Mr. and Mrs. Wickham did not apply for an extension of time to file their 2017 Form
Question:
Mr. and Mrs. Wickham did not apply for an extension of time to file their 2017 Form 1040. Because they were vacationing outside the United States, they neglected to file their Form 1040 until July 14, 2018. Compute the Wickhams' late filing and late payment penalty if:
a. Their Form 1040 showed a $1,160 refund due.
b. Their Form 1040 showed a $7,300 balance of tax due.
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a The Wickhams have no penalty for filing late because there is no balance of tax due ...View the full answer
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Related Book For 
Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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