2 ms·

How do you define "severely punished"? A quick Google search will turn up folks impacted by this taxation law in very severe ways. Sure, not death penalty sever

• bogomipz 10y ago
  The largest penalties the IRS levies are for failure to file which is 25% but there is absolutely no reason to incur this as you can always file for an extension, it can be done online. Penalties are generally you pay the difference and interest on that difference. The IRS doesn't make up arbitrary fines for people. The penalties are well documented and published. Yes the tax code is absurdly complex but the overwhelming majority of people in the US have no trouble with the IRS. The majority of people file a 1040[1] and get a small refund every year. Further the IRS is more than willing to work with people to resolve issues and will create an installment plan or payment schedule that will work for people's finances even if it takes years. There is no "pay this on the spot" or we will throw you in jail. That simply doesn't exist. Tax evasion on the other hand is something entirely different as that constitutes criminality in the eyes of the IRS. [1] https://www.irs.gov/pub/irs-soi/12rswinbulreturnfilings.pdf https://www.irs.gov/pub/irs-soi/12rswinbulreturnfilings.pdf