Question
Kia, a calendar year individual taxpayer files his 2019 tax return two months late. He did not obtain an extension for filing. The return reflects
Kia, a calendar year individual taxpayer files his 2019 tax return two months late. He did not obtain an extension for filing. The return reflects additional income tax due of $3,100. Required: a. Calculate the Failure to file penalty b. Calculate the failure to pay penalty
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
4th Edition
0135232872, 978-0135232873
