The IRS can levy or lein against your bank account,or anything that you own, They can garnish you wages, the debt is also recorded on your credit report if you persistantly ignore the notices that they send you.. If you have any refunds in the future they will keep those refunds to pay towards what you owe.
The penalties and interest continue to accrue until the balance is paid in full.
Some employers when notified of a Federal Tax Lein will terminate the employee by not abiding by certain employer rules
2007-04-21 12:14:38
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answer #1
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answered by Anonymous
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Fines, penalties, and seizure of property to satisfy those taxes. Oh, and possible jail time.
If you don't like your taxes, you have the power of the vote to try to change them.
In the meantime, since you benefit from your taxes and those of your neighbors (free education, police and fire protection, etc., etc.,) perhaps you should go ahead and bite the bullet and pay along with the rest of us.
2007-04-21 19:36:49
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answer #2
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answered by smallbizperson 7
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Possibly going to jail
2007-04-21 19:11:20
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answer #3
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answered by bestbet77 3
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Penalties, interest charges, and jail. Plus garnishment
2007-04-21 19:19:21
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answer #4
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answered by emulwa 2
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Getting thrown in jail and being some big tattooed bloke's buttery cornhole.
2007-04-21 19:09:51
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answer #5
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answered by Al_ide 4
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they can garnish your wages and they can throw you in jail without a court trial.
2007-04-21 19:10:18
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answer #6
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answered by Lex 4
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you get shiny bracelets for your lack of contributions to the gov.
2007-04-21 19:14:12
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answer #7
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answered by NekoPurrPurr 2
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JAIL!!!!!!!
2007-04-21 19:09:42
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answer #8
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answered by Derek B 4
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