If I haven't filed a tax return in 10 years but have never made over 10 K in a year , am I in deep trouble?

Answer 1

You are not subject to any penalty if you didn't owe any tax in any of those years.

You are expected to file only for six years back. You can only get refunds for three years back.

The IRS is quite helpful to nonfilers who want to get current in their taxes. You have virtually zero risk of being prosecuted. But if there is unpaid tax (i.e., tax in excess of withholding) there will be interest and perhaps penalties.

Answer 2

Probably not. Most of the time, you probably didn't owe any tax anyway on such a low income, if it were figured for all the possible deductions. So don't worry about it. But do start reporting your income, because the people you get it from may well report 1099 forms, and the IRS will be expecting to hear from you if you make more than the minimum for filing.

The minimum is always listed in the front of the instruction books that get stacked up in the post office. Just look and see whether your income is over the minimum, and if it is, take the instruction booklet and the tax form and Welcome to Responsible Citizenship, and being scalped for taxes like the rest of us every year.

Actually, though, you have been paying taxes all along. Even guys on welfare pay taxes; they pay sales taxes, the most inflated part of the tax structure. And excise taxes on liquor and cigarettes, which is also horribly inflated, but by different people. Sales tax is a local thing; excise on "luxuries" is federal.

Besides, once you start filing tax returns, you join us in our right to complain about taxes. Vote Libertarian for a change!

Answer 3

Oooo. You haven't been busted yet because it's such a low amount. They go for the biggest offenders first, but you're still on their list. You may get busted. It's all a gamble. I know someone who got busted for not reporting $300 worth of 1099 income. They didn't get audited, but they did get a revised return and a balance due plus penalties.

By the way, if this is cash income, they may never find out. Are there 1099's on it? Did you get checks? Checks are a paper trail. Cash is not.

Answer 4

That is very very hard to say...

I strongly recommend you contact a tax attorney.

He will likely advise you to back file all 10 years of taxes and voluntarily contact the IRS and tell them you want to make things right.

Answer 5

Uh..Yeah...Over $500 in a year you have to file..if you work every year you have to file...No if's and's or but's about it..Your screwed..Go to a tax guy now and get a good lawyer that works on tax cases only..

Answer 6

If your job pays you less than ten grand per year and you take a standard deduction with one dependent you owe no tax. if your job takes out deductions you are entitled to a refund...because you are a lowlife and didn't file a tax return it has probably cost you about a thousand dollars!!!!!!

Answer 7

Have you paid taxes in that time? If you have been paying taxes, your fines for not filing will probibly equal out to about what you would get back in a return.

If you haven't paid then yep...deep ****

Answer 8

they haven't had time to come knocking yet but hey will when you reach retirement age and file for social security then they will keep your retirement happened to a friend 25 yrs never filed after filing for social security by the 3rd check they came knocking

Answer 9

No, you would be a true believer in the constitution that states that taxes are iilegal.

Answer 10

yes, you better run homeboy!! they're gonna get you!! HA!HA!HA!