Wade filed his Federal income tax return on time but did not remit the balance due. The IRS has not issued a deficiency notice.

Enter Wade's failure to pay penalty in each of the following cases.

Problem 17-23 (LO. 6) Wade filed his Federal income tax return on time but did not remit the balance due. The IRS has not issued a deficiency notice. Enter Wade's failure to pay penalty in each of the following cases Four months late, $3,000 additional tax due. Ten months late, $4,000 additional tax due. Five years late, $5,000 additional tax due. a. b. c. Feedhack Check My Work To promote and enforce taxpayer compliance with the U.S. voluntary self-assessment system of taxation, Congress has enacted a comprehensive array of penalties. Tax penalties may involve both criminal and civil offenses