Julie filed a valid extension for her 2014 tax return, giving her until October 15, 2015 to file her return. She filed her return on November 1 and paid $ 2,000 of tax due. For what period of time will Julie be subject to interest? For what period of time will Julie be subject to the failure-to-file and failure-to-pay penalties?
Answer to relevant QuestionsLeigh, who is not a Circular 230 practitioner, is employed by Rose, a CPA. One of Rose’s clients has been notified that the IRS has selected his 2012 income tax return for audit. Rose had prepared the return and signed it ...Jim received a six-month extension (to October 15, 2014) to file his 2013 tax return. Jim actually filed the return on October 20, 2014, paying the $ 20,000 amount due at that time. He has no reasonable cause for failing to ...Trudy’s AGI last year was $ 200,000. Her federal income tax came to $ 40,000, which she paid through a combination of withholding and estimated payments. This year, her AGI will be $ 300,000, with a projected tax liability ...The Church of Freedom encourages its members to file “tax protestor” returns with the IRS, objecting to both the government’s failure to use a gold standard in payment of tax liabilities and its sizable expenditures ...Tobey was late in filing his federal income tax refund claim, but he requested an extension of the statute of limitations, citing the financial-disability exceptions of I. R. C. § 6511(h). Tobey’s mother is chronically ...
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