Cracking Down: The IRS is impartial. They don't care if you're famous or rich. If you're trying to avoid paying taxes, they're going to catch you. And when they do, the penalties will be fierce. Recently, Dancing with the Stars Winner and famous Race Car Driver Helio Castroneves has been charged with conspiracy and six counts of Tax Evasion for failing to report income to the IRS.
Singing the Blues: So now you know the IRS can legally send you to jail for not filing.Have you neglected to file your taxes? You may be on the fast track to suffering Wesley Snipe's fate. But don't worry, it's not too to find a solution for your Tax Debt.
Stay Above Water: The best way to avoid debt with the IRS is to file your taxes every year.But if you didn't do this, you need to contact the IRS and negotiate a payment solution. This is not easy. The longer you've gone without paying your taxes the more complex the process becomes. And if you don't act quickly the IRS may place a Tax Levy or Lien on you without notice. It's a good idea to hire a Tax Professional to help you with this process - But Beware...
The third crime of which you can be convicted under law is failure to file an income tax return. As a misdemeanor, you can face 3 years imprisonment and a $25,000 fine for each year you failed to file your income tax return.
Too Late? So what should you do if you've failed to file your taxes or report income for the past couple of years? You need to know that the IRS is really cracking down on people who are evading taxes this year. They are even making examples out of famous people like
Bottom Line: The IRS doesn't care about your social status. The IRS only cares about one thing- getting their money. You may have dodged the IRS for now, but just like they caught up to Wesley Snipes- they WILL catch up to you. Don't hesitate in settling your Tax Debts!
Singing the Blues: So now you know the IRS can legally send you to jail for not filing.Have you neglected to file your taxes? You may be on the fast track to suffering Wesley Snipe's fate. But don't worry, it's not too to find a solution for your Tax Debt.
Stay Above Water: The best way to avoid debt with the IRS is to file your taxes every year.But if you didn't do this, you need to contact the IRS and negotiate a payment solution. This is not easy. The longer you've gone without paying your taxes the more complex the process becomes. And if you don't act quickly the IRS may place a Tax Levy or Lien on you without notice. It's a good idea to hire a Tax Professional to help you with this process - But Beware...
The third crime of which you can be convicted under law is failure to file an income tax return. As a misdemeanor, you can face 3 years imprisonment and a $25,000 fine for each year you failed to file your income tax return.
Too Late? So what should you do if you've failed to file your taxes or report income for the past couple of years? You need to know that the IRS is really cracking down on people who are evading taxes this year. They are even making examples out of famous people like
Bottom Line: The IRS doesn't care about your social status. The IRS only cares about one thing- getting their money. You may have dodged the IRS for now, but just like they caught up to Wesley Snipes- they WILL catch up to you. Don't hesitate in settling your Tax Debts!
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Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: How You Can Get A Pay-day Loan You have full permission to reprint this article provided this box is kept unchanged.
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