NOTICE CP518

IRS Notice CP518 is a final reminder notice that the IRS has no record that you filed your tax return for the specified tax year. This notice is typically sent to taxpayers who have not filed their tax return by the due date or any extended deadline.

There are a few reasons why you may have received IRS Notice CP518:

• You forgot to file your tax return.
• You mailed your tax return but it was lost or delayed in the mail.
• You filed your tax return electronically but it was not successfully transmitted to the IRS.
• You filed your tax return but it was incomplete or inaccurate.
• You filed your tax return using a different name or Social Security number than the one the IRS has on record.

If you receive IRS Notice CP518, you should take action immediately to file your tax return. You can file your tax return online, by mail, or through a tax professional.

If you are unable to file your tax return immediately, you can contact the IRS to request an extension. However, keep in mind that you will still be charged interest on any unpaid taxes, even if you are granted an extension.

What happens if you don’t file your tax return after receiving this Notice:

If you do not file your tax return after receiving IRS Notice CP518, the IRS may take the following actions:

• Prepare a tax return for you based on the information the IRS has on record. This tax return may not be accurate, and you may end up owing more taxes than you actually owe.
• Charge you penalties and interest on any unpaid taxes.
• Offset your tax refund to pay any outstanding taxes.
• File a tax lien against your property.
• Garnish your wages.

The best way to avoid receiving IRS Notice CP518 in the future is to file your tax return on time and accurately. You can do this by setting a reminder for yourself to file your tax return on or before the due date. You should also gather all of your tax documents well in advance of the due date so that you have plenty of time to prepare and file your tax return.