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 Glossary   >   B   >   "Back taxes" Definition   

        Back taxes

Taxes that have not been paid on the due date or were underreported either by accident or by intention on a past tax return. The tax authorities can demand payment of back taxes plus the imposing of penalties and or interest.

Back taxes


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Back taxes - Taxes that have not been paid on the due date or were underreported either by accident or by intention on a past tax return. The tax authorities can demand payment of back taxes plus the imposing of penalties and or interest.


Back taxes : taxes that have not been paid on the due date or were underreported either by accident or by intention on a past tax return. the tax authorities can demand payment of back taxes plus the imposing of penalties and or interest.