subject: Unfiled Tax Returns - What You Don't Know Can Hurt You [print this page] If you wait for the IRS to notice that you are late on your tax returns the penalties, interests, and fees will be a lot higher than they are currently. No deductions on your taxes will make your tax bill considerably higher. The IRS can cause great harm to you financially if you do not pay the tax returns by keeping you from being eligible for student loans, buying a house, refinancing a house, or getting a credit card. They also have the right to take all the money out of your bank account to pay towards the unfiled tax return. The IRS does not give back refunds to you unless you pay the tax returns. If you do not have the money to file your tax return, the IRS has payment options that they give to help.
Unfiled Tax Returns -What You Don't Know Can Hurt You
By: Ada Black
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