Come next year when (or if) you file your 1040, you’ll be charged a penalty for underpaying your taxes.
Assuming you don’t pay that, the IRS will send you a letter saying you owe them money.
Assuming you ignore it, the IRS may send an agent to your house and tell you that you have back taxes and if you don’t pay, they’ll press criminal charges.
Assuming you don’t pay, they’ll charge you in federal court.
Assuming you show up (for the love of God always show up), you’ll likely not prevail and the IRS will begin to garnish your wages.
Assuming you quit your job, the IRS will begin forfeiture proceedings.
Your best bet is to run for president. I’m not even kidding. Precedence shows that running for President will allow you to push off consequences for crimes almost indefinitely. So I’d suggest that you create your PAC now and then change your withholdings.
Real answer: nothing…for now.
Come next year when (or if) you file your 1040, you’ll be charged a penalty for underpaying your taxes.
Assuming you don’t pay that, the IRS will send you a letter saying you owe them money.
Assuming you ignore it, the IRS may send an agent to your house and tell you that you have back taxes and if you don’t pay, they’ll press criminal charges.
Assuming you don’t pay, they’ll charge you in federal court.
Assuming you show up (for the love of God always show up), you’ll likely not prevail and the IRS will begin to garnish your wages.
Assuming you quit your job, the IRS will begin forfeiture proceedings.
Your best bet is to run for president. I’m not even kidding. Precedence shows that running for President will allow you to push off consequences for crimes almost indefinitely. So I’d suggest that you create your PAC now and then change your withholdings.
I’m not a lawyer and this is not legal advice.