|
|
| *Ostroff, Fair and Company>>>Australia Taxes |
What is the minimum and maximum jail sentence for not paying tax? |
What is the minimum and maximum jail sentence for not paying tax? Don't know the maximum and in any event it will vary from country to country (so in some parts of the world it's probably life). The minimum could be whatever the Judge decides. A friend of mine was sentenced for not paying his car tax - his sentence was to wait in the courtroom until the Magistrates reconvened after lunch - about an hour (not technically a jail sentence tho). If you don't file your taxes you pay a fine of $25,000.00 for every year or One Year of Jail. (This asumes you only forgot to pay them) If you did not file your taxes because you did not wanted to pay them (Evasion) the fine is up to $100,000.00 or Five Years of Jail. It is wise to file a return even in cases where a taxpayer may not have enough resources to pay the entire tax bill. The IRS will work out a payment plan with taxpayers in these cases. The IRS usually does not pursue criminal charges against taxpayers who file of their own volition before the IRS has contacted them. The IRS also tends to be more sympathetic in collecting taxes from taxpayers who volunteer their late returns than taxpayers the IRS had to investigate and "catch." |
| Tags |
| Mexico Taxes Ireland Taxes India Taxes Germany Taxes Canada Taxes Australia Taxes Small Business Renting & Real Estate |
Finance Categories--Copyright/IP Policy--Contact Webmaster |