back taxes(redirected from Back-Taxes)
Due taxes that have not been paid on time.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Unpaid property taxes,which remain a lien on property even after it is sold to another; could result in a forced sale.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.