Steve PerrySFR assessments overstate tax because the IRS sees income only and do not consider expenses.
Steve PerryA Substitute for Return is not a complete taxpayer return. It is the IRS using available records to assess tax when a return is missing.
Steve PerryThe IRS often needs compliance before full payment. Filed returns, current payments and notice response help preserve resolution options.
Steve PerryFailure-to-file and failure-to-pay penalties are different. Filing even without full payment can limit damage and preserve IRS resolution options.