ANSWERS: 1
  • If you reside in a state with state income tax, you must file taxes to remain in compliance with state laws. If you don't, you will face penalties.

    Filing Taxes

    Filing taxes involves submitting the required documents to the appropriate state franchise bureau or other relevant agency.

    Paying Taxes

    Calculations in the filing process may or may not indicate the need to make a tax payment.

    Payment or Refund

    A resident who files taxes may owe nothing or be due a refund.

    A Must

    Adults generally need to file state taxes regardless of whether they believe they owe taxes.

    Failure

    Individuals required to file are in violation of state laws even if they do not owe a tax payment.

    Consequences

    Failure to pay state taxes will result in tax liens and other costly legal action against the tax payer, and amounts owed may be subjected to interest and penalties.

    Source:

    TaxSites.com

    Federation of Tax Administrators

    Tax Foundation

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