what penalty and in what amount? 

A tax return was due and filled on 4/15/2018. the tax due was $7,000. the tax payer paid $6,000 on 4/15/2018 and $1,000 on 6/5/2018. will the tax payer owe any penalty? 

consider only the failure to file and failure to pay penalties

Answer rating: 100% (QA)

In the United States taxpayers are subject to penalties for both failure to file and failure to pay ... View the full answer