We all know the annual ritual: once January rolls around, you gather your tax documents to file your tax returns by the deadline.
now your return is late and unfiled.
current one either, out of fear of the IRS or because you need last year’s data.
If you have late, unfiled tax returns, you have an urgent problem that you should start to fix ASAP. The possible consequences include:
The IRS preparing and filing a return for you1—and almost always overstating the tax you owe by a lot!
The truth is that the IRS rarely criminally prosecutes people for not filing tax returns, but this can and does happen, especially in egregious cases and those of celebrities and public figures, such as Wesley Snipes.
The best way to avoid criminal prosecution is to come forward and voluntarily file any delinquent returns.
The IRS has a time-honored policy that, in general, it will not criminally prosecute for failure-to-file those taxpayers who
come forward and file their past-due tax returns