What happens if you don’t file your #taxes? #money #tax

[Melissa-yrfm]

Also, if you’re owed money, there’s never a penalty. IRS is not finding you if they owe you. They don’t care.

[rdg]

That's for those that don't get a return. If you over pay, the iRS may not care when you file.

[adde]

My family has called the IRS and said, "we don't have that money." They were SUPER nice about it. The IRS is only scary when you don't pay, being upfront about not being able to pay is just another thing they have paperwork for.

[jelliott]

My kids dad didn't file taxes for 4 years they didn't penalize him they actually call and send him a letter in the mail saying he only had 1 year left to final taxes before his income tax would be kept by the irs

[caink]

If they owe you money, then they don’t care if you file

[rebeccabigg]

I know a guy who didn't file his taxes for a few years. They didn't find out until he needed a secret clearance for work. Yes, he is a federal employee. 🤷🏼‍♀️. I skipped a year too, I owed. Don't recommend but not the end of the world.

[WenzelSays]

Also, if you are struggling there might be deductions that you qualify for at state and federal level to help bring down what you owe. Did you go back to school? Deduction. Are you a primary caretaker? Deduction. Did you have a majorly expensive medical procedure? Potential deduction. Did you donate money or goods? Potential deduction. You can Google state and federal deductions for the tax year you're filing and see what you qualify for. Keep receipts and emails. Put money into an HSA (health savings account) and reduce that taxable income. It's scary. But you got this.

[Lakehousebuild]

Really important to note, if you expect to be getting money from them, then there’s no penalty. They don’t care

[hughesmentor]

You only have to file if u owe money. If irs owes u money, they do not care if u dont file. In fact, they encourage it.

[avres]

If you claim zero and know that you will always get money back. You can file every three years. Because the government won’t do anything because they hope you forget and then they keep your money.

[bojeejee]

we pay these people to take our money… 🤔 and they can put us in jail…. Do you see something wrong with this picture.

[FortuneCookieLies]

It is crazy because they don't teach you it in school or at least they didn't in mine. It is the only thing that they don't tell you. It is the only thing that has a pay wall that requires an accountant.

[kryptokeeper]

Never had a issue with federal income tax, lol. But I filed my state business tax late once, the day I was filing less than 2 weeks after due date, they have every I mean every bank account checking and savings, personal and business accounts anything with social was frozen. Literally 2 weeks. And I owed nothing just for failing to file it was the time of year I didn't have income with particular business of mine, I was busy with others and really slipped my mind. Accountants save these worries lol.

[AA-zmow]

oh forgot you can file a extension before a deadline but its best to do it online print out the document & save it, call them asap to confirm that has been accepted as a extension,

[latenitesips]

SFR: Substitute For Return. This is when the IRS files your taxes for you, no deductions or exemptions, and assesses you the total due. File your own return, pay it later.

[jasonsmoak]

Please for the love of GOD send me a law stating We the People are legally suppose to pay taxes!

[Novanimator]

Good thing we don't pay taxes in jail😂

[janake]

IRS is not the entity to mess with. I learn one time. I file and keep it pushing.

[madisonashton]

I see a lot of people say if you usually get a refund don’t worry but at least get an extension if you can’t file by the deliver you never know if you might surprised and owe

[ajbrooks]

Also, you only have to file if you owe....