Quote:
Originally Posted by Timmy
I used to be reeeeally bad. I mean years late. I'd file the extension, and the extra extension, then it would sit. And sit. I actually had an IRS agent come to my house. Not kidding.
I am reformed! 
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I had two neighbors. Husband and wife both tax lawyers. One had a case of a former employee of mine that had not filed for many years. I had to re create w-2's and was advised that it was totally my free will to grant them over 3 years back. I of course have them back to 1980. With a tax lawyer, the IRS really cut him some slack for failure to file
Failure to pay is not as bad. failure to file is nothing if you do not owe.
IRS agents do visit homes. They have a field compliance bureau. Most "audits" are not real audits. THey examine some numbers or a supporting schedule. a full blown compliance audit they look at what you have and spend and try to trace every dollar.
Sarbanes Oxley and FASB 109 have created a lot more work. some people are over reacting to Fin 48.