Substitute return modified by subsequent delinquent return?

Can substitute return deficiency be discharge in bankruptcy
Can substitute return deficiency be discharge in bankruptcy
March 25, 2014
Do I file every delinquent return for each missing year?
Do I file every delinquent return for each missing year?
March 25, 2014
Show all

Substitute return modified by subsequent delinquent return?

Substitute return modified by subsequent delinquent return?

While the IRS is not statutorily forced to accept a return that you file after an SFR has been created and assessed upon, the IRS routinely will accept a subsequent return submitted by the non-filer. Once the IRS accepts the subsequent return, the tax penalties and interest previously assessed are reduced to what is calculated on the subsequent return rather than on the previous SFR.