They will start by charging penalties for late payment (as well as for not filing penalties, if applicable) and interest will also begin to accrue. The agency can also issue tax liens against your property.

Brock Cottew
Infuriatingly humble web expert. Typical pizza fanatic. Lifelong food lover. Amateur bacon fan. Wannabe internetaholic.
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How do you get rid of a levy?
Brock Cottew1 minute 19, seconds readYou can avoid a garnishment by filing returns on time and paying your taxes in due time. If you need more time to apply, you can request an extension.
Can i file an amended tax return for free?
Brock Cottew1 minute 47, seconds readThe previous year's amendments can also be completed free of charge, but they will need to be sent by mail, since the IRS does not accept electronically filed returns for the past few years. It costs nothing to fill out and send a tax amendment by mail.
Do rich people get audited more?
Brock Cottew1 minute 57, seconds readHowever, their auditing rates have declined at a much greater rate. The decline in funding and auditors means that taxpayers, and especially those who earn the most, are much less likely to be trapped paying their taxes less than they were a decade ago.
Can underpayment penalty be waived?
Brock Cottew1 minute 45, seconds readIf the taxpayer requests relief for fines imposed for two or more tax periods, the FTA criteria may apply to the earliest tax period, provided that the taxpayer meets the criteria for a clean penalty history for the three tax years prior to the oldest tax period. To comply with the rule of a clean penalty history, the customer cannot have been fined a “significant amount of 13%” in the previous three years on the same tax return for which the customer requests a reduction.