Legal Question in Tax Law in Washington
Make too little to pay taxes ?? Haven't filed for years
I haven't filed taxes since 1990. I make less than $10,000 per year in reported contract wages (1099) and make about $5,000 a year buying and selling equipment. Most of everything I do is in cash. I import some things from my home country and sell them through friends. I haven't kept records. Recently, I became involved in a law suit that I filed. In the deposition, those questions were asked of me and I answered as stated above. Should I contact the IRS and see if I owe any taxes or just leave things alone? I think the attoney for the other side is going to send the deposition to the IRS. I don't have my citizenship yet. How long before I would hear from the IRS if the attorney does send this to them?
2 Answers from Attorneys
Re: Make too little to pay taxes ?? Haven't filed for years
Every adult should file a tax return. If you do not file, the Statut of Limitations on assessment and collection never runs. In your case, you are required to file a federal (and probably State) tax return. IMMEDIATELY contact a good tax lawyer!!!
Ron Cappuccio
http://www.TaxEsq.com
You likely were required to file state and federal returns
From the information given in your post, you likely were required to file returns with both the federal government and the state government. Your city may also has a filing requirement.
While you may end up with not owing any taxes (because of the low revenue and possible deductions), you still are required to file the returns.
Failure to file returns often carries penalties.
Failure to file required tax returns is one basis to not getting approval for a naturalization application.
You may want to review your facts and options with an attorney.
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