Potential Issues If You Don’t File a Tax Return

Aug. 31, 2012 - PRLog -- If you owe taxes and don’t pay the taxes by April 15th of each year you can face several issues.

Some of these issues are with the taxation authorities, and some will arise when you apply for bank loans, federal or state assistance programs, or other financial programs.

Unpaid taxes at both state and federal levels can incur fees, penalties, and interest from the due date. These amounts can quickly increase even a relatively small amount owed originally to a large amount.

source http://www.speedycpa.com/?p=840

About the author Zev Jankovic, CPA
Zev has 14 years of wide-ranging business experience. Zev has a Bachelors
in Business Administration from the University of Phoenix and a Masters in Accounting
and Information Management from the University of Texas at Dallas (and a member
of Beta Gamma Sigma – Business Honor Society). He is a Certified Public
Accountant (CPA). Zev enjoys spending time with his family, learning Talmud, listening
to music, and hiking in the beautiful Rocky Mountains.