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John Boy, a calendar year taxpayer, forgot to file his 20x4 income tax return until October 10, 20x5, paying an amount due of $10,000 at
- John Boy, a calendar year taxpayer, forgot to file his 20x4 income tax return until October 10, 20x5, paying an amount due of $10,000 at that time. On April 1, 20x5, John had obtained a four month extension to file his return. What, if any, penalties would might the IRS assess? Would he have a defense?
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Factory Accounts
Authors: John Whitmore
1st Edition
0367494825, 9780367494827
