Expect an unhappy return if you don’t pay or submit your IRS bill, tax columnist saundersWSJ says, as penalties and interest will quickly mushroom
Even if you don’t go to jail, blowing off the Internal Revenue Service is a really bad idea.
Take Larry Cecil Cabelka of Megargel, Texas. Mr. Cabelka didn’t submit tax returns for 12 years during the 1990s and 2000s, according to a March 26 ruling by a U.S. appeals court. As a result, said the court, he owes the U.S. more than $26 million.
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