Julie filed a valid extension for her 2020 tax return, giving her until October 15, 2021, to
Question:
Julie filed a valid extension for her 2020 tax return, giving her until October 15, 2021, 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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Interest will be charged from April 15 2021 until Novembe...View the full answer
Answered By
Amar Kumar Behera
I am an expert in science and technology. I provide dedicated guidance and help in understanding key concepts in various fields such as mechanical engineering, industrial engineering, electronics, computer science, physics and maths. I will help you clarify your doubts and explain ideas and concepts that are otherwise difficult to follow. I also provide proof reading services. I hold a number of degrees in engineering from top 10 universities of the US and Europe.
My experience spans 20 years in academia and industry. I have worked for top blue chip companies.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
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...
-
Julie filed a valid extension for her 2017 tax return, giving her until October 15, 2018, to file her return. She filed her return on November 1 and paid $2,000 of tax due. For what period of time...
-
For the last five years, Mrs. Rosetta Stone has been working as a technical writer and translator for Brandan Books Incorporated, (BB Inc.), a Canadian controlled private company located in Kamloops,...
-
The following data have been extracted from the financial statements of Prentiss, Inc., a calendar-year merchandising corporation: Total sales for 2018 were $1,200,000 and for 2017 were $1,100,000....
-
Suppose that strawberries sell for $3 per basket. Jim is considering whether to buy zero, one, two, three, or four baskets. On your own, create a plausible set of total and marginal utility numbers...
-
JL Lumber has a debt-equity ratio of .47. The firm's required return on assets is 11.8 percent and its current cost of equity is 14.23 percent. What is the firm's pretax cost of debt? Ignore taxes.
-
Football, Brain Size, and Cognitive Scores Exercise 2.143 on page 102 introduces a study that examines the association between playing football, brain size as measured by left hippocampal volume (in...
-
Suppose the S&P 500 index is 1100 and that it is possible to lend at 4 % and borrow at 7 %. The index pays continuously compounded dividend yield of 2%. a) Suppose you observe a 6-month price of...
-
(Corporate income tax) The William B. Waugh Corporation is a regional Toyota dealer. The firm sells new and used trucks and is actively involved in the parts business. During the most recent year the...
-
Write a paper on Applied Statistics in Psychology and describe the following question 1. A description of why knowledge of statistics is important in careers in psychology as well as in everyday...
-
Jack and Jill filed a joint return in 2018 showing Jills wages of $50,000 and Jacks self-employment income of $30,000. Jack and Jill divorced in 2019. In 2020, the IRS audited their return and found...
-
Jim received a six-month extension (to October 15, 2021) to file his 2020 tax return. Jim actually filed the return on October 20, 2021, paying the $20,000 amount due at that time. He has no...
-
Set up a spreadsheet similar to Figure 12-11 to solve Problem 3. FIGURE 12-11 A construction company is bidding on a contract to build homes for a developer. The project consists of two types of...
-
discuss the difference between productivity on the extensive margin and instensive margin
-
Provide supporting points and reference to describe the topic in terms of managing the international environment. Examine the foreign labor environment including "guest workers" and international...
-
Discuss incorporating one of the elements into your healthcare organization( from 7Elements for an Effective Healthcare Compliance Program .) How can you get your staff to buy in to the process?
-
Discuss one of the issues that concerns you about healthcare in America. OUtline the issue as well as provide examples of what concerns you about the issue.
-
summarizing a HEALTHCARE LAW or REGULATION : a. Which regulation did you choose? why you chose it ? b. How does this law or regulation affect healthcare organizations? c. How does this law or...
-
Metro Services Company had the following transactions during the month of September: Sept. 2. Issued Invoice No. 201 to Triple Play Corp. for services rendered on account, $380. 3. Issued Invoice No....
-
Solve each equation or inequality. |6x8-4 = 0
-
John and Marsha are married and filed a joint return for the past year. During that year, Marsha was employed as an assistant cashier at a local bank and, as such, was able to embezzle $ 75,000, none...
-
In the current year, Dave receives stock worth $ 125,000 from his employer. The stock is restricted and cannot be sold by Dave for seven years. Dave estimates the stock will be worth $ 300,000 after...
-
On December 1, 2014, Ericka receives $ 18,000 for three months rent (December 2014, January 2015, and February 2015) for an office building. List as many tax research issues as you can to determine...
-
Provide a project heading ( either at the beginning of page 1 or as a separate title page ) with the following: Project Management Plan Proposal Include two sections, as follows: Section 1 : Business...
-
Gatorade (a Pepsico product) is sold in each territory through competing independent wholesalers who then resell it to retailers. In contrast, All Sport (also a Pepsico product) is sold through a...
-
Your team writes up a list of reasons why Skype will help employees to not only become more efficient because they are being monitored, but also that using Skype to communicate with other employees...
Study smarter with the SolutionInn App