Pay Your Taxes or Pay the Penalties!
April 6, 2017
Hosted by Mitchel Winick and Stephen Wagner, with Michael Cohen
[Download MP3] [itunes] [Bookmark Episode]
Episode Description
Everyone at some point in their tax-paying lives has been tempted to skip the whole ordeal. What would happen if you didn’t file your taxes this year? Is the IRS really going to come after you? Going to prison for tax fraud, which is how the IRS classifies not-filing, is rare. However, if you owe the government money, you'll eventually have to pay, plus significant interest and fines. If you owe money and don't file, the IRS charges a penalty of up to 25 percent of what you owe, and it can charge an additional 25 percent for failing to pay your bill on time. A 75 percent penalty is reserved for egregiously fraudulent returns! There’s also interest to be paid, currently compounding at 3 percent per year. Listen to this week's program to learn more about the process of filing and paying your taxes and a discussion of (in)famous tax "cheats."
Wagner and Winick On the Law
Archives Available on VoiceAmerica Business Channel
Wagner and Winick On the Law is the talk radio program for individuals interested in contemporary legal issues, social policy, and the protection of personal rights within our legal system. Co-hosted by law school President and Dean Mitchel Winick and law professor and trial attorney Stephen Wagner, the program features live interviews with lawyers, judges, business professionals, and policy experts discussing legal issues that affect our daily lives. Guest co-host law professor and attorney Michael Cohen adds an international law dimension in his bi-weekly program segment “International Crossroads”. As the hosts remind listeners every week, "If you don’t know the law, know a lawyer!"
Mitchel Winick and Stephen Wagner, with Michael Cohen
Stephen Wagner and Mitchel Winick have broadcast together as co-hosts since Wagner and Winick On the Law began broadcasting in 2014 on KSCO AM 1080, one of the nation’s leading independent talk radio stations. Michael Cohen has joined the program as a regular guest co-host and as producer of the special segment, “International Crossroads”.
Mitchel L. Winick is the President and Dean of Monterey and San Luis Obispo Colleges of Law. Winick’s thirty-year career has included legal education, law, and business. A former Assistant Attorney General of Texas, Winick has served as V.P. of a publicly traded company, senior partner in a management consulting firm, and co-founder of a venture capital firm.
Stephen Wagner serves as a law professor at San Luis Obispo College of Law and as a trial deputy, specializing in vehicular homicide cases, with the San Luis Obispo County DA's Office. As a law professor, Wagner teaches Criminal Law and Evidence. He is a former prosecutor with the California District Attorney’s Association and the San Benito DA’s Office.
Michael Cohen is a law professor and a partner with Sheppard Mullin's Antitrust and International Competition Practice Group. Cohen hosts the bi-weekly “International Crossroads”. Starting in law enforcement as an Assistant Special Prosecutor, Cohen has spent more than two decades defending multinational clients across the globe. Cohen teaches Constitutional Law and Business Organizations at Monterey College of Law.
