What are the consequences of failing to file or pay my taxes in North Dakota?

Failing to file or pay taxes in North Dakota can lead to several serious consequences. Firstly, you may be subject to penalty charges, which can vary based on the amount owed and the duration of non-compliance. Additionally, interest may accrue on unpaid taxes, increasing your overall liability. The Office of State Tax Commissioner has the authority to seize your assets or initiate wage garnishment to collect unpaid taxes. Your credit score may be negatively affected, impacting future borrowing abilities. Moreover, the tax commissioner can also pursue legal action, potentially resulting in liens on your property or levies on your bank accounts. Continued non-compliance may even lead to criminal charges with associated fines and potential imprisonment. It is crucial to file and pay taxes on time to avoid these avoidable consequences.