Which of the following is NOT a type of U.S. Treasury Regulation? a. Proposed Regulations b. Temporary Regulations c. Safety Regulations d. Final Regulations Which of the following is NOT true regarding Private Letter Rulings (PLRs)? a. They are issued at the request of the taxpayer b. They are made available to the public c. They provide no insight into how the IRS might rule in a similar case d. The IRS is bound by its determination in the ruling Which of the following is true regarding tax audits, procedures, and appeals? a. Letter rulings are private and not published or available to the public b. In order to appeal in a District Court the taxpayer must pay the deficiency and sue the IRS as the defendant c. A taxpayer can always request a jury trial d. The dollar limit for the small crimes division is $20,000. Tim failed to file his tax return a few years ago and pay his $7,000 tax liability that was owed at the time. You are his new tax advisor responsible for preparing and filing his return in the current year, but 21.5 months late. How much is his: (1) Failure-to-file penalty, (2) Failure-to-pay penalty, (3) Total penalty a. $1,575,$770,$2,345 b. 1,125,$550,$1,675 c. $1,750,$595,$2,435 d. $1,250,$750,$2,000 Baker recently filed his tax return. He failed to file a proper extension and then filed 99 days after the due date. Along with his return he remitted a check for $4,000 which was his full income tax liability without penalties. What are Baker's total penalties? a. $760 b. $740