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 CP71
An IRS CP71 Notice is a reminder from the IRS that you have an unpaid tax balance. Your account may be in deferred status, which means that the IRS is not currently collecting on your debt, but you still owe the money.
The CP71 Notice will show you the total amount you owe, including interest and penalties. It will also give you a date by which you need to pay the debt in full to avoid additional penalties and interest.
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Reasons why it happened:
- You filed your tax return on time but did not pay the taxes you owed.
- You filed your tax return late and did not pay the taxes you owed.
- You did not file a tax return.
- You made a mistake on your tax return that resulted in an underpayment of taxes.
Options for responding:
- If you receive an IRS CP71 Notice, it is important to read it carefully. The notice will explain your options for paying your debt.
- If you can pay your debt in full by the due date, you should do so. You can pay online, by mail, or by phone.
- If you cannot pay your debt in full by the due date, you can contact the IRS to set up a payment plan. The IRS will work with you to create a plan that fits your budget.
- If you believe that you received the CP71 Notice in error, you can contact the IRS to dispute the debt. You will need to provide documentation to support your claim.
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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Disclaimer: This is educational content, not legal, accounting, or tax advice.Â
