Here are the steps from planning through launch:
Choose a niche / audience
If you don’t file your taxes, you may face penalties, interest on unpaid amounts, and potential legal consequences. The longer you delay, the more severe the financial burden and risks of enforcement action become.
Filing taxes late can result in penalties, interest charges, and loss of potential refunds. Timely filing helps avoid unnecessary financial stress and ensures compliance with tax regulations.
Yes, in severe cases of intentional tax evasion or fraud, imprisonment is possible. However, most situations result in penalties, fines, and interest rather than jail time.