Hello guys!!Find the attachment andSolve all 5 shortquestions.

Question: 1. Claudia owns business property that has increased in value by $20,000. If she sells now, three weeks before the end of the tax year, it will be subject to her current 33 percent marginal tax rate. If she waits until the beginning of the next year, she expects her marginal tax rate to decrease to 25 percent. How much more tax will she pay if she sells now rather than waiting the three weeks until next year? 2. Robert decided not to file his return on April 15 because he knew that he could not pay the balance due. He files his return on August 3, paying the full $4,000 balance. What are Robert's expected late payment/late filing penalties. 3. Kevin deliberately omitted $40,000 of gross income from his restaurant on his 2015 tax return. The return indicated gross income of $200,000 when filed on April 14, 2016. When can the IRS no longer pursue Kevin with the threat of collection of the related tax, interest and penalties? Explain. 4. What are the four key steps involved in tax research? 5. Kimo Corporation, a cash-basis, calendar year taxpayer, is in the 25% marginal tax bracket this year. Kimo owes a $15,000 expense that it may pay before the end of this year or in January of the next year. a. If Kimo expects a 15% marginal tax rate next year, should Kimo pay the expense this year or next? Use a discount factor of .909. b. How would your answer change if Kimo expected a marginal rate next year of 34%