Which of the Following Statements Regarding Late Filing Penalties Is

question 133

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 non-fraudulent 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.

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Definitions:

Malpractice

Professional misconduct or failure by a healthcare provider to meet the standard of care, leading to harm to a patient or client.

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The legal rules and moral principles that govern the professional conduct of individuals within a particular field.

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The act of seeking expertise or advice on legal matters from a qualified lawyer or law firm.

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The set of moral principles and standards that guide behavior in personal and professional contexts.