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A Guide Through unpaid Back Taxes, Late Tax Filing, Payroll Tax Filing 

 Back taxes are basically the situation whereby individuals fail to pay their taxes on time and are left to accumulate over the years. When it comes to dealing with unpaid back taxes this is the situation whereby an individual failed to pay his taxes in good time and now they will be obliged to pay them with accrued interest and it will also involve a credit report penalty.  We are aware that unpaid back taxes Vancouver can be a serious issue to the taxpayers who find themselves in such a situation especially those who may not be in a position to pay the lump sum that may have accrued as a result of the interest.   If they may not be able to pay it in full, they are free to request for installment payment so that they may be able to clear the debt.

 

 

  There are times that individuals find themselves in situations where they have failed to file their taxes in good time and therefore the deadline has passed and at times they may be genuine reasons behind it and other times it may just be excused.  Many a time we find ourselves filing our taxes late, we normally do not have good enough reasons as to why we delayed because the date for filing taxes is normally known well in advance so we have enough time to prepare ourselves to ensure that we do not delay to file our taxes on time.  An individual should know that late payment of taxes or late filing of taxes does not go unpunished and it comes with a penalty on the total amount of taxes that an individual should pay, therefore the final amount will have increased. 

 

 

 Vancouver payroll tax problems involve a tax that is levied on the income or salary of individuals and is also independent on the amount of salary that an individual receives.  The government knows the importance of payroll taxes and this is because they are able to acquire revenue from them and for this reason, they try to ensure that there is an increase in employment rate so that more people can be able to work and therefore it will mean more revenue for the government.  The individuals who are in the employment sector should ensure that their taxes are filed on time and are not delayed so that they can be able to avoid being on the wrong side of the government.   The above discussion has been able to look into unpaid back tax, late tax filing and payroll tax filing.

 

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