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 CP15
An IRS CP15 notice is a notice from the IRS that you have been assessed a penalty. The notice will explain why you were assessed the penalty and how to pay it.
Reasons why it happened:
- Failing to file a required tax return
- Failing to pay taxes on time
- Underpaying taxes
- Filing an inaccurate tax return
- Failing to report foreign income or assets
What to do:
- Pay the penalty. You can pay the penalty online, by mail, or by phone.
- Dispute the penalty. If you believe that the penalty was assessed unfairly, you can dispute it by filing a protest letter with the IRS.
If you choose to dispute the penalty, you will need to provide evidence to support your claim. The IRS will review your evidence and make a decision about whether or not to waive the penalty.
Tips for avoiding this:
The best way to avoid receiving a CP15 notice is to file your tax returns on time and pay your taxes in full. If you cannot pay your taxes in full on time, you should contact the IRS to discuss payment options.
You should also make sure to file an accurate tax return. If you have any questions about how to prepare your tax return, you should consult with a tax professional.
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
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Click to ask Mike Ask Mike The Internal Revenue Service (IRS) operates within specific timeframes dictated by statutes of limitations
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Disclaimer: This is educational content, not legal, accounting, or tax advice.Â
