Question: If a taxpayer writes a $ 3 , 0 0 0 check to the IRS for payment of taxes and it does not clear his

If a taxpayer writes a $3,000 check to the IRS for payment of taxes and it does not clear his or her bank the penalty for the dishonored check is what amount?
A.$25
B.$30
C.$50
D.$60

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Please see attachment file which is include tax questions. Question 6 1 pts Enrique has a $10,000 tax deficiency on his prior year's tax return due to civil fraud. The amount of the penalty that...

Q:

.I SELECTED ! Schedule D:Net Long-Term Capital Gains or Losses only its a team work. I need in 3-4 just just scehdule D I. Title: Preparation of a Corporate Income Tax Return Using IRS Form 1120 II....

Q:

hello got to fill out schedule k for Jim corporation 2011 Instructions for Form 1120 Department of the Treasury Internal Revenue Service U.S. Corporation Income Tax Return Section references are to...

Q:

hello, please see attached I need help with. I only need the 2 tax memos since I already prepared the tax forms. I need an original paper with proper references APA format. Thanks ACC 700 Milestone...

Q:

hello, please see attached I need help with. I only need the 2 tax memos since I already prepared the tax forms. I need an original paper with proper references APA format. Thanks ACC 700 Milestone...

Q:

Part I you are asked to use the introductory sentence about the tax payer and complete paragraph items 14 and 16. You will also use item 18 for needed Social Security numbers. Do not do additional...

Q:

Prepare the couple's federal income tax return, Form 1040 for the year ended December 31, 2021, plus any additional schedules necessary. $1040 Department of the Treasury -Internal Revenue Service...

Q:

Income tax law Instructions: Please complete the 2020 federal income tax return for Johnny and Moira Rose. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If...

Q:

this is the file for the previous quesions so ill just add $15 to this one and you can claim the other one as well cause they are not letting me cancel it \fForm 1040 2014 (99) Department of the...

Q:

Salaam sir, You have helped me previously with a tax return problem, and now I have another problem set that builds upon the previous problem. I am wondering if you can take a look at the attached...

Q:

Paradise Cruises has a monopoly in renting luxury yachts for sailing in the Caribbean Sea. In winter its monthly inverse demand function is p = 200 q. In summer the inverse demand function is p =...

Q:

You are the operations manager for American Airlines and you are considering a higher fare level for passengers in aisle seats. You want to estimate the percentage of passengers who now prefer aisle...

Q:

GPS Corporation and True Incorporated had as part of their loan agreements a requirement that the debt to equity ratio could not exceed 2 . 0 without being in default of the loans. Is GPS technically...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....