Lessons Learned About

Vital Things to Know If You Don’t File Taxes

Paying the taxes is one of the things that are certain when it comes to life. To pay taxes is vital but some people think that they can avoid it. However, if one does not pay taxes it matters to know what might come in his or her way. When you don’t pay taxes it is ideal to know the kind of the things to expect as you will discover here. One thing you should expect is that IRS will come knocking.

Your employer will inform the IRS that it has payed you which is not a thing that you need to experience. With such information you can have some trouble with IRS which is something that you need to avoid as you can see here. If you don’t pay taxes you will realize that there might be some penalties that you will have to pay. To pay penalties it is not a thing that everyone will welcome in his or her life.

Knowing what to do incase you are facing penalties is vital and you can go through this website to learn more. On top of paying penalties it is good to know that you will have to part with interest rates as well. If you would want to know the interest rates that comes with penalties it is easier to know the same through this site.

If you need the state tax refund you will risk not getting it when it comes to penalties. If you have some penalties that you might need to pay it is good to know that the state can take the tax refund to offset the balance. It is ideal if you can view here if you suspect that your tax refund is going to offset your penalties. The other issue that you should expect with not paying taxes is that the federal agency will do what it takes to recover the balance from you.

If you have annuities or any social security benefits it can take from such accounts when it comes to recovering the tax balance. Not paying taxes is not an ideal thing to do because there are many issues that you can get into with the federal agency. If you have issues with IRS it can be one of the things that would be good to avoid because there are many problems that comes with it and you can click here for more tips on how to avoid such problems.