Unfiled Tax Returns
It is a federal crime punishable by imprisonment and significant monetary fines for U.S. taxpayers to fail to file tax returns. Nevertheless, the IRS estimates that approximately 10 million taxpayers fail to file their federal income tax returns each year.
The IRS has targeted the problem of non-filers as one of its highest priorities. Willful failure to file a tax return in an attempt to evade responsibility to report income and pay the correct tax liability is a crime punishable by a maximum sentence of one year in prison for each tax year the taxpayer failed to file. However, if the failure to file rises to the level of tax evasion, that is a felony crime punishable by as much as five years in prison for each tax year the taxpayer failed to file. Clearly, it is important to come into compliance and file your returns before the IRS identifies you as a non-filer.
If you have failed to file your tax returns, contact us at Thorn Law Group’s Kevin E. Thorn at 202 349-4033 for assistance in coming into compliance. If the IRS has already begun an investigation into your failure to file, contact so that our experienced tax attorneys can help you work with the IRS to resolve the issue.