What is the back taxes? What happens when someone fails to pay the taxes completely?

When someone fails to pay taxes completely we call it back taxes. This term usually refers back to the debts from the previous year. There are different reasons which may cause back taxes, such as not paying the taxes by the deadline, neglecting to file a tax return, and reporting income incorrectly. The authority might employ a variety of approaches, like criminal charges or voluntary disclosure programs offerings, to collect the back taxes. At this point, if the taxes were still unpaid, the government could legally seize the assets of the taxpayer. All in all, paying taxes in full amount will cost you much lower than the situation you fail to pay it completely because of related penalties and interests cumulation. However, if paying back taxes is your current problem, in order to find out how to file a back tax return please watch the video.