DrugBuyers.Com: How to use the law to save money for your meds $$$

tone, while I appreciate your post, I highly recommend NOT doing something like this. I am a bookkeeper by profession and also do tax returns. I know several people who didn't file tax returns for many years and finally got caught. If you send a letter of protest like that, you are just handing yourself over on a silver platter.

You know what happens? The IRS slaps a bunch of fines and penalties on you. They have the right to go after you and they do. Oh, and they don't care if you can't pay it all at once. They will make payment arrangements and charge a fortune in interest. For example, I'm doing some bookkeeping right now for someone who didn't file for 3 years. I just pulled out a statement that shows the 3 years he didn't file. The interest + penalty alone = $2400! That doesn't include the tax he didn't pay.

What many people don't do, and should do: ALWAYS file a 1040. NEVER file a 1040EZ. You should always itemize your deductions. There are a lot of legitimate deductions available that most people don't know about. For example, don't ever throw away old clothes, furniture, books, whatever. Donate to the local Salvation Army or Goodwill and ask for a receipt. You can assign a value to the things you donated, within reason, and take the deduction.

Let's put it this way: if you work the entire year and receive a W2, all that federal and state tax you paid for the whole year? You potentially should be able to get most, if not all, of that back. Look at it like a savings acccount. And once you get your refund check, put it into an IRA account.

Anyone interested in info on deductions or with other $$$ questions, feel free to PM. We're here to help each other.