Failure to File Penalty….    5% per month up to a maximum of 25%.

Failure to Pay Penalty…..   .5% per month up to a maximum of 25%

That means without regard to interest…. after 50 months of non-filing, you have added 50% to what you owe.

File your tax return…don’t pay it if you don’t have the cash to pay it, work out an installment agreement.  But ignoring it will do nothing but make your problem bigger…at least 25% bigger just by being 5 months late…

Filing your taxes is really about life….run AT the problem, not away from it.  It is far better to file your tax return and have it filed among million of tax returns than to wait until the IRS is demanding it and have to turn it in to someone that will give it scrutiny.

That’s all I got for now.

I said it…and that’s that. Smile, make a difference, go support live music. I am outta here. KEKO