Taxpayers will be fined if they do not declare assets

The Internal Revenue Service (IRS) announced that the new instructions set penalties of fines that range from $30 to $1,500 to those taxpayers to submit their wealth statement, late or not.

The law applies to people with assets over $200,000, and $ 400 thousand when is marital.

Thus, individuals who deliver out of his term and voluntarily report their statement paid $ 30 for the first month of expiration, $ 40 for second, $ 50 for third, $ 75 for fourth and $ 100 for fifth. The scale goes up to $ 250 from the tenth month.

If, despite the notice, the taxpayer does not give his statement and there is a trial of the tax, the fine would reach $ 1,000. The instruction includes a scale to determine the amount to be paid when the taxpayer does not file your return. This payment, which can range from $ 500 to $ 1,500 since it applies in relation to the assets that the person should declare.

IRS

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