The Soapbox

PBCHoo

Joined: 08/15/2017 Posts: 637
Likes: 920


If you don’t file a tax return…


…eventually, the IRS will prepare a “substitute for return” based on the information in its possession.

However, this SFR will not include items such as business deductions, cost basis, tax credits, or itemized deductions, so you may end up paying a lot more this way (plus penalties and interest).

(In response to this post by 81_Hokie)

Posted: 08/22/2023 at 5:29PM



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Current Thread:
 
  
Some of Ramaswamy's positions (from Wikipedia) -- TomGlansAski 08/22/2023 2:54PM
  Don't threaten the cartel, they'll take you out -- Oregon Hoo 08/22/2023 6:17PM
  Nuance ** -- Tuckahokie 08/22/2023 4:18PM
  I got the same "get bad brown man" memo, too!!!! ** -- ResistHoo 08/22/2023 3:51PM
  Lolz! ** -- vwahoov 08/22/2023 4:08PM
  Not surprised you'd want to do that! ** -- TomGlansAski 08/22/2023 3:56PM
  LOL! In an old job we called that OMA. ** -- Seattle .Hoo 08/22/2023 3:26PM
  It should have been! ** -- TomGlansAski 08/22/2023 3:23PM
  Let me pick just two. 1) Abolish the IRS. Why? -- HoosWillWin 08/22/2023 3:07PM

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