Re: If you had more then $10k in neteller in 2006 but didn\'t pay taxes
[ QUOTE ]
Is there a penalty for this 'amended return'? Obviously it is past its due date.
[/ QUOTE ]
Yes. As I understand it, the penalty starts from the day the tax was due. So everyday it is "late", interest is accruing.
I think anyone that doesn't file for 2006 and that doesn't file the FBAR paperwork is not too bright. Forensic accountants put into action by the DOJ have YOUR Neteller records. I just can't believe at this point anyway that the Neteller saga has drawn out this far just to prosecute the former owners.
I hate paying taxes, as much or more than the next guy, but not paying for 2006 is not worth the next few years (3?) of thinking an audit could happen. And if that audit did happen, you knowingly did not pay taxes. Claiming ignornace for the FBAR might be one thing, but that won't hold water for your taxes.
|