ABC partnership, which has 60 partners, failed to file a timely tax return. What penalty will be

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ABC partnership, which has 60 partners, failed to file a timely tax return. What penalty will be assessed to ABC if its tax return is filed 15 months late?

a. $150,000

b. $140,400

c. $175,500

d. $11,700

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Essentials Of Federal Income Taxation For Individuals And Business

ISBN: 9780808038009

15th Edition

Authors: Linda M. Johnson

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Question Posted: Oct 12, 2024 03:02 AM

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ABC partnership, which has 60 partners, failed to file a timely tax return. What penalty will be

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Essentials Of Federal Income Taxation For Individuals And Business

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