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 672C
Letter 672C is an Internal Revenue Service (IRS) notice that informs you that the IRS has located and/or applied your payment. You may receive this notice if you:
- Made a payment to the IRS and did not specify where you wanted it applied.
- Requested that the IRS move your payment to another tax account or tax period.
- Made a payment after receiving a notice from the IRS that your account was delinquent.
You received Letter 672C because the IRS has located and/or applied a payment that you made to them. There are a few reasons why you may have received this letter, including:
- You made a payment to the IRS and did not specify where you wanted it applied. The IRS will apply your payment to the oldest balance due first.
- You requested that the IRS move your payment to another tax account or tax period. The IRS will move your payment as requested, but you may receive a notice if the payment is not enough to cover the balance due on the new account or period.
- You made a payment after receiving a notice from the IRS that your account was delinquent. The IRS will apply your payment to the delinquent account first.
- If you receive Letter 672C, there is no need to take any action unless you have questions about how your payment was applied. If you have questions, you can contact the IRS at the phone number listed on the notice.
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
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Click to ask Mike Ask Mike The Internal Revenue Service (IRS) Substitute for Return (SFR) is a term many taxpayers
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Disclaimer: This is educational content, not legal, accounting, or tax advice.Â
