As a legal assistant, I can provide general information on the consequences of not filing taxes. Failure to file taxes may result in both civil and criminal penalties.
Civil penalties include fines, interest on unpaid balances, wage garnishments, seizure of property, and a lien on property. Additionally, the IRS may impose penalties for failure to pay estimated tax, failure to deposit certain taxes, and failure to file information returns.
Criminal penalties may include fines and/or imprisonment. Criminal penalties are typically only imposed when there is evidence of intentional tax evasion or fraud.
It is important to note that the consequences of not filing taxes may vary depending on the specific circumstances of each case. Some individuals may be unable to file taxes due to circumstances outside of their control, such as a medical emergency or natural disaster. In these cases, the IRS may be willing to work with the individual to waive penalties or set up a payment plan.
If an individual has not filed taxes in one or more years, it is recommended that they seek the advice of a licensed attorney or financial advisor to determine the best course of action. The individual may need to file back tax returns and negotiate with the IRS to resolve any outstanding tax issues.
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