2 ms·
I don't think there is a statue of limitations for the debt, but there might be for failure to file each years. Best I understand it, they could throw you in ja
by DanielBMarkham 12y ago
I don't think there is a statue of limitations for the debt, but there might be for failure to file each years. Best I understand it, they could throw you in jail for "hiding", but they can only come and take everything you own for filing but failing to pay.
The temptation here is to let sleeping dogs lie, but I think this just makes it worse. I imagine if you don't make a lot, it's probably not worth their time to chase you, but heck if I'd want to live with that constantly hanging over my head. It's bad enough owing money you can't pay.
ADD: For what it's worth, I have a sneaking suspicion that there are a ton of people in this situation.