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back taxes

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Back taxes
Due taxes that have not been paid on time.

Back Taxes
Taxes that an individual or corporation did not pay in a given year. Back taxes incur interest and penalties that add up quickly. The IRS allows for plans to pay back taxes over time, though they continue to accumulate interest in the interim.

back taxes

Unpaid property taxes,which remain a lien on property even after it is sold to another; could result in a forced sale.



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More than 14,700 Americans with previously undisclosed offshore bank accounts have come forward to settle back taxes in response to an amnesty offer, US officials said Tuesday.
More than 14,700 Americans with previously undisclosed offshore bank accounts have come forward to settle back taxes in response to an amnesty offer, US officials said Tuesday.
An entertainment center may face liquidation over bankruptcy protection weeks after Members 1st Federal Credit Union, the mortgage holder, stepped in to pay off back taxes to keep the megaplex operating.
 
 
 
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