Is There a Law Requiring You to Pay Income Tax?

Are you wondering if there is a law requiring you to pay income tax? If not, read on to find out more. The Internal Revenue Service (IRS) can impose monetary penalties for late tax payments. These penalties begin accruing as soon as you fail to make your monthly tax payments. Penalties for not paying income tax are a certain percentage of unpaid taxes for that month.

To save yourself time, consider hiring a Folsom tax attorney. They can help you with the process of requesting extensions and speaking with the IRS. In some cases, they can negotiate with the IRS to reduce the fees owed. They can also research your case to find a legitimate reason why you failed to pay your taxes. If your reasons are valid, your attorney may be able to help you avoid criminal penalties.

If you can't afford to pay your taxes, there are several ways to reduce the burden. The IRS can send you notices of deficiency if you have missed a tax payment. These notices are not bills - they are alerts that you owe taxes. You can take advantage of payment plans to reduce your tax burden. You can also negotiate a payment plan with the IRS.

The Sixteenth Amendment was approved by the Senate on February 25, 1913. The law makes it clear that taxable income is income, minus any deductions. It also requires you to file an income tax return every year, and this must be done for all individuals with gross income. The IRS has been upholding its tax laws for over a century, and it seems that everyone is supposed to pay their fair share.

The Internal Revenue Service advises taxpayers to read their 80-page document carefully. It is helpful to consult Wikipedia or a tax policy organization. If you have more questions, contact the IRS directly and ask them. It is possible that you can avoid paying taxes, but it is not the most effective solution. The Internal Revenue Service advises you to seek legal advice. It is important that you understand the consequences of not filing your tax returns.