An individual who has withheld too little in taxes can expect a large tax bill from the tax authorities during a tax season.
What are taxes?
Taxes are obligations imposed on the taxpayer's income earned in the previous financial year. They are determined on the basis of federal slab rates according to the filing status of taxpayers.
Tax season is the duration from early times till the middle of January month. The person who retains fewer taxes will be contacted by the IRS authority to reimburse the taxes on time otherwise they have to suffer harsh penalties or even legal punishments.
To learn more about the tax season in the below-mentioned link:
https://brainly.com/question/2998678
