If a Taxpayer Fails to File Their Taxes, What Is

question 8

Multiple Choice

If a taxpayer fails to file their taxes, what is the penalty?

• A) Fifteen percent per month unless the failure to file is fraudulent in which case the penalty is twenty percent per month.
• B) Five percent per month unless the failure to file is fraudulent in which case the penalty is fifteen percent per month.
• C) .05% per month unless it is proven to be fraudulent, in which case the penalty is .50% per month.
• D) $25 flat fee penalty per month.