It prevents you from getting any late fees or interest of your prior taxes.
Being able to file and pay on time also allows you to get those tax refunds that could be very helpful.
The IRS has seen a growing number of people filing and paying their taxes through their website.
More and more people are logging in and getting their information about filing their taxes through the Internet.
Aside from that, more of them are trying to get as much information as to how to avoid penalties and get their tax refunds.
The number of people who visit the website continuously grows each year and so is the rate of people calling their offices.
With this, more information is given to the general public about the changes in tax laws, filing and paying of taxes.
In their website, there is a step by step procedure on how to file for prior taxes as to avoid any further penalties.
If prior tax that was not settled you can just visit the IRS website and you will be getting a lot of information as to how you can save money and what options are available to you to get those taxes done.
Be it private or business tax that you have not filed for, you will sure to get the information you need and how to compute for the penalties.
The greater is your balance on the prior tax the greater the interest you will be paying on.
So it would be well to pay as much as you can or pay the amount in full.