Baez, a cash basis, calendar year taxpayer, filed his Federal income tax return 48 days after the

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Baez, a cash basis, calendar year taxpayer, filed his Federal income tax return 48 days after the due date. Baez never extended his return, and he paid the taxes that were due when he filed the return. What penalty will Baez incur, and how much will he have to pay if his additional tax is $10,000? Disregard any interest he must pay.

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357519240

45th Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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