50 Weird Ways People Go Broke

26. Not Paying Back Taxes

People owe back taxes for many reasons, ranging from honest mistakes and lost paperwork to willful ignorance and tax evasion, said Eckstein. In most cases, the IRS just wants the money and will work with you.

But if you’re blatantly deceptive, don’t stick to payment plans or ignore collection attempts, the IRS can take action that leaves you broke, such as seizing your accounts and garnishing your wages.

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