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Unfiled Tax Returns Can Lead To An IRS Action That Costs You Money
With tax filing season in full swing, it’s important to understand what might happen if you do not file a U.S. income tax return. The IRS can, and often will, file a “substitute” return for you and generally, it won’t be favorable. Taxpayers living and working abroad face greater risks with a SFR. The IRS Automated Substitute for Return program is a powerful tool designed to enforce tax compliance for individuals who fail to file their federal i…
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