Tax Penalties

If you do not file your return and pay your tax by the due date, you may have to pay a penalty. You may also have to pay a penalty if you substantially understate your tax (state that you owe less tax than you actually do), file a frivolous return, or fail to supply your social security number. If you provide fraudulent information on your return, you may have to pay a civil fraud penalty.

You may be subject to criminal prosecution (brought to trial) for actions such as: tax evasion; willful failure to file a return, supply information, or pay any tax due; fraud and false statements; or preparing and filing a fraudulent return.