What Happens If I Don’t File Tax Returns?
If you don't file your tax returns, the IRS can take a number of enforcement actions. The most common is to assess a failure-to-file penalty. This penalty is generally 5% of the unpaid taxes for each month or part of a month that a return is late, up to 25% of the unpaid taxes. The IRS may also file a notice of federal tax lien, which is a public record that alerts creditors that you owe the IRS money.
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Schedule your absolutely free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706
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