If you receive a notice from the IRS indicating that you owe a great deal more than you would have anticipated for a certain tax year that is because the IRS filed a tax return for you. If you do not file your own tax return, and allow them to do this for you, you will not be entitled to any credits or deductions, and you will be taxed at the highest rate possible. These IRS filings are known as ‘Substitute for Returns,’ and are incredibly harmful to any taxpayer. It is always a good idea to file your tax returns, even if you cannot afford to pay the taxes you owe for that year. This will ensure that the IRS does not file for you, and you will have a much better shot a paying off your debt at a reasonable fee. Should the IRS file your returns, there are strategies that we can utilize in order to reverse the process.
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