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
LETTER 387C
IRS Letter 387C is a Record of Account. It is sent to taxpayers in response to a request for information about their tax account. This information can be used to verify income, assets, and liabilities for a variety of purposes, such as applying for a loan or mortgage, or qualifying for government benefits.
Reasons why it happened:- You requested a copy of your tax account transcript.
- You are applying for a government program that requires verification of your income.
- You are applying for a loan or mortgage.
- The IRS is processing your tax return and needs additional information.
- You have received a notice from the IRS about a potential tax deficiency or penalty.
- Review the letter carefully to understand the information that is being requested.
- Gather the necessary documentation to support the information.
- Respond to the letter by the deadline specified.
If you have any questions about the letter or the information that is being requested, you can contact the IRS at 1-800-829-1040.
Additional tips:- Be prompt and organized. Respond to the letter by the deadline specified, and make sure that your response is complete and accurate.
- Be honest and transparent. Provide the IRS with all of the information that they have requested, even if it is unfavorable.
- Be polite and respectful. Remember that the IRS is just trying to do their job.
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.
Related Posts
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.
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
