You have filed your returns, but you did not have the money to pay what was owed. You may think, "Oh well---I will catch up next year." Before you know it, you find yourself several years in arrears and there is a notice from the IRS, stating that you owe three or four times the original amount.
It's truly amazing how fast tax penalties and interest add up. Now you have a choice. You can write a big fat check and pay the full amount, including interest and penalties, or you can just keep ignoring them while the penalties and interest keep piling up.
.png)
