They'll end up having to pay interest and penalties based on that income which they should have reported. John Battaglia
Motivational, Inspirational, Funny Quotes
![[If you're thinking of eloping over the holidays, you may want to consider the tax consequences of ending 2001 as a couple (romantic, isn't it). Although some accountants will tell you that the IRS doesn't keep track of your exact marriage date, technically you are required to file a joint return for this year. For some couples, particularly those with big differences in their income, filing jointly can be advantageous. If a husband and wife each make a lot of money, however, they are apt to pay more in taxes than they would on their own.] If both people make $300,000, they'll pay more than $18,000 in taxes by filing jointly, ... That's about the cost of the wedding. - John Battaglia Quotes](/pic/img/img.php?text=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&author=ICBKb2huIEJhdHRhZ2xpYSAgICA=&num=1 "[If you're thinking of eloping over the holidays, you may want to consider the tax consequences of ending 2001 as a couple (romantic, isn't it). Although some accountants will tell you that the IRS doesn't keep track of your exact marriage date, technically you are required to file a joint return for this year. For some couples, particularly those with big differences in their income, filing jointly can be advantageous. If a husband and wife each make a lot of money, however, they are apt to pay more in taxes than they would on their own.] If both people make $300,000, they'll pay more than $18,000 in taxes by filing jointly, ... That's about the cost of the wedding. - John Battaglia Quotes")
