Then, if I close my business I will file for unemployment, and/or go on the welfare, and get all my medical needs for free.
Pcplumber is going to jail? Watch your corn hole dude!
Probably not.
I'd be willing to bet though that lots of people have their bank accounts frozen.
After all, the enforcer of all this is the IRS. Probably no more complicated than a simple form emailed to your bank and voila....you're busted.
I know it would never really come down to going to prison because you are right and the IRS would freeze and seize everything. That is the only downside. Otherwise, I could use a vacation and would not be afraid to go to jail (for a short time) if it made a point and did some good.Probably not.
I'd be willing to bet though that lots of people have their bank accounts frozen.
After all, the enforcer of all this is the IRS. Probably no more complicated than a simple form emailed to your bank and voila....you're busted.
I doubt people will have bank accounts frozen, that would cause anarchy in the streets. It's not quite that bad.
You really think that if fines and penalties are imposed, along with interest...and the money isn't paid, they won't do something like freeze your accounts?
Maybe not right away, but don't pay and see how friendly and understanding the IRS is.
No idea really. I can't control it so I don't think about it anymore. All I can do is make money, invest and prepare for the worst. Obama is gonna do what he's gonna do, like a freight train.
That's what this discussion is all about...preparing for the worst.:thumbsup: