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Both the failure - to - file and the failure - to - pay penalties apply to Jack this month. Fewer than 6 0 days
Both the failuretofile and the failuretopay penalties apply to Jack this month. Fewer than days have passed since the due date.
How will the IRS handle these penalties?
The penalties will not be combined; the IRS will impose the lesser of the two.
The penalties will be combined with no reduction.
The penalties will not be combined; the IRS will impose the greater of the two.
The penalties will be combined; the failuretofile penalty is reduced by the failuretopay penalty.
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