Quote:
|
Originally Posted by brentim1 What is the name of your state?tennesse
I have a 30 yr old friend who for 12 years has worked under the table as a painter. he wants to get into the system but is afraid. what are his options? |
He obviously can't get "into the system" without filing a tax return. Therefore he needs to do so. He can either file just for the current year, or he can file for the current year and some back years as well. Of course, that would trigger a pretty hefty tax bite....as well as some penalties and interest.
Yes, there will be some risk...however that risk will always exist and only will become greater as he gets older.