Perhaps you have filed your returns but didn't have the money to pay
what was owed. You may have thought, "Oh well---I will catch up next year." Before you
know it you find yourself several years in arrears and suddenly
there is a notice from the IRS, stating that you owe substantially more than the original amount.
It's truly amazing how fast tax penalties and interest add up. Now
you have a choice--you can write a big check and pay the full amount,
including interest and penalties, or you can just keep
ignoring them while the penalties and interest keep piling
up.
