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Old 03-05-2014, 06:29 PM
t walgamuth's Avatar
t walgamuth t walgamuth is online now
dieselarchitect
 
Join Date: Apr 2005
Location: Lafayette Indiana
Posts: 38,969
Yeah. I went a couple years without filing when I was first in business. They don't like that shyte! I ended up paying a few thousand in fines IIRC. Doesn't sound like much now but in 1975 it was a strong blow to me.

Don't F around with the IRS friends. Report your income, file the returns, pay the taxes. If you don't they can make your life miserable. Work with them and they can negotiate if the debt is big enough.

IN this case, the old gentleman can try to string it along hoping to die first and let the kids figure it out.

One of my attorney friends said a few months ago he had several clients who were elderly and thought to be well off who let their taxes go for the last ten years of their lives leaving an enormous tangle for the heirs.
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.
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