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 CP59 is a letter sent to taxpayers who have not filed their tax return for a previous year. The notice will state the tax period and the form that the IRS believes you were required to file. It will also request that you file your return as soon as possible, or contact the IRS to explain why you do not need to file.
Reasons why it happened:If you receive an IRS Notice CP59, the first thing you should do is check your records to see if you already filed your tax return. If you did file your return, but you still received the notice, you can disregard it.
If you did not file your tax return, you should file it as soon as possible. You can file your tax return electronically or by mail. If you owe taxes, you should also pay them when you file your return.
If you cannot afford to pay your taxes all at once, you may be able to set up a payment plan with the IRS. You can also apply for an Offer in Compromise, which is a program that allows you to settle your tax debt for less than the full amount you owe.
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Disclaimer: This is educational content, not legal, accounting, or tax advice.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.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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