Victorias 2018 tax return was due on April 15, 2019, but she did not file it until
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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)?
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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