Tax Debts

Tax debts refer to the money that a person or business owes to the government due to unpaid taxes. This can occur when someone fails to file a tax return or doesn't pay the full amount owed on time. Tax debts can lead to penalties, interest, and other consequences, such as wage garnishment or liens against property. It's important to address tax debts promptly, as they can accumulate over time and complicate financial situations. Resolving tax debts typically involves payment plans, negotiations with tax authorities, or seeking professional help from tax advisors or lawyers.