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Rita forgot to pay her Federal income tax on time. When she actually filed, she reported a balance due. Compute Ritas failure to file penalty
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Rita forgot to pay her Federal income tax on time. When she actually filed, she reported a balance due. Compute Ritas failure to file penalty in each of the following cases.
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Two months late, $1,000 additional tax due.
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Five months late, $3,000 additional tax due.
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Eight months late, $4,000 additional tax due.
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Two and a half months late, $3,000 additional tax due.
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Five months late due to fraud by Rita, $4,000 additional tax due.
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Ten months late due to fraud by Rita, $15,000 additional tax due.
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