10-Year Tax Debt Collection Statute Extended
Click to ask Mike Ask Mike understanding the ins and outs of the 10-year statute of limitations (SOL) is essential.
Disclaimer: This is educational content, not legal, accounting, or tax advice.Â
