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Aya files her current year tax return on July 1 3 of the following year. She pays the amount due without requesting an extension. The
Aya files her current year tax return on July of the following year. She pays the amount due without requesting an extension. The tax shown on her return is a What penalties will the IRS likely impose on Aya ignoring the penalty for
underpayment of estimated taxes Assume Aya committed no fraud and
that any penalty and interest period begins on April
b On what dollar amount, and for how many days, will Aya owe interest? Requirement a What penalties will the IRS likely impose on Aya ignoring the penalty for underpayment of estimated taxes Assume Aya committed no fraud and
that any penalty and interest period begins on April
Complete the table below to show the penalties that the IRS will likely impose on Aya. Complete all input fields.
Failuretopay penalty
Failuretofile penalty
Minus: Reduction for failuretopay penalty imposed for same period
Total penalties
$ Her current year wage withholding amounts to $ Aya pays no estimated taxes and claims no tax credits on her current year return.
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