Olivia's accountant prepares her tax return and the tax due is $100,000. The tax return must be

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Olivia's accountant prepares her tax return and the tax due is $100,000. The tax return must be filed by April 15th but Olivia is on vacation and does not file the return and pay the tax due until July 15th.

Required: Does Olivia have any penalties due? If so, how much?

Related Book For answer-question

Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Posted Date: Feb 15, 2022 07:39 PM

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Olivia's accountant prepares her tax return and the tax due is $100,000. The tax return must be

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Answer Due to the second wave of the coronavirus the government has extended several income tax rela... View the full answer

Federal Taxation 2016 Comprehensive

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