There are consequences to not paying your taxes and many people are well aware of this. The consequences can’t be discharge like a credit card debt but it may lead to the garnishment of your wages and claims on your assets or properties. The process of collecting your over due tax is one that you might want to avoid at all cost. It’s best to always file your tax and make payments accordingly. If you have emergency situation that stops you from making payments then you should write to the IRS so that they will offer you many solutions or options to pay your taxes. There is a difference between an intentional avoidance to pay tax and an emergency. You should aim at an emergency excuse than an intentional one. The IRS is the institution that we should follow the rules and do things properly each time to avoid penalties, and charges.

The IRS would pursue the amount that you owed at all cost and to the point where they will sell your home. This is a bit extreme but they will go to that point to collect the tax that you owed. It’s imperative that you familiarize yourself with the laws so that you can avoid paying too much later on. It’s not worth the penalties. There are many people that are trying to see if they can get away with certain things but they will end up paying penalties rather than getting away with paying taxes. I had a friend who claimed many dependents that weren’t there and in the end she ended up paying back the amount that she owed plus penalties and interest. They have up to three years to audit you or write to you about the tax return three years earlier so you want to do the right thing. There will be consequences on your over due tax amount and you will rarely get to walk away free without paying the amount that you owed. It’s wise to file a tax return and pay what you owed and don’t let it slip.

The consequences could be in penalties for not paying or intentional avoidance, interest adding up since the time you were supposed to pay, wage garnishment, and claiming on your personal assets and properties if you don’t have hard cash. These procedures are unpleasant and you will not be able to stop the IRS. They have power over taxes that are over due. The IRS have power to collect taxes and they’re not like a neighbor where you can avoid repaying your small loan. They will pursue you relentlessly. I have seen it and read it. It happens to people each year. You should learn from other people’s mistakes and do the right thing. Usually you will see people in the very high income bracket trying to cut corners but then they ended up paying more than what they owed. Since they make a high income, they also pay a very high amount of tax too and this is the reason why some try to cheat. I can say that it’s hard to cut corner with the IRS and they will catch on to those that do. It’s important to pay all of your taxes on time and don’t withhold things that you’re not legal to claim.

Written by kay_pierre

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