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Failure to file or pay taxes

Just hearing terms like tax evasion or tax fraud can understandably make Minnesota residents concerned. There may be many situations in which a person or a company does not knowingly defraud the government but may be accused of having done so. It is important to understand what repercussions may be felt if the Internal Revenue Service suspects that someone has consciously not filed or paid income tax.

The IRS indicates that failing to file a tax return and failing to pay owed taxes can be handled as separate violations, each with their own set of penalties. When it comes to failure to file a tax return, even filing a return one day late may result in a five percent penalty on assessed taxes. For every month that a return is not filed but should be filed, an additional five percent penalty may be added up to a maximum of 25 percent.

Not paying taxes has a different set of penalties that can only compound problems associated with not filing a return. Like failure to file, failure to pay can see penalties add up every month. Again, a maximum of 25 percent of a tax assessment is the cap for these penalties. It is only through proving lack of willfull neglect or conscious effort to avoid paying or filing taxes that you may be able to avoid these penalties.

If you would like to learn more about crimes involving taxes, please feel free to visit the taxation crime charges page of our Minnesota criminal defense website.

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Joseph S. Friedberg Chartered
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Minneapolis, MN 55415

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