Pays to be a President’s son . Trump is getting off from his tax problems too for years
So? Prison is not life sentence. He keeps the stuff, that's what matters. Besides, he should hire a good lawyer.
. Jail awaits and it could get worse if he waits it seems. Best he seek professional advice.I remember some guy ran away to some country and came back after 20 years and he was filing away too from there after his earlier fiasco but they got him for old records .OP has already been contacted by IRS so its a wrap sadly
------ quote start
Under current law, a person who owes federal taxes and fails to file a tax return can only be charged with a misdemeanor in most cases. If they are convicted, the misdemeanor offense is punishable by a term of imprisonment of not more than one year, and a fine of not more than $250,000, or $200,000 in the case of a corporation, or both.
But according to the Treasury’s new proposal, “any person who willfully fails to file timely required tax returns in any three years” out of five, and whose unpaid tax bill in that five-year period adds up to at least $250,000, “would be subject to a new aggravated failure-to-file criminal penalty.”
In these cases, the offense would be classified as a felony, and would be punishable by a term of imprisonment of no more than five years, a fine of up to $250,000, or $500,000 in the case of a corporation, or both.
---- quote end
really, 20 years after? OP you better get a good tax attorney to help you out or leave the USA for the rest of your live.
I wasn’t talking about myself. I read this somewhere. Some had problems living in Panama too years ago when IRS came after them in Panama. It was all over news.
