A question fot the tax gurus

[Twerpzilla]

Ok, at work todat, we got into a lively discusion about past owed taxes. One of my cowerkers did not pay her taxes about 4 or 6 or so years ago, and hasent filed since. She contends that the IRS can gop back however long they want, to penalize you. Most of us thought they could only go back 3 years or so. Who is right? Either way, we are trying to tell her the longer she waits, the more expensive the penilties and interest get. Heck, she probably would have gotten back more then she owed if she had filed her taxes the past few years, she has kids and a house, both good deductions. Oh well, the topic was a good lunch hour killer.

 

[PsychoAndy]

well, look at it this way. if she owes like $100,000, and you turn her in the IRS gives you a reward of 10% of what they owe

 

[Ameesh]

<< well, look at it this way. if she owes like $100,000, and you turn her in the IRS gives you a reward of 10% of what they owe >>




I'd turn her ass in.

 

[Aves]

<< I'd turn her ass in. >>

 

[Lucky]

i do believe that for NON-payment, there is no statute of limitations for the IRS.

 

[pyonir]

<< i do believe that for NON-payment, there is no statute of limitations for the IRS. >>


yeah...they got Willie Nelson...they can get you too.

 

[Twerpzilla]

She can't owe very much at all, and why stab a very nice co-worker in the back. After all, a person that is not bright enough to not tell oters that they have not filed there taxes in years needs all the help from friends that she can get!

 

[Pliablemoose]

Under special circumstances, the IRS can go back further than 3 years.

Your friend should get ahold of a good accountant/tax attny & fess up, there are multiple amnesty programs & things would go better for her if she makes the first move.

My several of my in-laws have been caught in similar circumstances, and it didn't go well @ all... The fines & interest start to compound & it can get pretty painful.

Or she can fake her own death & re-invent herself

 

[kranky]

<< she has kids and a house, both good deductions. >>



When the IRS finds out, she'll no longer have a house. Does your coworker realize they can seize her assets and bank accounts? The IRS has always believed that they have to stomp hard on people like her - the ones that flagrantly disregard the laws. I'm not talking about people who make an error on a form.

Unless she is getting paid under the table, all her earnings are being reported to the IRS. The day will come when they will wonder why they never get tax returns from her. It won't be pretty.

 

[NeoV]

yes, they can go back as far as they want if you owe them money.

She will have to file for each and every year she hasn't filed, but my question is why would she owe money unless she is taking too many deductions out of each and every check, or she makes quite a bit of money each year...in either case, she needs to get this straightened out, they can put liens on stuff, etc, etc...