Back taxes is a term for taxes that were not completely paid when due. Typically, these are taxes that are owed from a previous year. Causes for back taxes include failure to pay taxes by the deadline, failure to correctly report one's income, or neglecting to file a tax return altogether....
English Noun back taxes pl ( plural only ) Taxes that were not paid when due.
CRA said it has recovered $237 million through offsets such as holding back tax refunds. Gerry Campbell, director of operations for Liberty Tax in Toronto, said he's heard from a number of...
Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.
The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’...
Europe’s top court ruled against Apple on Tuesday in the tech giant’s 10-year court battle over its tax affairs in Ireland. The case stems back to 2016 when the European Commission...
The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part o...
of tax compliance. On Friday, the IRS unveiled new numbers on the amount of back taxes paid by millionaire households ever since a 2022 upgrade brought tougher IRS enforcement on businesses...
going back to 2005. The new formula increased its 2014-15 taxes by £13.8m, according to its UK accounts to be published shortly, and it will now pay a higher rate of tax. The deal comes...
owed tax debt. The agency credited the passage of the Inflation Reduction Act for its stepped... While $20 billion was ultimately clawed back in 2023 as part of the deal to head off a debt...