Wait until they audit you and then pay a 10% fine?

The tax is due at the latest, April 15th of the following year of the income that was taxed. At ANYTIME after that, the IRS can decide you are yanking them around and start taking your bank accounts, real estate and other assets. Once they decide to start, you will not be able to stop them.

I think you understand now. If you don't you need to talk to someone else.

Quote from rowenwood:

When one is required to pay the initial debt is my big quesiton now that the others are well answered, thank you very much. These questions have been on my mind for years. I'm glad I dealt with them even though.
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I understand a lot more than I did an hour ago. I want to definitely know what amount of the initial needs to paid in order to keep the IRS happy. Seeminlgly if you're paying the fine and a little bit each month, or quarter, they would be happy. I need to know the exact percentage amount (s)?

The amount one must pay of their tax debt is extremely important to me. Though I'm more interested in a Panamanian tax haven.
 
Tax evasion penalties are worse than murder. So unless you have an extra 20 years in your life that you wouldn't mind sitting in jail for I suggest just paying your taxes.

If you really want to save money on your taxes I say just vote for Bush.
 
Quote from rowenwood:

fucking idiot, and. I'm probably one of the few green party democrats (independant) that trade stocks.
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Green party democrats want to raise taxes, not lower them.
 
problems. Bush is environmentally irresponsible and the democrats spend on too many social programs which causes the need to raise taxes.
 
Quote from pspr:

The tax is due at the latest, April 15th of the following year of the income that was taxed. At ANYTIME after that, the IRS can decide you are yanking them around and start taking your bank accounts, real estate and other assets. Once they decide to start, you will not be able to stop them.

I think you understand now. If you don't you need to talk to someone else.
More...

Take a lesson from the "least conquered" people in the world: Mongolians. Own physical gold in small denominations, own no land, own a vehicle (can be a horse or a car), own a moveable house (ger or yurt). You cannot be confiscated by an invading army under such cirucumstances and the tyranny of the current government shall not prevail. Of course under these terms you might have small hands and smell like cabbage, but what the hell.
 
Most accountants are clueless on how the IRS works and they err on the side of safety by a big margin.

Find an accountant who used to work at the IRS. These people are far and between but it pays playing with them.

:p
 
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