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Unfiled Tax Returns: Penalties and Resolution Strategies
The Internal Revenue Service (IRS) can impose penalties up to 25% of unpaid taxes for late filings, plus the loss of potential refunds after three years; however, proactive filing and seeking professional help can mitigate negative consequences.
Unfiled Tax Returns: Penalties and Resolution Strategies
The Internal Revenue Service (IRS) can impose penalties up to 25% of unpaid taxes for late filings, plus the loss of potential refunds after three years; however, proactive filing and seeking professional help can mitigate negative consequences.
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