If you go to jail because of unpaid taxes, once you are out of jail is the debt paid?
2007-03-29 10:52:24 · 9 answers · asked by alegrettt 2 in Business & Finance ➔ Taxes ➔ United States
If I serve a jail term for stealing your motorcycle, can I keep the motorcycle?
Are you serious?
2007-03-29 10:58:41 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You don't go to jail for owing money in the US. You may go to jail for tax fraud, but not for owing taxes. Because the jail time is not for owing taxes, it does not effect the debt.
2007-03-29 18:30:48 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
No, and the IRS has a 10 year statute, from the date the tax is ASSESSED to collect, and in some cases they can "lean" on you to sign a waiver to extend the statute, especially if you are being a wise guy.
2007-03-30 17:03:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No. You owe the taxes, penalties and interest on the unpaid taxes.
2007-03-29 17:57:12 · answer #4 · answered by regerugged 7 · 0⤊ 0⤋
no because when u go to jail it does not make your debts paid
2007-03-29 18:02:52 · answer #5 · answered by BigTina 1 · 0⤊ 0⤋
Nope. It continues to grow as the interest and penalties are not abated while you're in The Big House.
2007-03-29 18:15:36 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Nope.
2007-03-29 18:36:15 · answer #7 · answered by Judy 7 · 0⤊ 0⤋
i guess. wouldn't you rather pay them?
2007-03-29 17:55:27 · answer #8 · answered by asif k 2 · 0⤊ 2⤋
No.
2007-03-29 17:55:05 · answer #9 · answered by Thomas K 6 · 0⤊ 0⤋