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Mark and Sue are married and U.S. citizens with valid Social Security numbers. The Malones received wages and a large amount of taxable income not
- Mark and Sue are married and U.S. citizens with valid Social Security numbers.
- The Malones received wages and a large amount of taxable income not subject to withholding.
- Mark did not have health insurance coverage for 2019 and Sue had health insurance coverage through her employer.
- The Malones have a $2,500 balance due on their joint return and want advice on how to prevent a balance due next year. They do not anticipate a change in their sources of income and amounts received next year
8. What is the best option for Mark and Sue if they are not able to pay their entire balance due by the due date of the return?
A. Wait to file their return until they have the money to pay the full amount owed.
B. File Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.
C. File their tax return, pay as much as they can by the due date of the return, and request a payment plan.
D. Both A and B.
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