Compute the Failure to Pay and Failure to File Penalties

question 116

Essay

Compute the failure to pay and failure to file penalties for John, who filed his 2011 income tax return on December 14, 2012, paying the $10,000 amount due.On April 1, 2012, 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, 2012.John's failure to comply with the tax laws was not fraudulent.

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Definitions:

Parenteral Nutrition

A method of feeding that bypasses the gastrointestinal tract, delivering nutrients directly into the bloodstream through an intravenous solution.

Parenteral Nutrition

A method of feeding that bypasses the gastrointestinal tract, delivering nutrients directly into the bloodstream through an intravenous line.

Shaking and Dizziness

Symptoms that often occur together, indicating a variety of conditions such as low blood sugar, dehydration, or neurological disorders.

Parenteral Nutrition

Nutritional support given intravenously, bypassing the gastrointestinal tract, used for patients unable to eat or absorb nutrients normally.