Article View: net.taxes
Article #797Re: Schiff
From: Jeanette Haritan
Date: Wed, 26 Feb 1986 21:21
Date: Wed, 26 Feb 1986 21:21
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1495 bytes
In article <1707@bbncc5.UUCP> mfidelma@bbncc5.UUCP (Miles Fidelman) writes: > >I don't remember where I heard this, but I believe that: > > 1. it is *not* mandatory to file an income tax return > > 2. if you don't, the IRS can "estimate" your income using > whatever information it can get its hands on, an then > send you a bill - it *is* mandatory that you *pay* (as > opposed to filing) - note: of course if your taxes are > withheld, and you don't want any refund, I'll bet the > IRS would be happy to keep the excess if you don't file On top of that, if you don't file, and you DO owe, rather than get a return or break even, the IRS tacks a charge that accumulated 5% monthly. This is in Maryland, I'm not sure if that applies to Federal.
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Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/5/84; site randvax.UUCP Path: arc1-ca.pugleaf.net!utzoo!watmath!clyde!cbosgd!ukma!psuvm.bitnet!psuvax1!burdvax!sdcrdcf!randvax!jeanette From: jeanette@randvax.UUCP (Jeanette Haritan) Newsgroups: net.taxes,net.legal Subject: Re: Schiff Message-ID: <65@randvax.UUCP> Date: Wed, 26-Feb-86 16:21:59 EST Article-I.D.: randvax.65 Posted: Wed Feb 26 16:21:59 1986 Date-Received: Sat, 1-Mar-86 03:10:46 EST References: <662@decwrl.DEC.COM> <1082@lsuc.UUCP> <1005@psivax.UUCP> <1707@bbncc5.UUCP> Reply-To: jeanette@rand-unix.UUCP (Jeanette Haritan) Organization: Rand Corp., Santa Monica Lines: 16