Jonathan Kamens 86 47 on Nostr: Assuming you make W-2 income (i.e., you receive a W-2 from your employer every year), ...

Assuming you make W-2 income (i.e., you receive a W-2 from your employer every year), it's probably safer to file your taxes and then not pay some or all of what you owe, rather than not filing at all. This is because there are separate non-filing and non-payment penalties, so you can avoid the non-filing penalty by filing. If you don't file, the IRS will calculate what they think you owe automatically, and it may be more than you actually owe, so it's probably to your advantage to file. (2/11)