The IRS Filed a Substitute Return For Your Business. Here Is What That Means.

When a business does not file a required return, the IRS does not simply wait.

Using income information reported by third parties... 1099s, W-2s, bank interest reports... the IRS constructs a Substitute for Return on your behalf. They file it under the most unfavorable assumptions available. No business deductions. No credits. No context. Just gross income taxed at the highest applicable rate.

The resulting liability is almost always dramatically higher than what an accurate return would have produced.

A Substitute Return Is an Assessment, Not a Suggestion

Once the IRS files a Substitute Return and assesses the resulting liability, the debt becomes enforceable. They can file liens. They can levy. They can garnish. The same enforcement machinery that pursues any IRS debt pursues this one.

The fact that it was generated by the IRS rather than by you does not make it any less real or any less urgent.

The Path Forward Is to File the Correct Return

The IRS allows taxpayers to supersede a Substitute Return by filing an accurate original return for the same period. When that return reflects legitimate deductions and credits, the assessed liability often drops significantly.

At The Fixer Firm, we prepare and file those returns, negotiate the resulting balance, and pursue every available resolution pathway to bring the account current.

You should not owe what the IRS says you owe if the IRS was the one who calculated it without your information.

Take Back the Narrative

Contact The Fixer Firm today. We will file the returns, replace the estimates with your actual numbers, and pursue the resolution you are entitled to.

Schedule your Strategy Session today. www.thefixerfirm.co/startyourfix

This article is for informational purposes only and does not constitute legal or tax advice. The Fixer Firm™ | Alpharetta, Georgia | www.thefixerfirm.co