Why do we file income tax if theres no law?
All of us who have written the first six answers to this question could explain that there is a law in mind-numbing detail. You might as well accept it that there is a law concerning income taxes. If you do not believe there is a law, I suggest you do some risk assessment. There are only four things that can happen if you do not file a tax return or pay your taxes. 1. You don’t file and don’t pay. The IRS never notices and you get away with it. THIS IS RARE! 2. You don’t file and don’t pay. The IRS does notice and begins to send you letters explaining your obligation and you ignore those. The IRS then proceeds to place liens on any property you might have and levying your bank accounts. They might also have your employer garnish your pay. 3. You don’t file and don’t pay. The IRS does everything in number 2 above and decides to pursue criminal charges. You get extremely lucky and are acquitted. However, an acquittal does not absolve you of your tax debt and the IRS will still pursue the
