Explain One of the Two Exceptions to Imposing Interest from the Original

question 59

Essay

Explain one of the two exceptions to imposing interest from the original due date of the tax return until the date the tax deficiency is paid.

---

Definitions:

Special Endorsement

A form of endorsement on a negotiable instrument, such as a check, whereby the endorser specifies the party to whom the instrument is to be payable.

Named Endorsee

An individual or entity specifically named in a negotiable instrument, such as a check, as the party to whom the instrument is endorsed or assigned.

Endorser's Signature

The signature of the person who endorses a document, often found on checks or financial instruments, indicating their approval or transfer of rights.

Blank Endorsement

A payee’s or last endorsee’s signature on a negotiable instrument.