What happens if don’t file taxes?
What happens if don’t file taxes?
Failure to file or failure to pay tax could also be a crime. The IRS recognizes several crimes related to evading the assessment and payment of taxes. Under the Internal Revenue Code ยง 7201, any willful attempt to evade taxes can be punished by up to 5 years in prison and $250,000 in fines. Dec 13, 2021