Investor Glossary - Back TaxesInsightful stock market charts - Click here

 # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z     
Is the stock market headed lower? The answer may surprise you.
Find out now with the exclusive & highly regarded charts of Chart of the Day.

Back Taxes

Back taxes are taxes owed for years prior to the current tax year. Back taxes are generally considered past due taxes. Because back taxes are generally treated as late, interest and penalties are often attached and must be paid at the same time that the back taxes are brought up-to-date. Back taxes may be owed by individuals as well as businesses and corporations. If an individual is unable to pay all back taxes due at once, payment terms can often be arranged, although penalties and interest may continue to accrue until all of the back taxes are brought current. Under certain conditions the government may seize property and/or assets or place liens on property to satisfy back taxes, or, in extreme cases, an individual may face prison time for failure to pay back taxes.


               


 Popular Terms : 401a, FICO score, 1031 exchange, option premium, reverse mortgage, balance sheet, quant, stock, deferred revenue, CUSIP, forward PE, asset/equity ratio, Black Friday, minority interest, retained earnings, trailing PE, 10-K, average price per share, annualize, deferred tax




 Rate the back taxes definition... Receive our free Term of the Day email.
 Your Rating:
 Poor 1 2 3 4 5  Excellent
Simply type in your email address and click submit:
 Comment:   
 


Subscribe   Unsubscribe
Home | Term of the Day | Tell a Friend | Suggest a Term | Edit Subscriber Detail
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2008 Investor Glossary - All rights reserved