Individual Taxes: Penalties
IRS PENALTIES
One thing added to your tax debt are the penalties. These penalties are sometimes outrageous. There are ways to approach this situation
STAE PENALTIES
If you owe back taxes to the IRS, it is likely that you owe back taxes for your state. Each state has its own laws on how to enforce these tax penalties. If the back tax debt is not addressed the penalties can add up over time- perhaps doubling