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Old 10-30-2007, 04:53 PM
Skallagrim Skallagrim is offline
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Join Date: Nov 2006
Location: The Live Free or Die State
Posts: 1,071
Default Re: Never paid taxes before... how much should I expect to pay?

20-30K! That might not be enough to get jail time, but is certainly enough to get a case going against you, and resolving that case will cost you far more in fines, interest, and legal fees than 100 CPAs.

Also, it depends on where you are, smaller jurisdictions give more attention to smaller amounts. And it depends on how blatant you are in failing to pay. A good faith mistake never results in an actual prosecution, just a bill for what you owe; deliberately failing to report almost always gets a prosecution, though it may take a bit more than 30K to get jail, but probably not much more.

Skallagrim

PS - and oldnantucket is absolutely right about the benefits of coming clean - you file and plead stupidity, you pay some money; dont file and either dont get caught or be prepared for the hassle of your life.
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