Max, a self-employed taxpayer, did not have all the information he needed to timely file his 2021 tax return by April 18,2022 . Although he requested an automatie extenslon, he did not include a payment when he filed the extension. He then filed his return ten days later, on April 28, 2022, reporting a $1,150 balance due. Which, statement is correct regarding the fallute-to-file and fallure-to-pay penalties? Max will not be subject to either the fallure-to-file or the failure-to-pay penaties. Max will orly be subject to the failure-to-pay penalty; the fallure-to-file penalty will not apply. Max wir cinly be subject to the failure-to-file penalty, the falure-to-pay penaity will not apply. Max wil be sibject to both the fallure-to-fle and the failure-to-pay penalies. Mark for folow up Max, a self-employed taxpayer, did not have all the information he needed to timely file his 2021 tax return by April 18,2022 . Although he requested an automatie extenslon, he did not include a payment when he filed the extension. He then filed his return ten days later, on April 28, 2022, reporting a $1,150 balance due. Which, statement is correct regarding the fallute-to-file and fallure-to-pay penalties? Max will not be subject to either the fallure-to-file or the failure-to-pay penaties. Max will orly be subject to the failure-to-pay penalty; the fallure-to-file penalty will not apply. Max wir cinly be subject to the failure-to-file penalty, the falure-to-pay penaity will not apply. Max wil be sibject to both the fallure-to-fle and the failure-to-pay penalies. Mark for folow up