

IRS and Tax Payment Concerns
Flashcard
•
Business
•
6th Grade
•
Practice Problem
•
Easy
Brantley Rziemkowski
Used 1+ times
FREE Resource
Student preview

5 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Is the IRS after me?
Back
Yes the IRS is after me for not paying my taxes
2.
FLASHCARD QUESTION
Front
What happens if I don't pay my taxes?
Back
If you don't pay your taxes, the IRS may impose penalties, interest, and take legal action to collect the owed amount.
3.
FLASHCARD QUESTION
Front
How can I avoid IRS penalties?
Back
To avoid IRS penalties, ensure timely filing and payment of taxes, and consider setting up a payment plan if you can't pay in full.
4.
FLASHCARD QUESTION
Front
Can I get an extension on filing my taxes?
Back
Yes, you can request an extension to file your taxes, which typically gives you until October 15th to file. However, this does not extend the time to pay any taxes owed.
5.
FLASHCARD QUESTION
Front
What should I do if I made a mistake on my tax return?
Back
If you made a mistake on your tax return, you should file an amended return using Form 1040-X to correct the error.
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