In 2012, Paul, who is single, has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2012 income tax return until December 2, 2013 (due date was April 15, 2013) and no extensions of time to file the return were filed.

Below are amounts from his 2012 return:

Taxable income ................................................ $140,000

Total tax liability on taxable income ........................32,661

Total federal tax withheld from his salary ..................27,198

Paul sent a check with his return to the IRS for the balance due of $5,463. He is relieved that he has completed his filing requirement for 2012 and has met his financial obligation to the government for 2012.

Has Paul met all of his financial obligations to the IRS for 2012? If not, what additional amounts will Paul be liable to pay to the IRS?