IRS Tax Debt - Didn't File Your Taxes? IRS Problems Are in Your Future
IRS Tax Debt - Didn't File Your Taxes? IRS Problems Are in Your Future
In fact, you risk owing twice as much if your decide not to File every year. Read the top 3 punishments for not Filing your Taxes. You'd be surprised to learn what can happen.
Top 3 Punishments For Not Filing:
1. Criminal Charges: You're a criminal now (if you weren't one already.) If the IRS finds you within six years of the Tax Return deadline, you can face criminal charges. You can be fined up to $25,000 for each year you don't file.
2. Penalties will be imposed if you don't file your taxes. Interest accrues on the unpaid penalties, too! There's no deadlines. The penalties and the associated interest can be assessed on the taxes you owe until your debt is paid.
3. Jail Time: The IRS can Jail you for up to a year in prison for each unfiled year. This is rare, but it can happen if owe a very large sum, or if you've been falsifying tax information. For example, Wesley Snipes was recently sentenced to three years in prison for three misdemeanor counts of failing to file tax returns - the maximum requested by federal prosecutors.
How They Find You:
Computerized Efficiency- The IRS has a computerized system built to hunt you down. This is known as the Computerized Information Returns Program (IRP). It matches information documents against tax returns you have filed. A Taxpayer Delinquency Investigation (TDI) is initiated if no tax return is found. The computer will send out notices, and even assign your own personal IRS Hitman to hunt you down.
The Field: Maybe you work under the table, so you decided not to file your tax returns. Maybe you don't keep your money in a bank account; so you think the IRS will never find you. Wrong again. The IRS has Field Agents that will catch up to you. The Revenue Officer can just ask to collect the debt, but the Revenue Agents will actually take your stuff to satisfy the debt. No one is immune to the IRS.
You've been warned... The lesson is simple. You have to file your taxes orall of the penalties and interest listed will be waiting for you. No one is immune to the IRS. Avoid harsh punishments, and file your taxes.
Now You Have The Smoking Gun...Use it!
Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips to get you tax debt settled one and for all with the IRS. Visit at: http://www.irs-offer-in-compromise-hq.com or http://www.taxdefensenetwork.com or call 1-888-248-9058.
http://www.articlesbase.com/finance-articles/irs-tax-debt-didnt-file-your-taxes-irs-problems-are-in-your-future-4545696.html
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