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From: lonetto@phri.UUCP (Michael Lonetto)
Newsgroups: net.taxes,net.legal
Subject: Re: Schiff
Message-ID: <2281@phri.UUCP>
Date: Mon, 10-Mar-86 11:01:56 EST
Article-I.D.: phri.2281
Posted: Mon Mar 10 11:01:56 1986
Date-Received: Wed, 12-Mar-86 21:50:51 EST
References: <662@decwrl.DEC.COM> <1082@lsuc.UUCP> <1005@psivax.UUCP> <1707@bbncc5.UUCP> <12204@ucbvax.BERKELEY.EDU>
Reply-To: lonetto@phri.UUCP (Michael Lonetto)
Organization: Public Health Research Inst. (NY, NY)
Lines: 28
Xref: watmath net.taxes:1074 net.legal:3090

In article <12204@ucbvax.BERKELEY.EDU> tedrick@ernie.berkeley.edu.UUCP (Tom Tedrick) writes:
>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
>
>I'm not sure that is correct. I think that sometimes they are more
>concerned with following protocol according to the rules rather
>than keeping your money. Bureaucrats get very disturbed when
>things don't go according to the book ...

It is not reauired that you file a return, provided you pay your taxes,
BUT:  The statute of limitations (for auditing purposes) is: 3 years,
provided you filed and paid at least 75% of what you should have, 6 years
if you filed but underpaid by 25% or more.  For fraudulent returns, or 
cases where no return is filed THERE IS NO STATUTE OF LIMITATIONS.  In 
general it is in your interest to file.

Michael Lonetto    UUCP:(allegra!phri!lonetto) 
USMAIL: Public Health Research Institute, 455 1st Ave, NY, NY 10016