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An individual files his 20X1 return one day late on April 16,20X2, enclosing payment for the full amount of tax due on the return. The
An individual files his 20X1 return one day late on April 16,20X2, enclosing payment for the full amount of tax due on the return. The IRS subsequently imposes a failure -to-file penalty on a notice and demand dated July 10,20X2, which the taxpayer pays on July 19. When, if at all, does interest begin to accrue on the penalty?
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