An extension to file does not extend the time to pay tax. For example, if the tax
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Question:
An extension to file does not extend the time to pay tax. For example, if the tax return is due on April 15 and the taxpayer files an automatic six-month extension until October 15, he or she still must pay at least what percentage of the tax shown on the return when filed or he or she will incur a failure to pay penalty?
A. 25%
B. 50%
C. 75%
D. 90%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: