Most Common Reasons For Having Unfiled Tax Returns
The most typical reason for unfiled taxation statements is ignorance. However, ignorance of regulations excuses nobody from the Latin maxim "ignorantia legis non excusat". By virtue of the ruling, the IRS can still follow these non-paying citizens. There are a great number of individuals who are duty bound to cover taxes who usually do not file any return for whatever reasons only recognized to them. Some are not able to file returns for they are not aware they have this obligation to take action.
Most of these people usually do not file or pay taxes for a number of reasons. One common reason among taxpayers for having unfiled tax returns is the insufficiency of documents accessible as their bases for filing. It generally does not also mean that they do not have the capacity to pay, and for this reason the inner Revenue Service has all the reasons to follow them as they are legally obliged. This is the universal problem among the business sector particularly if there is no regular retainer to keep and do the tax return filing.
There are times when the employees have no idea the specific entries that should be made and for this reason they prefer to keep carefully the file rather than file a wrong return and incur uncalled for liability. This is very common when employers usually do not care to file collectively or in mass because of their employees. In cases like these the employees who do not have any idea how to proceed making use of their unfiled returns, as regarding employed individuals who have their W2s just usually do not file.
The amount of unfiled returns corresponds to some million dollars for unpaid claims because of the government. As dutiful citizens that are qualified taxpayers they must keep an eye on their duties and responsibilities. Payment of tax dues is a duty which binds every taxpayer as their part in recognition of certain enjoyment of rights and protection extended in their mind by State generally terms.
unfiled tax returns
You should be aware that taxes are important to the government's proprietary functions. It is for this reason that an agency of the government including the IRS has been created to function as its assessor and collector of unpaid obligations. The taxes that taxpayers pay are necessary for the coffers that fill or soon add up to the State funds thus it is no good reason for you to keep unfiled returns.