Haven't Filed Taxes? 5 Reasons Not To Avoid The Tax Man
Few people enjoy filing income taxes. But when you can't pay your tax bill, the process may become so daunting that you simply decide not to file altogether. However, there are many reasons why this could put you in an even worse situation. How so? Here are five potentially expensive and stressful consequences of failure to file. No Statute of Limitations. Generally, the IRS has three years in which to assess tax.