For my fellow procrastinators whose federal tax returns are on extension, with the October 15th deadline rapidly approaching, perhaps the burning question has crossed your mind, “If I file electronically while the government is shut down, will my return be accepted?” Yes, I can happily report that a return electronically submitted to the IRS at 3:43 … More Filing Tax Returns During the Silly Season
By George W. Connelly Well for starters, it won’t be very happy! Beyond that, the IRS has several avenues it can pursue. In extreme situations, such as where a taxpayer owes a considerable sum of money and has not filed for several years, the IRS may consider pursuing criminal liability under I.R.C. § 7203, which makes … More What Will The IRS Do If You Don’t Prepare An Income Tax Return?