Question $23$

William, a taxpayer, timely mailed his tax return. However,

it was returned for insufficient postage. IRS imposed a

penalty. Can William claim waiver of penalty?

Yes, William can claim waiver of penalty since it is

his first tax return.

Yes, William can claim waiver since the failure to

file tax return is due to a reasonable cause.

No$,$ William cannot claim waiver since it is a case

of willful neglect.

No$,$ William cannot claim waiver of penalty as he

is a delinquent taxpayer.