Failure to file an IRS tax return can be considered a criminal act with a punishment of one year in jail for each year you failed to file!
You may not want to file that IRS tax return, or you may not have the money to pay the tax you owe to the IRS, but the penalties for not filing an IRS tax return can be severe.
An IRS unfiled tax return is subject to a penalty of up to 25%
An IRS unfiled tax return is subject to an unpaid penalty on taxes owed of up to 25%
An IRS unfiled tax return statute of limitation is endless. |
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