Taxes

Understanding Tax Debt: Causes, Consequences, and Solutions Finance

Understanding Tax Debt: Causes, Consequences, and Solutions

Tax debt occurs when individuals or businesses owe unpaid taxes to the government. This can result from underpayment, filing errors, financial hardships, or failing to file a tax return. Left unresolved, tax debt can lead to serious consequences, including penalties, interest charges, wage garnishments, and legal actions. Understanding why tax debt happens, its impact, and […]

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