asked 79.1k views
19 votes
Why is it important to file your federal incomes taxes every year?.

asked
User NOTiFY
by
8.3k points

1 Answer

7 votes

Answer:

Avoid losing future refunds.

Step-by-step explanation:

Part or all of any refund is first used to pay any back taxes owed. Safeguard credit. If the IRS files a tax lien against a taxpayer, it could affect credit scores and make it harder to get a loan.

answered
User Fletcher Johns
by
8.0k points

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