Substitute Tax Return Prepared by the IRS- What happens next?
When you do not file your tax return, the IRS will eventually notice and file a substitute tax return for you. This return will not take into account any deductions or exemptions you are entitled to.
The substitute return will be followed by a tax bill, which you must pay. If you ignore this bill, the collection process will start. This means your wages and bank accounts can be levied or a federal tax lien can be filed.
If you continually do not file, you can get stuck with additional penalties and criminal prosecution.
Do not ignore your tax returns. We can help you with past tax returns. We can help you with your IRS letters. We can counsel you to the correct routes to follow to clear up your problems. Let us help and sleep better at night!
Todd Courser 810-245-0813