What Happens When a Taxpayer Does Not File Taxes?
A lot of people state they perform best under pressure and decide to waste time on crucial tasks such as tax return preparation. There are also those who basically fail to remember to file by the due date – or perhaps intentionally refrain from doing it. Everybody tends to make mistakes, particularly when under the pressure of collecting paperwork, crunching numbers and reducing tax obligations as much as legitimately feasible. Nevertheless, keeping away from your yearly tax return commitments can lead to expensive outcomes that expand beyond your banking account. 1. Late Penalty Fees: Taking into consideration the significance of [...]Read More