Question
On February 3, 2015, Jack earned $45,000 as an independent contractor. No withholding was taken out of his earnings. Jack did not have to file
On February 3, 2015, Jack earned $45,000 as an independent contractor. No withholding was taken out of his earnings. Jack did not have to file a tax return for 2014. Jack will have to pay penalty and interest if he waits until April 15, 2016 to pay the taxes due on the $45,000.
True or False?
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Federal Tax Accounting 2022
Authors: Frank L. Brunetti
1st Edition
080805631X, 9780808056317
