Do you owe the IRS money plus penalties and interest? IRS says you owe $10,543 for nonpayment even if they owe you a refund. of $21,537. You sold your house and didn't get the section 121 exemption and you now ow $235,000. Took out money from your retirement and owe $56,240. Think your accountant asked for an extension but did not? All of these examples happen all the time and are often incorrect. The issue is by the time the IRS send you notice, you have been assessed thousands of dollars of fees and interest. The IRS uses automated systems that screw up all the time. People and accountants/CPA miss information sometimes too. The result, you pissing your pants when you see a letter from the IRS saying you owe $26,790. You should pull your IRS transcripts every year so you don't get blindsided. Go get your transcripts at the link below. (IF you have "ID.me" it works great to log in) There are 1) Account Transcripts. 2) Return Transcripts. 3) Wage & Income Transcripts. 4) Record of Account Transcripts They are much easier to read than tax returns BTW. Get your tax records and transcripts | Internal Revenue Service https://www.irs.gov/individuals/get-transcript If you want more information. Go to the "Actual Tax Law" Community here on Skool run by Jasmin. Watch her videos. She is the best business CPA I have found. I posted a picture of her community and free courses in the attachment.