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 CP2057
IRS Notice CP2057 is a notice that the IRS sends to taxpayers when there is a difference between the income reported on their tax return and the income reported to the IRS by employers, banks, and other payers. The IRS wants you to review your records to make sure you have not underreported your income on your tax return.
Reasons why it happened:- You forgot to report income, such as interest income from a savings account or dividend income from stocks.
- Your employer or other payer made a mistake on the information they reported to the IRS.
- You are the victim of identity theft and someone else is using your Social Security number to file tax returns.
- Review the notice carefully to understand what income the IRS received about you from others and how it is different from the income you reported on your tax return.
- If you agree with the information reported by other sources, you will need to file an amended tax return (Form 1040X) to correct your original return.
- If you do not agree with the information reported by other sources, you can contact the sources directly to ask them to correct their records.
- Once you have corrected the error, you should send the IRS a copy of your amended tax return or documentation showing that the other sources have corrected their records.
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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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
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Disclaimer: This is educational content, not legal, accounting, or tax advice.Â
