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drv17

07/15/21 6:53 PM

#321303 RE: bas2020 #321285

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.