10 Common Tax-Filing Mistakes That Cost You Big Time

Fear of Filing

Many people who owe money to the IRS don’t file a return at all because they simply don’t have the money to pay. However, if you don’t file, the penalty is much higher than the penalty for just not paying.

‘If you can’t pay all that you owe on time, you should still file your return and pay as much as you can.’—Deborah Gregory, former IRS attorney

 
Not filing taxes because you’re afraid is one of the worst thing you could do. Firstly, the IRS knows that you owe them money, anyway. Secondly, if you don’t even bother to file them, it’ll annoy them even more. Also, note that the IRS has many programs to help people pay their taxes in time, so you can benefit from one of those!

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