Name Change Ordered With Cra
Description
How to fill out Illinois Name Change Notification Package For Brides, Court Ordered Name Change, Divorced, Marriage?
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FAQ
Penalties for tax evasion and tax fraud If you have not filed a tax return, you could be charged with a summary offence under the Income Tax Act. If you are found guilty, the penalties can include substantial fines and a prison sentence.
To officially change your name, you need to submit a Form SS-5, Application for a Social Security Card. You can find this form and the instructions online at SSA.gov. Allow a minimum of 10 days after the SSA updates your records before you file a tax return.
Ing to the CRA, a taxpayer has 10 years from the end of a calendar year to file an income tax return. The longer you go without filing taxes, the higher the penalties and potential prison term. Whether you are late by one year, five years, or even ten years, it is crucial that you file immediately.
As per Section 238 of the Income Tax Act, if you fail to file your tax returns, it can result in a fine of $1,000 to $25,000. Plus, you will also face up to one year in prison.
The prescribed limitation period in the Income Tax Act is 10 years; this means that after 10 years, the Canada Revenue Agency is legally prevented from collecting on a tax debt.