Compute the Failure to Pay and Failure to File Penalties

question 33

Essay

Compute the failure to pay and failure to file penalties for John,who filed his 2014 income tax return on December 14,2015,paying the $10,000 amount due.On April 1,2015,John submitted a six-month extension of time in which to file his return;he paid no tax with the extension request.He has no reasonable cause for failing to file his return by October 15,or for failing to pay the tax that was due on April 15,2015.John's failure to comply with the tax laws was not fraudulent.

---

Definitions:

Industrialized Countries

Nations that have undergone substantial industrial development, characterized by significant manufacturing, advanced technological infrastructure, and higher standards of living.

Self-awareness

The ability to introspect and recognize one's own emotional state, thought processes, and sense of identity.

Genetic Research

Genetic research is the scientific study of the structure, function, and behavior of genes, aiming to understand genetic diseases, inheritance patterns, and the evolution of species.

Aymara Indians

The Aymara Indians are an indigenous people who live in the Andes mountains region, mainly in present-day Bolivia, Peru, and Chile, known for their rich cultural heritage and traditional ways of life.