Which of the Following Statements Regarding Late Filing Penalties Is

question 17

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 above.

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Definitions:

Common Law

A body of unwritten laws based on legal precedents established by the courts, influencing and governing the decision-making process in novel cases.

Legislative Provisions

Specific clauses or sections within a piece of legislation that detail particular rules, requirements, or conditions.

Strictly Liable

A legal principle where a party is held responsible for damages or loss without needing to prove negligence or fault.

Reasonable Force

Reasonable force refers to the minimum amount of force necessary to protect oneself, others, or property, without going beyond what is considered legally and morally acceptable.