1-800-548-4639Can You Go to Jail for Not Filing Taxes?
Yes, it is possible to go to jail for not filing taxes, but it is rare and typically only happens in cases of willful tax evasion. Most people who fail to file returns will face penalties and collection actions, not criminal charges. That said, ignoring your tax situation for too long can increase your risk. […]
Read moreHow to Catch Up on Unfiled Taxes
If you haven’t filed taxes in years, the best way to catch up is to start filing your missing returns as soon as possible, even if you can’t afford to pay what you owe. Filing is the first step to reducing penalties and getting back into compliance with the IRS. You don’t need to solve […]
Read moreIs It Better to File Taxes If You Can’t Pay?
Yes, it is always better to file your taxes even if you can’t afford to pay what you owe. The IRS charges a much higher penalty for not filing than for not paying, and filing your return helps reduce additional fees and limits your risk of enforcement actions. In most cases, filing on time, even […]
Read moreWhat Happens If You Don’t File Taxes?
If you don’t file your taxes, the IRS can still assess what you owe, add penalties and interest, and eventually take collection action. In many cases, not filing creates a worse outcome than filing and not paying. Even if you can’t afford to pay your taxes, filing your return is one of the most important […]
Read moreIRS Back Taxes or Unfiled Returns? What to Do Now
If you haven’t filed your taxes yet, you could already be getting charged penalties — and they increase every month. If you have IRS back taxes or unfiled returns, the most important thing to know is this: you still have time to reduce the damage, but you should act now. A lot of people assume […]
Read moreWhat Is the Difference Between a Lien and a Levy?
What Is the Difference Between a Lien and a Levy? When you owe the IRS money, their goal is to get paid. The IRS will issue a federal tax lien as a legal claim against your assets. Similarly, state tax authorities can issue their own form of tax lien if you owe them money, […]
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