IRS Penalties for Unfiled Tax Returns: What You’re Really Facing
Quick Answer:If you don’t file your tax returns, the IRS can charge you with: Failure-to-File Penalty: 5% of unpaid taxes
Quick Answer:If you don’t file your tax returns, the IRS can charge you with: Failure-to-File Penalty: 5% of unpaid taxes
Quick Answer:Ignoring unfiled tax returns doesn’t just trigger IRS penalties — it can hurt your credit, block business opportunities, derail
Quick Answer: If you have unfiled tax returns, the fastest way to regain compliance is to gather your income records
Quick Answer:IRS penalty abatement is a process that can reduce or remove tax penalties if you have a valid reason
Quick Answer:The most common IRS and NCDOR audit triggers in Lake Norman, NC include unreported income, excessive deductions, mismatched information
Quick Answer:If you’re self-employed in Lake Norman, NC and haven’t filed taxes for one or more years, you’ll need to
Quick Answer:If you can’t pay your IRS or NCDOR tax debt in full, don’t ignore it — you have options.
Quick Answer:An IRS or NCDOR tax lien is a legal claim against your property when you owe back taxes. It
Quick Answer:An IRS CP2000 or NCDOR mismatch notice means the income or deductions reported on your tax return don’t match
Quick Answer:Yes. Both the IRS and the North Carolina Department of Revenue (NCDOR) can garnish your wages if you owe