Julie filed a valid extension for her 2020 tax return, giving her until October 15, 2021, to
Question:
Julie filed a valid extension for her 2020 tax return, giving her until October 15, 2021, to file her return. She filed her return on November 1 and paid $2,000 of tax due. For what period of time will Julie be subject to interest? For what period of time will Julie be subject to the failure-to-file and failure-to-pay penalties?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Interest will be charged from April 15 2021 until Novembe...View the full answer
Answered By
Amar Kumar Behera
I am an expert in science and technology. I provide dedicated guidance and help in understanding key concepts in various fields such as mechanical engineering, industrial engineering, electronics, computer science, physics and maths. I will help you clarify your doubts and explain ideas and concepts that are otherwise difficult to follow. I also provide proof reading services. I hold a number of degrees in engineering from top 10 universities of the US and Europe.
My experience spans 20 years in academia and industry. I have worked for top blue chip companies.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Julie filed a valid extension for her 2014 tax return, giving her until October 15, 2015 to file her return. She filed her return on November 1 and paid $ 2,000 of tax due. For what period of time...
-
Julie filed a valid extension for her 2017 tax return, giving her until October 15, 2018, to file her return. She filed her return on November 1 and paid $2,000 of tax due. For what period of time...
-
For the last five years, Mrs. Rosetta Stone has been working as a technical writer and translator for Brandan Books Incorporated, (BB Inc.), a Canadian controlled private company located in Kamloops,...
-
The following data have been extracted from the financial statements of Prentiss, Inc., a calendar-year merchandising corporation: Total sales for 2018 were $1,200,000 and for 2017 were $1,100,000....
-
Suppose that strawberries sell for $3 per basket. Jim is considering whether to buy zero, one, two, three, or four baskets. On your own, create a plausible set of total and marginal utility numbers...
-
Alder, Svingos, and Shaw owned an equal number of shares in a corporation that was organized to run a restaurant. They entered into a shareholders agreement that provided, among other things, that...
-
Wilderness Windfarms is a government organisation which directly controls another entity Steam Energy Ltd. Through this investment it indirectly controls Blades Construction Ltd and Zepher Farms...
-
The FASB issued SFAS No. 115 to describe the accounting treatment that should be afforded to equity securities that have readily determinable market values that are not accounted for under the equity...
-
a) Having graduated with a bachelor of commerce finance option, you have been requested to discuss with other employees in finance department on three ways that are used to describe real estate....
-
Review the transactions listed in E3-1 for Thyme Advertising Company. Classify each transaction as either an operating activity, investing activity, or financing activity, or if no cash is exchanged,...
-
Jack and Jill filed a joint return in 2018 showing Jills wages of $50,000 and Jacks self-employment income of $30,000. Jack and Jill divorced in 2019. In 2020, the IRS audited their return and found...
-
Jim received a six-month extension (to October 15, 2021) to file his 2020 tax return. Jim actually filed the return on October 20, 2021, paying the $20,000 amount due at that time. He has no...
-
In their picture of the mean-variance investment parabola, Kolari, Liu, and Huang (KLH) (2021) argued that commonly used general stock market indexes (e.g., the value-weighted CRSP index or S &P 500...
-
Using the Internet, find an example of product line pricing for the pricing of a sponsorship package (i.e., sponsorship levels at different prices).
-
Find an example of a sports product that is being sold via the Internet for a lower price than offered via other outlets. How much cheaper is the sports product? What does the consumer have to give...
-
Find examples of three nonsports organizations that advertise on ESPNs Web site (www.espn.com). How might these companies evaluate the effectiveness of their Web- based advertising?
-
Go to the Internet and find census data to support what sports fans in 2020 might look like from a demographic perspective.
-
Search the Internet for articles or sites that discuss the pros and cons of the banning of tobacco advertisements at sporting events.
-
Tingey Industries sells merchandise on a consignment basis to dealers. The selling price of the merchandise averages 25% above cost of merchandise. The dealer is paid a 10% commission on the sales...
-
Solve each equation or inequality. |6x8-4 = 0
-
John and Marsha are married and filed a joint return for the past year. During that year, Marsha was employed as an assistant cashier at a local bank and, as such, was able to embezzle $ 75,000, none...
-
In the current year, Dave receives stock worth $ 125,000 from his employer. The stock is restricted and cannot be sold by Dave for seven years. Dave estimates the stock will be worth $ 300,000 after...
-
On December 1, 2014, Ericka receives $ 18,000 for three months rent (December 2014, January 2015, and February 2015) for an office building. List as many tax research issues as you can to determine...
-
1. Suppose you buy the minimum risk portfolio on margin (MR=0.4) and a risk free rate = 4%. What is your expected return? SHOW ALL WORK PLEASE
-
40 g Dried Porcini Mushrooms 108 g Olive Oil 100 g Butter, Unsalted 1680 g Onions, Diced 30 g Garlic Cloves, Crushed 1200 g Arborio Rice 3696 g Vegetable Stock 400 g Parmesan 600 g Mozzarella (Fresh)...
-
Describe the following types of budgets and how they differ from each other: Operating budgets,capital budgets,and financing budgets. From your research and professional interests, which one (yes,...
Study smarter with the SolutionInn App