Falling Behind: How Back Taxes Save Taxpayers

Tax Tips

Every year, around 10 million taxpayers file their tax returns late or not at all. Is it due to an unmotivated spirit or forgetfulness? Since filing your taxes is required, the IRS gives taxpayers the opportunity to file their taxes for past years through the use of back taxes. Let’s breakdown what a back tax is, some of the more common reasons people don’t file their taxes and simple steps you can take to get caught up.

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