State Accepts Replacements of Substitute for Returns in Socorro, NM
IRS Replacement of Substitute for Returns– 08-03-2021
Taxpayer Situation: As a result of the taxpayer’s failure to file returns, the State of New Mexico Taxation and Revenue Department filed several Substitute for Returns and assessed the taxpayer with $29,655 in over-inflated additional taxes.
Resolution Outcome: Legacy Tax & Resolution Services successfully negotiated a State of New Mexico Taxation and Revenue Department replacement of Substitute for Returns for a client in Socorro, NM. Legacy Tax & Resolution Services determined the other outstanding returns, prepared and filed ALL outstanding returns, and monitored the acceptance of the returns. The correct liability for all outstanding returns was $4,569.
Total Savings: $25,086
If you need help negotiating with the IRS or State, don’t hesitate to contact Legacy Tax & Resolution services at (855) 829-5877.