Joan filed her unextended 2017 tax return on November 15, 2018, paying the $5,000 amount due at
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Joan filed her unextended 2017 tax return on November 15, 2018, paying the $5,000 amount due at that time. Joan has no reasonable cause for failing to file the return by October 15 or for failing to pay the tax that was due on April 15, 2018. Compute the failure-to-pay and failure-to-file penalties.
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The failure to pay penalty is equal to 25 per month 5000 005 for 8 ...View the full answer
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