tax assessment

If you don't file your returns, The IRS may file for you.

When a taxpayer does not file a return for one year or many years, frequently the IRS will file the return(s) for them. When the IRS files a Substitute Filed Return (also known as an SFR) most of the time the taxpayer will end up owing significantly more in back taxes than if they had filed themselves.

You should understand the top reasons for income tax audit so that you can avoid one yourself. The first and foremost reason for income tax audit is filing inaccurate returns. This usually happens when income tax returns have not prepared by a certified tax professional who knows your situation. This makes perfect sense even if you feel you are capable of doing it yourself. We tend to make mistakes while preparing our own income tax returns– and while a few mathematical errors are usually not serious, several mistakes can draw unwanted attention of the IRS.