You have filed your returns but didn't have the money to pay what was owed. You may think, "Oh well---I will catch up next year." Before you know it, you're several years in arrears and suddenly there is a notice from the IRS, stating that you owe three or four times the original amount. It's truly amazing how fast tax penalties and interest accumulate. Now you have a choice. Either you can pay the full amount, including interest and penalties, or continue to ignore the notices while the penalties and interest continue to grow. |
