Question
Olivia's accountant prepares her tax return and the tax due is $100,000. The tax return must be filed by April 15th but Olivia is on
Olivia's accountant prepares her tax return and the tax due is $100,000. The tax return must be filed by April 15th but Olivia is on vacation and does not file the return and pay the tax due until July 15th.
Required: Does Olivia have any penalties due? If so, how much?
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
