Does IRS charge a penalty if I don’t file a tax return?

You betcha! The IRS loves penalties, and they have over 150 civil penalties (at last count). Even tax resolution specialist have problems keeping up with the IRS penalty book.

 If you haven’t been filing your income tax returns, the IRS has you classified as a non-filer. If you are contacted by IRS in an effort to collect back taxes, you are going to have to file 6 years of back taxes before IRS will talk with you. Non-filing can be expensive. IRS calculates interest on unpaid taxes and penalties of 6%-8%.

Penalty for failure to file of 5% per month up to 25% of taxes due.

Penalty for failure to pay of .5% per month up to 25%, plus 1% per month after notice of intent to levy is issued.

About: Tax Mann

Bachelor degree in accounting. Passed the California bar 2004 Practice bankruptcy and tax resolution.