What Happens If You Don't File Your Taxes? Consequences of Not Filing!
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- Опубликовано: 10 июл 2024
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Today I am talking about what happens if you don't file your taxes. I answer this question from two perspectives:
- First, I talk about what happens if you don't file your taxes from a procedural program within the IRS: What will the IRS do if you don't file your tax returns?
- Then, in the second part of this video, I discuss the consequences of not filing your taxes.
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⬇️ Other Tax Relief Videos Mentioned in This Video:
- How to File Back Taxes: • How to File BACK TAXES...
Table of Contents:
0:00 What Happens If You Don’t File Your Taxes?
1:30 Two Ways to Answer This Question
3:19 Why the IRS Cares About Unfiled Tax Returns
3:35 The IRS Is Interested in Assessment and Collection
5:33 The IRS Will Attempt to Secure a Tax Return From the Taxpayer
5:44 The IRS May Prepare a Substitute For Return For the Taxpayer
5:52 Policy Statement 5-133 (6-Year Tax Compliance Window)
6:51 Notice CP59
8:06 What Address Will the IRS Send These Notices To?
9:50 Notice CP515
10:14 Notice CP516
11:16 Notice CP518
11:51 Substitute For Return: The IRS’s Authority to Prepare
13:27 Automated Substitute For Return Program and Requirements
16:09 Revenue Officers Can Refer Manual SFRs to Be Created
16:20 How Does the IRS Actually Prepare SFRs?
17:08 IRS Taxpayer Advocate Service (TAS) Criticism of ASFR Program
18:24 How the IRS Assesses Tax Based on SFRs
18:36 30-Day Letter
20:23 90-Day Letter (Statutory Notice of Deficiency)
21:50 Consequence of Not Filing Your Taxes
22:31 Consequence #1
23:48 Consequence #2
26:24 Consequence #3
28:01 Consequence #4
28:26 Consequence #5
28:49 Consequence #6
30:32 Consequence #7
31:36 Consequence #8
32:06 Consequence #9
33:35 Consequence #10
34:02 Consequence #11
35:31 Consequence #12
#tax #taxes #taxreturn #taxreturns
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@@richfuller Probably not screwed since you may not have a tax return filing requirement anyway.
You're screwed, can't stop laughing. Great title.
Thanks, Alan!
Glad I found you. Haven't filed in 4 years. I need to get on it. ASAP been stupid.
Hi Reforged. No worry. We can help you with this. Please email me directly at logan.allec@choicetaxrelief.com. Thanks.
The ONLY reason to file a tax "return" is IF you're LIBEL FOR THE TAX. TAXABLE YEARS ENDED AUGUST 16 1954 passed into LAW by the 83rd Congress and recorded in volume 68A AS LAW PUBLISHED in the United States Statutes at Large along with the Federal Register. Google 26 CFR 1.0-1 paragraph (d) clearly says TAXABLE YEARS began December 31 1953 and ended.....AND ENDED....AND ENDED AUGUST 16 1954. The IRS tries to create a libelity to pay a tax but if the tax had died/expired legally then there is no reason to file.
Sounds interesting tell me more about it
Any enforcement/compliant provisions took place the day AFTER the day of ENACTMENT AUGUST 17 1954 but on that day there was no tax to enforce as the tax by LAW died/ expired the day before August 16 1954 so there has NOT BEEN AN ENFORCEABLE INCOME TAX for 70 years!!
So I filed in 2020 by paper and it's now 2022 and it still isn't processed. I've read they r still behind. So did my thing get lost in the mail or are they just that behind still. I've called but they dont have an answer, that wouldnt involve going thru thousands of mail slips to find it. What do I do
I have SFRs for 2010 and 2011, CSED is 2025 and 2027. I have an inheritance coming and want to end the IRS collection earlier than CSED. I had basically no profit for those 2 years after my self employed write offs. Should I file those returns now?
I no longer file taxes because my tax guy told me i didn't make enough to file. My only income is widowers benefit i get my husband's social security because he passed away. So do i still have file? I'm confused... thanks...
😳😳😳😳… I missed filing 2015 and I’ve been lacking it… need to go back and file
Has the IRS been asking for it?
@@LoganAllec no… they have never contacted me or so but my former employer did give me a 1099
Hello Logan, I have 'nt file federal tax return for more than decade now. I received cp 504 notice. My IRA account was levy. How can resolve the IRS issues. Thanks.
On a different subject anybword if we will get a stimulus check this year not for the ones with kids but regular working people
I don't think so at the federal level. I know some states are working on some payment programs.
Do people that are on social security have to file taxes? I think most states make them file I could be wrong
How if you take money out of 401k like 2k$ but then you stop working due to pregnancy and become a full time mom for 6years.so haven’t filed to pay for that money.what will you do?
Pay your taxes file on time. Make life a lot easier you don't want CRA or IRS after you trust me
In all sincerity, could you explain how it makes life easier?
IRS should go after all congress and the federal system private or government. Covid wallstreet crash and save by the feds.
Are we going to get a 4th stimulus check? Just curious
I don't think we'll get one at the federal level.
LOL one time I did not file for 3 years...than I got 4k back
Yes, you can get a refund for the past three years' of tax returns. If you would be owed a refund on a tax return, the IRS generally doesn't care if you don't file. The only downside is for those folks who miss the three-year deadline to get their refund. In their case, their refund is lost forever!
@@LoganAllec so I inherited about a million
probate is closing next month..not sure what taxes I have to pay,,,(captital gains on house and stock account...I may call you..Im also in Calif (Orange County)
What about homeless
So this is how a channel disappears.
Rip
Going to get much worse with new digital dollar and end to paper money! Comes in August.
The good part is California is going off your 2020 taxes
Now that is stupid why is that a problem alot of people don't file taxes WTF is this world coming to
Because sometimes life gets in the way, sometimes people get sick and can no longer do the things regular people do.
Pp
Mr satan REEEEE REEEEE REEEEEEEEE