Bozo Tax Tip #3: Just Don’t File

We’re running some repeats, but there is some new Bozo material coming. It’s just that people keep trying the same things over and over again.

It’s tough to avoid the tax system. There are currency transaction reports (cash transactions of $10,000 or more) and suspicious activity reports (theoretically can be done on any transaction, but usually starts at $3,000 or more) done with cash. Businesses must send out 1099s on payments of $600 or more to individuals. Barter organizations must send out 1099s.

But that doesn’t stop the Bozo contingent. “They’ll never catch me,” they believe. Until the IRS or the Franchise Tax Board (substitute your state tax agency if you’re not in California) knocks on their door. There’s no statute of limitations if you don’t file.

Paying taxes isn’t fun. Avoiding the system and living on the edge may give you a thrill, but if you get caught you’ll be given a bill…and possibly a trip to ClubFed.

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This entry was posted on Wednesday, April 8th, 2015 at 7:00 pm and is filed under IRS. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Bozo Tax Tip #3: Just Don’t File”

  1. Tax Roundup, 4/9/15: April 15 is also a day-trader deadline. And: Grant 1, Lee 0. « Roth & Company, P.C says:
    April 9, 2015 at 6:19 am

    […] Russ Fox, Bozo Tax Tip #3: Just Don’t File […]