Tax Delinquency

Tax delinquency occurs when an individual or business fails to pay taxes owed to the government by the deadline. This can result from various reasons, such as financial difficulties or oversight. When taxes are not paid on time, penalties and interest may accrue, increasing the total amount owed. Authorities may take action to recover the debt, including wage garnishments, bank levies, or placing liens on property. It's important for taxpayers to address any issues promptly to avoid further complications and legal consequences.