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 CP05
An IRS Notice CP05 is a letter that the IRS sends to taxpayers to notify them that their tax refund is being held while the IRS reviews their tax return. The IRS may review your tax return for a variety of reasons, such as:
- To verify your income and income tax withholding
- To verify tax credits claimed
- To verify business income or expenses
- To investigate suspected identity theft or fraud
There are a number of reasons why the IRS may send you a Notice CP05. Some of the most common reasons include:
- Your employer did not report all of your wages to the IRS.
- You claimed a tax credit that you are not eligible for.
- You made a math error on your tax return.
- Your tax return is inconsistent with information that the IRS has from other sources, such as your bank or brokerage firm.
- Someone may have used your personal information to file a fraudulent tax return in your name.
If you receive Notice CP05, you should follow the instructions on the notice carefully. The notice will tell you what information the IRS needs from you. You may need to send the IRS copies of your W-2 forms, receipts, or other documentation.
If you are unable to provide the requested information, or if you have any questions, you should contact the IRS at the number listed on the notice. You can also contact a tax professional for help.
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
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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
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Click to ask Mike Ask Mike  The Internal Revenue Service typically operates within a 10-year window, commencing from the
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Disclaimer: This is educational content, not legal, accounting, or tax advice.Â
