Failure to File: 7 IRS Penalties You Should Know If you are considering anything less than legal when it comes to your filing your taxes spend a little time and consider the very real consequences. It's not just Wall Street powerhouses who can be taken down for failure to file returns (on time or in general) or pay taxes as required. Wondering what's at stake? Check out some of the penalties you can expect if you don't pay up to the Tax Man.
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