Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

What happens if you fail to pay your annual taxes?

Sagot :

Answer and Explanation:

Simply enough, the IRS comes for you and charges a failure to pay penalty. The penalty is 0.5% of your previous unpaid taxes for every month. So if you wouldn't want to lose more money, I'd suggest you pay your taxes.