LO.5 Emma files her income tax return 65 days after the due date of the return without
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LO.5 Emma files her income tax return 65 days after the due date of the return without obtaining an extension from the IRS. Along with the return, she remits a check for
$50,000, which is the balance of the tax she owes. Disregarding the interest element, what are Emma’s penalties for failure to file and for failure to pay?
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Related Book For
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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