When State and IRS databases are unable to reconcile the income reported by banks, employers and others against your social security number, substitute returns (SFR) are filed for you.

Tax Debt Relief

Self Help

This article is a must read for those that have back taxes that have again surfaced due to a failure to file and the slow but relentless pursuit by State and IRS authorities to collect the past due liability. The vast majority that have failed to file returns believe they have problems of monumental proportion when the reality is normally far from the figments of imagery, conjured. These misperceptions are spawned and fueled by a collection notice seeking to collect more late taxes, delinquent penalties and interest, than you likely owe.

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A claim for a refund must be made within three years from the due date of the return or two years from the time the late taxes are paid back whichever, is later. Withholdings from wages and other sources are considered paid on the due date of the return. If a return is not filed to claim a refund within the period prescribed by the statute of limitations the IRS will not issue a refund check or apply a refund to offset the liability of another year. As a result, an individual with back taxes may be forfeiting offsets and refunds by failing to file back tax returns.

Individuals seeking offer in compromise relief must file all back tax returns to establish the total delinquent debt before submitting an offer, to do otherwise is to solicit offer in compromise rejection.

Filing late tax returns almost always substantially reduces the amount of income used to determine your liability and subsequently results in the reduction of late taxes, penalties and interest in proportion to the reduction of income subject to taxes and the result is often case closed elimination of the debt and/or refunds.

Note: State Statute of Limitation rules are dependant on location.

Your taxable income on a substitute return is determined by subtracting a standard deduction and one personal exemption from the gross income reported by employers, banks and others and is not reduced by business expenses, credits, deductions or other exemptions that you are entitled to claim. As a consequence, the alleged back taxes, late penalties and interest are based on income that is not subject to taxes.

Everyone, and especially those that have lost the documentation required to prepare their late tax returns must retrieve IRS and State income transcripts to insure must match return input and permanent resolution of back taxes

Our fees are always known in advance, all inclusive and structured to make our services available to everyone and we literally dare you to compare our fees with those of our competitors.

In the event, that you call for help our privacy policies guarantee that you will not receive future unsolicited sales calls or correspondence in any form and that "only" contact initiated by you or required to provide services that we have been commissioned to provide will occur at any time, now or in the future.

Our initial "no obligation" interview will gather enough information to analyze your specific circumstances and provide a reasonably accurate estimate of future expectations.

There are no Statutes of Limitation associated with either the collection or assessment of liabilities, penalties or interest that results from a failure to file a return.

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SUBSTITUTE RETURNS

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