Question: On July 2, Mrs. N received a notice assessing a $10,861 tax deficiency plus $1,900 interest (computed through the date the IRS mailed the notice).

On July 2, Mrs. N received a notice assessing a $10,861 tax deficiency plus $1,900 interest (computed through the date the IRS mailed the notice). She was short of funds, so she did not pay her tax bill within 10 days as required by the notice. Instead, she waited until September 29 to mail a check for $12,761 to the IRS.

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