Past-due (delinquent) taxes create a stressful situation for taxpayers who fall behind or file late. Liens, wage garnishment, and fines only increase anxiety for those behind on their taxes. To make matters worse, there is a question of an even bigger punishment for delinquent taxes: Can you go to jail for falling behind on taxes?
All taxpayers know that tax evasion and tax fraud are felonies subject to harsh financial penalties, and possible jail time. What most of you may not be aware of is that owning certain types of software can also earn you an orange jumpsuit (along with a big dent in your wallet courtesy of Uncle Sam). … Read more »