Grant filed his 2023 tax return late and never properly extended his tax return. Grant owed $6,400

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Grant filed his 2023 tax return late and never properly extended his tax return. Grant owed $6,400 for his 2023 tax return.

a. How much is Grant’s failure to pay penalty if he filed his return and paid the balance due on May 29, 2024?

b. If he filed his return and paid the balance due on December 15, 2024, what is his failure to pay penalty?

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Fundamentals Of Taxation For Individuals A Practical Approach 2024

ISBN: 9781119744191

1st Edition

Authors: Gregory A Carnes, Suzanne Youngberg

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Question Posted: Apr 08, 2024 03:00 AM

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Grant filed his 2023 tax return late and never properly extended his tax return. Grant owed $6,400

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Fundamentals Of Taxation For Individuals A Practical Approach 2024

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