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Filing Late and/or Paying Late

What are the consequences?

You are looking for trouble and it better be worth the aggravation that you can get.

Taxpayers should pay the taxes they owe in full after they get a bill.

If you don't pay up and don't make some effort to do so, the IRS can ask you to do something to pay the tax money owed.

You at first might be asked to sell assets, take a mortgage or take out a loan.

Here is where it gets worse:

If you aren't making an effort to come up with the dough or make some payment arrangements, the IRS could start to get more adamant and start enforcing collection.


They can levy your money in bank accounts, get control of your wages, and come to take assets.

Imagine some IRS guy seizing your boat or riding off on that brand new motorcycle, or worse. IRS boat seizure

(No! No! Take my wife, Please)

If a Notice of Federal Tax Lien is filed it most likely would affect your credit.

There are tax attorneys that can be of great assitance and get you into a deal with the IRS.www.TaxMan123.com

If the IRS thinks you are being sneaky and fraudulent, you could end up in federal prison.
You wouldn't like that very much.

Federal prisons are lacking in golf courses, gentlemen's clubs, boating programs and nightclubs.

Call a tax lawyer if you are in that kind of trouble.

For more detailed tax information go to www.irs.gov

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