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Ivy timely filed for an extension, then filed her 20X1 Form 1040 return on 7/30/20X2. This return showed tax was due of $60,000, which Ivy
Ivy timely filed for an extension, then filed her 20X1 Form 1040 return on 7/30/20X2. This return showed tax was due of $60,000, which Ivy did not pay until 1/30/20X3. How much is the penalty under 6651(a)(2), including applicable adjustments under Sec 6651 (rounded to the nearest dollar)?
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The penalty under 6651a2 is calculated as follows 1 Determine the number of months the ta...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
