Wiki How to Forum

 

Go Back   Wiki How Forum > Personal > Business & Finance

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-27-2008, 03:48 PM
Fer Fer is offline
Stuff
 
Join Date: Mar 2008
Posts: 6
Default What could happen if you do not file tax returns?

Hi My friend hasn't filed a tax return in at least 15 years. What can happen to him the they discover this?
Reply With Quote
  #2 (permalink)  
Old 03-27-2008, 03:50 PM
Junior Member
 
Join Date: Mar 2008
Posts: 7
Default

Well, Nothing - unless he owed money.

In which case, they would have found him already.

And it would be very bad.

That's why it's called a 'tax return', you are trying to get back as much of the money that you should have been paying during the year to make sure you have enough to cover your taxes.

As long as he was putting money in - they don't care to keep the extra. It's his loss if he could've filed a return and gotten some of his cash back.

I always use taxact.com - it's simple, almost completely electronic (I had to print out and sign one form - I didn't even have to send in my W-2's!!!). It's like 20 bucks for a basic return. I've used it for years now - and I'm never giving money to H&R block or anyone else - ever again.

Some people have more elaborate tax situations - like if they run a small business or something - then it's a good idea to get some tax advice.
Reply With Quote
Reply

« - | - »
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump


All times are GMT. The time now is 04:34 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.