Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.2 9/5/84; site randvax.UUCP
Path: utzoo!watmath!clyde!cbosgd!ukma!psuvm.bitnet!psuvax1!burdvax!sdcrdcf!randvax!jeanette
From: jeanette@randvax.UUCP (Jeanette Haritan)
Newsgroups: net.taxes,net.legal
Subject: Re: Schiff
Message-ID: <65@randvax.UUCP>
Date: Wed, 26-Feb-86 16:21:59 EST
Article-I.D.: randvax.65
Posted: Wed Feb 26 16:21:59 1986
Date-Received: Sat, 1-Mar-86 03:10:46 EST
References: <662@decwrl.DEC.COM> <1082@lsuc.UUCP> <1005@psivax.UUCP> <1707@bbncc5.UUCP>
Reply-To: jeanette@rand-unix.UUCP (Jeanette Haritan)
Organization: Rand Corp., Santa Monica
Lines: 16
Xref: watmath net.taxes:1028 net.legal:2996

In article <1707@bbncc5.UUCP> mfidelma@bbncc5.UUCP (Miles Fidelman) writes:
>
>I don't remember where I heard this, but I believe that:
>
>       1. it is *not* mandatory to file an income tax return
>
>       2. if you don't, the IRS can "estimate" your income using
>          whatever information it can get its hands on, an then
>          send you a bill - it *is* mandatory that you *pay* (as
>          opposed to filing) - note: of course if your taxes are
>          withheld, and you don't want any refund, I'll bet the
>          IRS would be happy to keep the excess if you don't file

On top of that, if you don't file, and you DO owe, rather than get a
return or break even, the IRS tacks a charge that accumulated 5% monthly.
This is in Maryland, I'm not sure if that applies to Federal.