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William Just Did Not Like Figuring Out His Taxes Each

question 86

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William just did not like figuring out his taxes each year and he usually had so little income that he didn't owe taxes. He never filed an extension even though he seldom got around to filing before October or November. He finally filed his 2016 return in September of 2017 when he remembered he had sold some stock in early 2016 for a small profit. Unfortunately, he owed $125 in taxes because of the sale. What is William's failure to file penalty?


Definitions:

Sympathy

Feelings of pity or sorrow for someone else's misfortune.

Temperament

Refers to the innate aspects of an individual's personality, such as their tendency towards certain moods or behaviors.

Irritability

A state of being easily annoyed or angered, often a symptom of stress, fatigue, or underlying health issues.

Irregular Rhythms

Abnormal patterns in the sequence of heartbeats, often relating to health issues.

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