Credit.com: You can’t run or hide. If you have past unfiled tax returns, here’s what to do

The IRS has taken down Al Capone, Wesley Snipes, Martha Stewart and other big names in the past for tax fraud. The federal government takes taxes very seriously.

Not filing your tax returns is a serious offense. Although there won’t be a nationwide manhunt for late returns, you may still see some hefty fines and possibly jail time.

What happens when you don’t file tax returns?

The IRS requires you to file your tax returns by April 15 every year. Filing your tax returns isn’t the most exciting think in the world but it’s important. Many people either put it off until the very last minute or fail to file altogether.

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