If Tina Taxpreparer forgets to file a return, required under section 6034, for her clients trust (not a split-interest trust and the trusts gross income is $100,000) for 60 days and then remembers and files the return. According to section 6652(c), if 60 days of penalties were accruing, how much money is the IRS owed in penalties?

Answer rating: 100% (QA)

Answer penalty means one kind of punishment to tax payers for breaking rules or not following rules ... View the full answer