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Tax Aug 2012 - "What Happens If I Don't Pay My Taxes?"

Tax Aug 2012 - "What Happens If I Don't Pay My Taxes?"

Tax Aug 2012 - "What Happens If I Don't Pay My Taxes?"

Excerpt


What Happens If I Don't Pay My Taxes?



According to the IRS, taxpayers are required to file an income tax return “for any year in which a filing requirement exists,” based on factors such as age, filing status and income. Even when a return is not required, there are often compelling reasons to file anyway, such as the possibility of getting a refund. Still, every year many people do not file a tax return even when the IRS considers it mandatory.


 


 



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