Jack Montana, CPA is a sole proprietor operating a business out of Mount Olive N.C. He has been so busy with audits that are due that he filed an extension and paid an estimated payment. He then forgot to file his tax return by October extension deadline.

State three things for the given situation 

1. what rule is applied to the situation; 

2. whether it is a violation of the Code or not and if so 

3. explain the nature of the violation.

Answer rating: 100% (QA)

1The rule that is applied to the situation is the filing deadline The filing deadline is the date by which a tax return must be filed In this case Mr ... View the full answer