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Taxpayer (TP) prepared its tax return for 2022 on Saturday, April 15, 2023. The return showed a balance due of $3,000. TP prepared a check
Taxpayer (TP) prepared its tax return for 2022 on Saturday, April 15, 2023. The return showed a balance due of $3,000. TP prepared a check for the balance due and placed the check and the return in an envelope for mailing on Monday. On Monday, the TP forgot to mail the return. Assuming the TP mails the return on April 18, 2023, the total penalties will be:
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