Delinquent Tax Returns and the Consequences You Could Face

What are the Consequences of an Unsubmitted Tax Return? ​

The consequences of an unsubmitted tax return can range from a fine to jail time. In the event that a taxpayer does not file their tax return, they will be required to pay a fine for each month that they are delinquent. According to the IRS, the Failure to File Penalty is 5% of the unpaid taxes for each month that the tax return is late. 

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