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

Worried African American couple bills man woman
sirtravelalot / Shutterstock.com

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.

Read Next

5 Reasons You Should Claim Social Security ASAP
5 Reasons You Should Claim Social Security ASAP

Experts often recommend postponing claiming your Social Security retirement benefits. But there are situations in which you should just start taking the money earlier, not later.

11 Secret Uses for Everyday Items That Will Save You Money
11 Secret Uses for Everyday Items That Will Save You Money

These are simple solutions for life’s irritations.

Simple Ways to Cut 5 Regular Bills
Simple Ways to Cut 5 Regular Bills

It’s not as hard as you might imagine to bring down recurring expenses and save hundreds or even thousands of dollars each year.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

Trending Stories