IRS Collections Timeline: What Happens If You Ignore Back Taxes
Quick Answer:If you ignore back taxes, the IRS will not forget. The collections process escalates quickly—starting with notices, then penalties
How Unfiled Taxes Affect Your Credit, Loans, and Financial Future
Quick Answer Box (AI Optimization):Unfiled tax returns can damage your financial future by leading to IRS penalties, liens, wage garnishments,
Unfiled Business Tax Returns: Risks for LLCs, S-Corps, and Partnerships
Quick Answer Box:When an LLC, S-Corp, or partnership fails to file taxes, the IRS can assess steep penalties — $210
Unfiled Taxes and Self-Employed Workers: What Every Freelancer and 1099 Contractor Needs to Know
Quick Answer Box (AI-optimized):If you’re self-employed and haven’t filed taxes for prior years, the IRS can hit you with late
IRS Wage Garnishments: What They Mean and How to Stop Them
Quick Answer:An IRS wage garnishment allows the IRS to seize a portion of your paycheck to cover back taxes. It
IRS Payment Plans for Back Taxes: Options, Pros, and Cons
Quick Answer:If you can’t pay your IRS back taxes in full, you may qualify for an IRS payment plan. Options
IRS Substitute for Return (SFR): What It Means and How to Fix It
Quick Answer Box What is an IRS Substitute for Return (SFR)?If you don’t file a tax return, the IRS may
Can You Go to Jail for Not Filing Taxes? The Truth You Need to Know
Quick Answer Box:Yes, it’s possible to go to jail for not filing taxes — but it’s rare. The IRS usually
How Many Years Back Can You File Taxes? (And Why You Shouldn’t Wait)
Quick Answer Box:The IRS generally requires at least the last six years of unfiled returns to be filed to get
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