IRS Substitute for Return: How SFR Filings Can Wreck Your Finances
When you don’t file your taxes, the IRS doesn’t just forget about it. Instead, they may file an IRS substitute for return (SFR) on your behalf. At first, this might sound helpful—until you see the bill. An SFR isn’t a favor. It’s the IRS’s way of assessing tax debt quickly and harshly, often leaving out … Read more
