What happens if you don't pay your taxes

Thinking about dodging taxes as an American?

Let's see what happens when you choose this path, but be warned, it's not a smart one. 🚫

1️⃣ The IRS has access to information you might not realize, including 1099-K forms from payment processors. They cross-reference these with your tax returns.

2️⃣ If you don't file, the IRS can file a substitute return for you. This is usually not in your favor.

3️⃣ Failing to file means the statute of limitations remains open indefinitely. That's a risk you don't want.

4️⃣ If the IRS catches you, you'll face a mountain of penalties and back taxes. It's not a situation anyone wants to be in.

In the end, it's better to handle your finances responsibly and ensure you're not facing any surprises from the IRS down the road.

Pay your fair share, and you won't have to worry about penalties or legal issues! 💡

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Check out JJames'stop recommended videos here. These are cornerstone videos that should answer many of your questions.

-----Longer videos that explain it all!
How to Legally Pay NO US Taxes - https://www.youtube.com/watch?v=XbwVGJdeXzo
How to Legally Pay NO US Taxes (part 2) - https://www.youtube.com/watch?v=Z3hrWCyC6Xo

-----Guides and How tos
Annual reporting for a foreign-owned multiculti-members (Masterguide) - https://www.youtube.com/watch?v=j2lAgZ3nrgQ

What is Form W-BEN, and why do I need it https://www.youtube.com/watch?v=KiuDb-IqfLM

Which payments from US Companies are subject to withholding? https://www.youtube.com/watch?v=aVV80um2EJU&t=6s

How to complete Form W-8BEN - https://www.youtube.com/watch?v=JXaD-w42CAM

How to complete Form W-8BEN-E - https://www.youtube.com/watch?v=_6Lqr4srKto&t=0s

How to get an ITIN - https://www.youtube.com/watch?v=skmtfumWq3g

-----And don't forget to check out all of the"" "ALLS WITH JI"""https://www.youtube.com/playlist?list=PLy9mc3SujIpbWfE5CZhEYH-zLRyV-are0

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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -

What are sales taxes? https://www.youtube.com/watch?v=-IPTFf225-8

What is a resale Certificate , and Why do you Need it - https://www.youtube.com/watch?v=LWoFc4dkcAk

How to get a Florida Resale Certificate, Part 1 - https://www.youtube.com/watch?v=-YhDXdAuBB8

How to get a Florida Resale Certificate, Part 2 - https://www.youtube.com/watch?v=rf1eHKlgJLk

How to file a DR-15 Florida Sales and Use Tax with 0 Sales - https://www.youtube.com/watch?v=D1j49ssw1Jc
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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not to provide legal advice. You should contact your attorney for advice regarding any particular issue or problem.

Видео What happens if you don't pay your taxes канала James Baker CPA