What is common the things to happen in the event of an unfiled tax return?
Unfiled tax returns only signify one thingand that is being in real trouble with the Internal Revenue Service. If for example you owe IRS some taxes for about ten years, then they will compute it all. They will try their level best to reach you through your old address. If in this event you have moved out of the country and once you come back, IRS will go after you demanding your dues for your taxes in the entire year of your absence. When such case arises, you know one thing for sure. You know that you can be condemned for tax evasion. This is a crime which is punishable by the law. IRS will be very religious in sending you reminders. At one point, these reminders will become unfriendly and you will just be shocked to receive a Notice of Intent to Levy all your wages and assets.
Related Questions
- AM I REQUIRED TO MAKE ANY DECLARATIONS OR FILE ADDITIONAL ENCLOSURES ALONG WITH THE TAX RETURN AND HOW DO I MAKE ANNUAL ADJUSTMENT FOR THE COMMON INPUTS?
- If there are multiple events with a common finish line, what happens if a participant decides to switch from one event to another?
- What was the most common problem on the 2007 event?
