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TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry
(www.opensecrets.org)
this post was submitted on 07 Feb 2024
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Are you feeling superior over not filing your taxing?
The most likely scenario here is that if were you to file, you'd receive a refund. The IRS will happily keep your money.
However, if you have mucked with your deductions such that you are underpaying, you're playing a dangerous game.
As they say, fuck around and find out. In this case the fuck around part will especially unpleasant.
Hope you maintain cash only lifestyle because they will empty your bank accounts. They will garnish your wages. They will get a their money with penalties and interest.
Don't forget the 1 year of jail per year of not filing taxes if considered tax evasion. If you cannot pay your taxes they cannot jail you. Aka, file your taxes and don't pay your taxes and you should be fine. Don't file or pay and you might get hit with tax evasion eventually. More likely just get hit with an extra 25% of his taxes he didn't pay as it goes up by 5% a year until it stops at 25.
I didn't want to assume based off what little they provided since often this libertarian puffery but their follow up indicates clear intent to evade taxes.
Not filing is tax evasion a bit of research would alleviate them of any misconceptions on this.
There only hope is to file all those years and as you noted, ignore the penalties but I see no indication they'll be doing that anytime soon.
This type of person is the reason cash app and others are now required to report. And if this fool tries to skirt around by structuring payments under those limits, they'll fuck themselves in ways only money launderers experience.
The fact that they haven't hit the existing limits indicates they are living a life of poverty. They are putting themselves at substantial risk over tiny sums of money. Either that or they are structuring payments, at which point money laundering comes into play and whoever is playing along with them is putting themselves at substantial risk.