Wednesday, February 4, 2009

Civil and Criminal Penalties for Not Filing Past Due Returns

If you do not file your past due tax returns and pay your tax by the due date, you will have to pay penalty. You also may have to pay a penalty if you understate your tax, file a untrue return or fail to supply your social security number. If you provide an untrue or fraudulent information on your return, you may have to pay a civil fraud penalty.

You can be subject to criminal prosecution and borough to trial for the following actions:

1. tax evasion
2. willful failure to file a return, supply information, or pay any tax due.
3. fraud and false statement, or
4. preparing and filing a fraudulent return.

The above is tax code and clarification can be found at irs.gov

The bottom line is: Taxpayers should file their past due tax returns if required to file in order to avoid any possibilities of being accused of tax evasion. It is one thing when you take the time and send in your past due tax returns. But when the IRS has to locate you, contact you and then communicate with you, that's another thing.

Regardless of how bad a taxpayers situation is, it is ALWAYS best if you file your past due tax returns BEFORE the IRS contact you.

For affordable help in filing your past due returns and providing a correct, honest and acceptable return, contact: http://taxeswilltravel.com/pdr.htm
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