Grant filed his 2023 tax return late and never properly extended his tax return. Grants lack of
Question:
Grant filed his 2023 tax return late and never properly extended his tax return. Grant’s lack of filing his return on time was determined to be intentional and fraudulent. Grant owed $6,400 for his 2023 tax return.
a. How much is his failure to file penalty if he filed his return on May 29, 2024?
b. If he filed his return on December 15, 2024, what is his failure to file penalty?
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Related Book For
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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