Which of the Following Statements Regarding Late Filing Penalties Is

question 167

Multiple Choice

Which of the following statements regarding late filing penalties is true?

• A)If a taxpayer fails to file a tax return, the late filing penalty will continue to grow until the taxpayer files the tax return.
• B)The amount of the late filing penalty is the same for both fraudulent failure to file and nonfraudulent failure to file.
• C)Taxpayers who owe no tax as of the due date of their tax returns are not subject to late filing penalties even if they file late.
• D)None of the choices are correct.