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Re: bas2020 post# 321285

Thursday, 07/15/2021 6:53:39 PM

Thursday, July 15, 2021 6:53:39 PM

Post# of 462140
Yes you are correct. I stand corrected. There is a penalty to pay as well as the interest on what is owed The interest charged by the IRS is usually much less than potential gains.as I recall. I relied on my CPAs for two businesses that I had owned and for my personal as well. I hadn''t done my persaonal taxes for about 50 years.
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