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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.

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