Question: Maureen, a calendar year taxpayer, files her 2011 return on November 4, 2013. She did not obtain an extension for filing her return, and the
Maureen, a calendar year taxpayer, files her 2011 return on November 4, 2013. She did not obtain an extension for filing her return, and the return reflects additional income tax due of $15,000.
a. What are Maureen's penalties for failure to file and to pay?
b. Would your answer change if Maureen, before the due date of the return, had retained a CPA to prepare the return and the CPA's negligence caused the delay? Explain.
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a Failure to pay penalty 12 of 1 15000 19 months 1425 Plus Fa... View full answer
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