I Haven’t Filed Taxes Since 2020

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 11 January 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Dave Ramsey & Ken Coleman. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. 💸 Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.5	Marcus is in Oklahoma City. Hey, Marcus, welcome to the Ramsey Show.
0:12.5	Hey, Dave, how are you? Better than I deserve. What's up?
0:16.8	I'll just be quick into the point. 2020, 2021, I was working a mortgage company.
0:22.9	They closed their doors in 2022. I was making quite a bit. Now I'm a teacher.
0:28.9	Didn't file my taxes for 2020 and 2021. Probably 80% of that was obviously commissioned.
0:36.1	So I did dumb.
0:41.3	I know I need to file those now, obviously, and I'm going to owe quite a bit.
0:46.0	I was just going to see if I could maybe get some advice on how to go about doing that in the least harmful way.
0:49.5	Ouch.
0:51.0	Okay.
0:51.8	Here's the thing.
0:53.5	Not paying taxes is not a criminal act.
0:58.1	Not filing taxes is a criminal act.
1:03.2	That's what's weird.
1:05.0	We do not have a debtor's prison.
1:07.1	They don't put people in jail for not paying their taxes.
1:09.7	But they do put people in jail about $2,500 a year for failure to file.
1:14.7	Okay?
1:15.2	So that's the danger that you're in.
1:17.8	I'm more concerned about that than I am the payment plan.
1:21.1	I don't think you're in trouble,
	...

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