Have you filed your tax returns but found yourself unable to pay the owed amount? It's easy to think, "I'll handle it next year." But before long, you might find yourself years behind, only to receive a notice from the IRS stating that you now owe three or four times the original amount.

The speed at which tax penalties and interest accumulate can be astonishing. You are now faced with a choice: either write a substantial check to cover the full amount, including penalties and interest, or continue to ignore it as the penalties and interest continue to mount.