Why Do So Many People Fall Behind On Their Taxes?

Author: External Author | | Categories: Business Tax Preparation , Financial Services Consulting , Small Business Accounting , Tax Planning , Tax Resolution

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According to the most recent data from the U.S. Internal Revenue Service, Americans owed over $131 billion in back taxes, penalties, and interest in 2018.1 Despite the threat of owing thousands of dollars to the U.S. government, millions of Americans continue to fall behind on their taxes.

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Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:   BRIAN O'CONNELL

Original Article Posted on:   Dec 12, 2020

Link to Original Article:  https://www.investopedia.com/articles/personal-finance/021214/why-do-so-many-people-fall-behind-their-taxes.asp



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