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Simple English definitions for legal terms
delinquent tax
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A quick definition of delinquent tax:
A delinquent tax is money that someone owes to the government but has not paid on time. Taxes are charges that the government imposes on people, businesses, and things like property to get money for public needs. Sometimes, taxes are paid in money, but they can also be paid in other ways. For example, a tax might be included in the price of a ticket to an event. If someone doesn't pay their taxes on time, they might have to pay extra money as a penalty.
A more thorough explanation:
A delinquent tax is a type of tax that has not been paid by the due date. Taxes are monetary charges imposed by the government on persons, entities, transactions, or property to yield public revenue. This includes duties, imposts, and excises. Although a tax is often thought of as being pecuniary in nature, it is not necessarily payable in money.
- Property tax that is not paid by the due date becomes a delinquent tax.
- Income tax that is not paid by the deadline is considered a delinquent tax.
- A business that fails to pay its sales tax on time will owe delinquent taxes.
These examples illustrate how a tax becomes delinquent when it is not paid by the due date. Failure to pay taxes on time can result in penalties, interest, and legal action by the government.