2007-02-21 04:16:00 · 6 answers · asked by dinea6 1 in Business & Finance ➔ Taxes ➔ United States
Assuming that your income was reported to the IRS, at some point they'll notify you that you didn't claim the income, and send you a bill for the taxes due plus interest and probably penalties. This can take from a couple months to a year or more, but you WILL hear from them.
2007-02-21 09:32:17 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
When u'll pay tax for this year, the tax man 'll know that u didn't pay for the last year (9 months). So, he 'll ask u to pay along with interest! But, if he didn't find it out then u r lucky. But if u had paid tax for the year previous to the year having the 9 month period then it 'll be considered as a discontinuity so the taxman can easily catch hold of u and your chances of going scott free becomes minimum. So, the best option is to wait for the taxman's letter if u get it u pay else enjoy!
2007-02-21 12:34:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You go to jail.
This is very annoying to those of us who have to pay extra taxes to make up for people like you who don't.
2007-02-21 16:39:20 · answer #3 · answered by Quixotic 3 · 0⤊ 0⤋
The IRS comes looking for you...
2007-02-21 12:18:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You will eventually have to pay
2007-02-21 12:22:05 · answer #5 · answered by Mark R 1 · 0⤊ 0⤋
your screwed
2007-02-21 12:23:34 · answer #6 · answered by lee b 3 · 0⤊ 0⤋