Victorias 2018 tax return was due on April 15, 2019, but she did not file it until

Question:

Victoria’s 2018 tax return was due on April 15, 2019, but she did not file it until June 12, 2019. Victoria did not file an extension. The tax due on the tax return when filed was $8,500. In 2018, Victoria paid in $12,000 through withholding. Her 2017 tax liability was $11,500. Victoria’s AGI for 2018 is less than $150,000. How much penalty will Victoria have to pay (disregard interest)?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Fundamentals Of Taxation 2019

ISBN: 9781260158670

12th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

Question Posted: