Maureen, a calendar year individual taxpayer, files her 2020 return on November 4, 2022. She did not

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Maureen, a calendar year individual taxpayer, files her 2020 return on November 4, 2022. She did not obtain an extension for filing her return, and the return reflects additional income tax due of $15,000.

a. What are Maureen’s penalties for failure to file and to pay?

b. Would your answer to part (a) change if Maureen, before the due date of the return, had retained a CPA to prepare and e-file the return, and it was the CPA’s negligence that caused the delay? Explain.

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357519240

45th Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: May 22, 2023 04:30 AM

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Maureen, a calendar year individual taxpayer, files her 2020 return on November 4, 2022. She did not

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a The failure to file penalty cannot exceed a total of 25 Consequentl...View the full answer

South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

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