What are the consequences for failing to pay or file my state taxes in Florida?

Failing to pay or file state taxes in Florida can result in several consequences. Late payment penalties are imposed at a rate of 10% of the unpaid amount, with interest accumulations starting from the due date. Additionally, failure-to-file penalties may be imposed at a rate of 10% of the tax due for every month it remains unfiled, up to a maximum of 50%. These penalties can accrue quickly, potentially doubling the amount owed within five months. Further consequences include potential tax liens, where the Department can file a claim against your property or assets. In severe cases, the Department may resort to levies or seizures of assets, wage garnishments, or legal action. Ignoring or disregarding tax obligations can lead to mounting financial burdens and legal troubles, making it crucial to fulfill tax responsibilities promptly and accurately.