Bloomberg News quoted Tax Partner Jordan Kendall in an article about novice day traders caught unaware about the tax implications of their investing activity.
By Misyrlena Egkolfopoulou and Ben Steverman
“It’s to your benefit to pay it off as quickly as you can,” said Jordan Kendall, a partner at Marcum LLP. Ignoring your filing obligation altogether could be even more of a hassle.
“Many taxpayers don’t realize that if you’re delinquent in tax filings and you owe the government money, they could withhold your passport and stop you from traveling internationally,” he said. “They could make your life difficult.”
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