LO.6 Orville, a cash basis, calendar year taxpayer, filed his income tax return 70 days after the

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LO.6 Orville, a cash basis, calendar year taxpayer, filed his income tax return 70 days after the due date. Orville never extended his return, and he paid the taxes that were due when he filed the return. What penalty will Orville incur, and how much will he have to pay if his additional tax is $6,000? Disregard any interest he must pay.

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South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts

ISBN: 9781133495574

36th Edition

Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney

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