9 Awful Things That Could Happen If You Don’t Pay Your Taxes

What's the worst that could happen if you don't file your taxes? The penalties can be horrific.

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Pull out your shoebox of receipts and clear your calendar. Tax filing season is here.

But what happens if you don’t file your taxes? Will the IRS really even notice?

Um, yes. Even if you don’t file, your boss, mortgage company and bank are reporting forms to the IRS with your name and Social Security number.

Once the IRS catches up, the consequences can range from mildly annoying to your-life-will-never-be-the-same-again.

Following is a look at exactly what could happen if you fail to pay your taxes.

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