Paul files a return on April 15^thwith $100,000 tax due but does not include a check with his return. On June 15^thPaul makes the payment of $100,000. Does Paul have any penalties due? If so, how much?

How would your answer differ if Paul had not filed the return until June 15^th?

Answer rating: 100% (QA)

In this scenario we will assess whether Paul would incur penalties for not including a payment with his tax return filed on April 15th and then making ... View the full answer