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.
Back taxes are taxes that have been partially or fully unpaid in the year that they were due. Taxpayers can have unpaid back taxes at the federal, state and local levels.
Back taxes can be a burden, but there are ways to get help. Here's what some experts suggest.
If you haven't filed your taxes in previous years, file back taxes quickly to reduce fees, dodge penalties or even score a previous year's tax refund.
Learn how to file back taxes and limit penalties and interest charges if you missed a filing deadline or failed to pay your tax bill in full.
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.
Back taxes refer to unpaid taxes from the current or previous years. The IRS starts charging penalties and interest on late or unpaid taxes the day after the tax filing deadline for that year.
in back taxes he owed. Specifically, they were attempting to recoup a huge tab from him in the amount of $578,000 -- amounting to a huge tax bill they claimed had gone unpaid from 5 tax...
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’...