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Old October 3rd, 2013, 06:04 PM   #261
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Old October 3rd, 2013, 08:39 PM   #262
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Originally Posted by howell_jeep View Post
If it's a tax, the IRS can easily put a lien on your house for non payment.
No, for this they cannot.

Chapter 48, section 5000a, g:

‘‘(2) SPECIAL RULES.—Notwithstanding any other provision
of law—
‘‘(A) WAIVER OF CRIMINAL PENALTIES.—In the case of
any failure by a taxpayer to timely pay any penalty imposed
by this section, such taxpayer shall not be subject to any
criminal prosecution or penalty with respect to such failure.
‘‘(B) LIMITATIONS ON LIENS AND LEVIES.—The Secretary
shall not—
‘‘(i) file notice of lien with respect to any property
of a taxpayer by reason of any failure to pay the
penalty imposed by this section, or
‘‘(ii) levy on any such property with respect to
such failure.’’.
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Old October 3rd, 2013, 09:38 PM   #263
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Quote:
Originally Posted by brewmenn View Post
No, for this they cannot.

Chapter 48, section 5000a, g:

‘‘(2) SPECIAL RULES.—Notwithstanding any other provision
of law—
‘‘(A) WAIVER OF CRIMINAL PENALTIES.—In the case of
any failure by a taxpayer to timely pay any penalty imposed
by this section, such taxpayer shall not be subject to any
criminal prosecution or penalty with respect to such failure.
‘‘(B) LIMITATIONS ON LIENS AND LEVIES.—The Secretary
shall not—
‘‘(i) file notice of lien with respect to any property
of a taxpayer by reason of any failure to pay the
penalty imposed by this section, or
‘‘(ii) levy on any such property with respect to
such failure.’’.
Well, that's some good news then. Does that mean they cannot impose penalties, including interest?
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Old October 3rd, 2013, 09:43 PM   #264
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Quote:
Originally Posted by howell_jeep View Post
Well, that's some good news then. Does that mean they cannot impose penalties, including interest?
It says that they can impose penalties. I don't know if they consider interest a "penalty" or not. It doesn't say, but I'm sure it specifies if interest is considered a penalty somewhere in the tax code.

No, I'm not going to look through the tax code to find out.
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Old October 3rd, 2013, 09:57 PM   #265
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Quote:
Originally Posted by brewmenn View Post
It says that they can impose penalties. I don't know if they consider interest a "penalty" or not. It doesn't say, but I'm sure it specifies if interest is considered a penalty somewhere in the tax code.

No, I'm not going to look through the tax code to find out.
How are they going to collect the tax if you refuse to pay?
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Old October 3rd, 2013, 10:08 PM   #266
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Quote:
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How are they going to collect the tax if you refuse to pay?
Dunno. I don't write 'em, just read 'em.
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Old October 3rd, 2013, 10:14 PM   #267
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Quote:
Originally Posted by howell_jeep View Post
How are they going to collect the tax if you refuse to pay?
Income tax returns. You won't ever get one.
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Old October 3rd, 2013, 10:40 PM   #268
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Income tax returns. You won't ever get one.
What if you always owe money and never get a refund?
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Old October 3rd, 2013, 11:35 PM   #269
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What if you always owe money and never get a refund?
Then you have beat them at their own game. Well played.
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Old October 4th, 2013, 06:20 AM   #270
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.
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Old October 4th, 2013, 06:58 AM   #271
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.
When you remove 8 zeros you get $385, not $38.50. However, it still shows what a drop in the bucket those "cuts" are.
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Old October 4th, 2013, 08:06 AM   #272
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When you remove 8 zeros you get $385, not $38.50. However, it still shows what a drop in the bucket those "cuts" are.
Nice QC
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