It is essential to plan your taxes. Without this, you may face a situation where your negligence in failing to pay the federal income taxes over the years becomes a huge burden. What happens in such a situation? Well, the IRS (Internal Revenue Service) considers this as a misdemeanor and you may face imprisonment and/or fines for it.
As your tax lawyer is sure to explain to you, the IRS is not interested in punishing you. The focus is on obtaining the taxes. However, there are penalties on missing out the payment. The residents of Norfolk, like all of US, require paying certain penalties and interest (not exceeding 25% on the taxes per year) on the due taxes.
If there were reasonable cause for missing out the payment, you may be able to get a waiver on the penalties. Talk to the tax lawyers practicing in your city to understand whether there is such a possibility. IRS accommodates causes like death in the family, extended military service, mental illness and such others.
You need to prove that it was a mistake and you are willing to pay your taxes. Get in touch with Norfolk tax lawyers to handle the matter properly. It is imperative to make sure that there is no accusation of using fraudulent means to evade taxes. Only a lawyer proficient in the expansive domain of US tax laws can deal with the matter. It is better if you can opt for someone who has previous experience of working with IRS.