Unfortunately, if you do find yourself in a position where you have one or multiple past due tax returns, the IRS will investigate you and they may even decide to perform an audit on your past years’ tax returns as well. If the IRS notices a pattern that suggests you intentionally did not file your tax returns, you could face some serious consequences.
The worst consequences that comes along with past due tax returns are the penalties. The IRS is allowed to assess you interest, penalties, and more. Once these fees start to pile up, you may find yourself quickly drowning in debt. The steps that you take to file a past due tax return will impact the consequences you face.
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