Wade filed his Federal income tax return on time but did not remit the balance due. Compute

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Wade filed his Federal income tax return on time but did not remit the balance due. Compute Wade's failure to pay penalty in each of the following cases.

The IRS has not issued a deficiency notice.

a. Four months late, $3,000 additional tax due.

b. Ten months late, $4,000 additional tax due.

c. Five years late, $5,000 additional tax due.

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

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

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Question Posted: Sep 09, 2015 07:10 AM

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Wade filed his Federal income tax return on time but did not remit the balance due. Compute

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The failure to pay penalty is 5 of the tax du...View the full answer

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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