2006-10-13 05:34:27 · 9 answers · asked by spooner 3 in Politics & Government ➔ Government
The government agency you owe the money to will take you to court for tax evasion, You can go to prison for it as well as pay a huge fine.
There will be interest on the taxes that are past due, they will garnish your wages (pay) they will seize your property; this includes cars, jewelry, tax returns, your home (or put a tax lien on your home.)
It is best to pay up or if you can't pay all at once make a deal to pay by the month until you are payed up in full (the payment will have to be more than the annual interest, on $2,000 that is at least $20 per month.)
2006-10-13 05:48:14 · answer #1 · answered by my_iq_135 5 · 1⤊ 0⤋
You'll end up paying back the $2,000 plus interest and penalties which could easily increase the amount you'll have to pay back to over $5,000. To ensure they get the money due the IRS can take everything you own.
Keep in mind that in this country you are normally innocent until proven guilty EXCEPT when it comes to the IRS were your guilty until proven innocent. The IRS has a motto "Pay now or pay a lot more later".
2006-10-13 12:50:06 · answer #2 · answered by radar 3 · 0⤊ 0⤋
If you follow the rules the IRS will request payment arrangements.
I've heard tales of people bucking the IRS to the point of losing businesses, homes, etc. Contrary to the "voluntary" compliance stipulated in the code.. Google "Joe Bannister" and IRS
Bannister a former investigator for the IRS-CID indicates compliance with tax code is voluntary not manditory, he indicates based on 5th amendment arguments that signing a 1040 form is waiving your right to self incrimination.
Something to think about.
2006-10-13 12:46:31 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I'm tracking your answers cause funny enough...I'm in the same spot. I was told you have wages garnished. I handed the info to my lawyer and he's taking care of it now. I think we're setting up payment arrangements now. I don't know...it's been awhile since I've heard from anyone.
2006-10-13 12:44:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
they will put a lien on anything and everything you own. they will garnish your pay check, or, they could drain your bank account.
those are all worst case scenarios.
in reality, you will have to pay it back...WITH INTEREST.
2006-10-13 12:40:48 · answer #5 · answered by afterflakes 4 · 1⤊ 0⤋
if your illegal nothing happens....if your middle-clas American the IRS will out a lein on your property!
2006-10-13 12:37:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you'll be tracked down eventually, then taken to jail.
2006-10-13 12:41:25 · answer #7 · answered by Snuz 4 · 0⤊ 0⤋
lien on you possessions
2006-10-13 12:40:58 · answer #8 · answered by aaricka 4 · 0⤊ 0⤋
you get butt fuked in jail for a few years....
2006-10-13 13:00:27 · answer #9 · answered by Anonymous · 0⤊ 0⤋