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My 20 year old brother has never filed taxes and receives his money under the table. He has been working off and on ever since he was about 16. I want him to file but he thinks that he will be punished. What can we do?
3 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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The penalty for failure to file a return is 5% a month of the tax owed max of 50%. There is also a late payment penalty of 5% a month max of 50%. Of course, there is interest (3% a year currently) on any unpaid taxes. Possibly your brother can get with the IRS to eliminate the penalties, if he voluntarily files the returns and requests a waiver. Interest is never waived. Unless you're an attorney, CPA or enrolled agent, you can't represent your brother with the IRS. Of course, you can help him file the returns.
Answered on May 25th, 2015 at 4:30 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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I would suggest that you steer him into a tax attorney or accountant to correct his past omissions.
Answered on May 20th, 2015 at 1:57 PM
Taxation Law Attorney serving Glendale, CA
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Irsfeld, Irsfeld & Younger LLP
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Prepare a 2014 return. Probably you'll want to file it, but you can decide that after it is prepared.
Answered on May 20th, 2015 at 1:12 PM