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
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.
Reasons why it happened:There are a few reasons why you may have received IRS Notice CP518:
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:
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.
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This is a tax debt resource website, not to be used in lieu of a tax attorney or for legal advice. All information, Ai chat responses, articles, materials, and content are intended to inform users on a variety of tax topics. In no way is it intended to be construed as accounting, legal, tax, other services or advice. This site is not intended to be used to avoid tax penalties or tax debt that may be imposed by law. Terms and Conditions. Your use of this site constitutes acceptance of the following terms and conditions.Â
This is a tax debt resource website, not to be used in lieu of a tax attorney or for legal advice. All information, Ai chat responses, articles, materials, and content are intended to inform users on a variety of tax topics. In no way is it intended to be construed as accounting, legal, tax, other services or advice. This site is not intended to be used to avoid tax penalties or tax debt that may be imposed by law. Terms and Conditions. Your use of this site constitutes acceptance of the following terms and conditions.
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