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Full Episode
Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. I'm Dave Ramsey, your host, Ken Coleman, Ramsey personality, number one bestselling author of the book, Paycheck to Purpose, is my co-host. Thanks for joining us. The phone number is 888-825-5225. Marcus is in Oklahoma City.
Hey, Marcus, welcome to the Ramsey Show.
Hey, Dave, how are you?
Better than I deserve. What's up?
I'll just be quick and to the point, 2020, 2021, I was working a mortgage company. They closed their doors in 2022. I was making quite a bit. Now I'm a teacher, didn't file my taxes for 2020 and 2021. Probably 80% of that was obviously commissioned. So I did dumb. I know I need to file those now, obviously, and I'm going to owe quite a bit. I was just going to see if I can maybe get some
advice on how to go about doing that in the least harmful way.
Ouch. Okay, here's the thing. Not paying taxes is not a criminal act. Not filing taxes is a criminal act. That's what's weird. We do not have a debtor's prison. They don't put people in jail for not paying their taxes. But they do put people in jail, about $2,500 a year, for failure to file. Okay? So that's the danger that you're in. I'm more concerned about that than I am the payment plan.
I don't think you're in trouble because 99% of the time that you're not some public figure that you come and self- five, you know, you, you catch up your filings. They're just all late. Um, you don't get into any criminal issues, but I want you to get it done now. I don't want them to come find you. Okay. I want you to go to them like immediately, no later than the middle of January.
There's documents need to be filed. Okay.
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