The Failure to File Penalty is 5% of the unpaid tax, and the interest rate is the federal short-term rate plus 3%. Actions against You: The IRS can put a freeze on your bank account as well as drain it to pay the bill. If you have property, then they can place a tax lien on your property.
word noun (LANGUAGE UNIT) A1 [ C ] a single unit of language that has meaning and can be spoken or written: Your essay should be no more than two thousand words long. Some words are more difficult to spell than others.
term. n. 1. A limited or established period of time that something is supposed to last, as a school or court session, tenure in public office, or a prison sentence. 2.. a. A word or group of words having a particular meaning, especially in a specific field: I was baffled by the technical terms that the programmers were using. b. terms Language of a certain kind; chosen words: spoke in rather vague terms; praised him in glowing terms.