Simple Tax Questions

Old Apr 3rd 2003, 6:46 am
  #1  
Mic_poster
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Default Simple Tax Questions

Does anyone knows whether or not one have to file annual tax income?

Is it compulsory?

What is the penalty if someone does not make it?
 
Old Apr 3rd 2003, 7:07 am
  #2  
S B
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Default Re: Simple Tax Questions

MIC_Poster wrote:
    >
    > Does anyone knows whether or not one have to file annual tax income?
    >
    > Is it compulsory?
    >
    > What is the penalty if someone does not make it?

You must file a return if you owe tax or have a refund. It is not
compulsory to file a return if you have no income.

Not filing when you owe money leads to charges of tax evasion with a
possible penalty of gaol time and certainly the owed taxes and fines.
 

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