Ms. Cross didnt request an extension of time to le last years income tax return and didnt
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Ms. Cross didn’t request an extension of time to file last year’s income tax return and didn’t mail the completed return to the IRS until August 8. She enclosed a check for $2,380, the correct balance of tax due with the return.
a. Assuming that Ms. Cross can’t show reasonable cause for filing a delinquent return, compute the late-filing and late-payment penalty.
b. How would your answer change if she did not mail her return until November 21?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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