{"id":28294,"date":"2017-09-18T21:19:39","date_gmt":"2017-09-18T21:19:39","guid":{"rendered":"https:\/\/www.hrblock.com\/tax-center\/?p=28294"},"modified":"2018-04-16T17:36:19","modified_gmt":"2018-04-16T22:36:19","slug":"tax-dictionary-tax-debt","status":"publish","type":"post","link":"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-tax-debt\/","title":{"rendered":"Tax Debt"},"content":{"rendered":"<h2>IRS Definition<\/h2>\n<p>If you&#8217;re not able to pay the tax you owe by your original filing due date; the balance is subject to interest and a monthly late payment penalty.<\/p>\n<h2>More from H&amp;R Block<\/h2>\n<p>Any time you don&#8217;t pay the tax balance shown on your federal income tax return in full by the due date, you create a tax debt.<\/p>\n<p>The IRS can charge penalties and interest on that debt, and those will add up until you pay off the tax debt.<\/p>\n<p>The IRS will send you increasingly urgent notices requesting payment. If the IRS doesn&#8217;t receive a response, the IRS can begin enforced collection action, such as issuing a <a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-levy\/\" target=\"_blank\" rel=\"noopener\">levy<\/a> on your wages or bank accounts, or filing a federal <a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-federal-tax-lien\/\" target=\"_blank\" rel=\"noopener\">tax lien<\/a>.<\/p>\n<p><a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/bill-for-unpaid-taxes\/\">Learn what to do if you have tax debt that you can&#8217;t pay.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRS Definition If you&#8217;re not able to pay the tax you owe by your original filing due date; the balance is subject to interest and a monthly late payment penalty. More from H&amp;R Block Any time you don&#8217;t pay the tax balance shown on your federal income tax return in full by the due date, [&hellip;]<\/p>\n","protected":false},"author":605,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,51],"tags":[],"class_list":["post-28294","post","type-post","status-publish","format-standard","hentry","category-irs","category-audits-and-tax-notices"],"acf":[],"yoast_head":"<title>Tax Dictionary - Tax Debt | H&amp;R Block<\/title>\n<meta name=\"description\" content=\"Get the facts from H&amp;R Block about what creates an IRS tax debt, the consequences of tax debt, and the options you may have when you can&#039;t pay your taxes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-tax-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Debt\" \/>\n<meta property=\"og:description\" content=\"Get the facts from H&amp;R Block about what creates an IRS tax debt, the consequences of tax debt, and the options you may have when you can&#039;t pay your taxes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-tax-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"H&amp;R Block\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hrblock\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-18T21:19:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-16T22:36:19+00:00\" \/>\n<meta name=\"author\" content=\"Elyce Luegers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hrblock\" \/>\n<meta name=\"twitter:site\" content=\"@hrblock\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elyce Luegers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-tax-debt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-tax-debt\/\"},\"author\":{\"name\":\"Elyce Luegers\",\"@id\":\"https:\/\/www.hrblock.com\/tax-center\/#\/schema\/person\/91512e91ae00a37478a4f91b90022449\"},\"headline\":\"Tax Debt\",\"datePublished\":\"2017-09-18T21:19:39+00:00\",\"dateModified\":\"2018-04-16T22:36:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-tax-debt\/\"},\"wordCount\":144,\"articleSection\":[\"IRS\",\"Audits and tax notices\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-tax-debt\/\",\"url\":\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-tax-debt\/\",\"name\":\"Tax Dictionary - 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