joseline waited until December 12, 2019, to file her 2018 form 1040 return. she did not...
joseline waited until December 12, 2019, to file her 2018 form 1040 return. she did not request an extension. Her balance due for 2018 is $461. what is her failure to file penalty?
Homework Answers
joseline without filling extension is liable to file return on 15 april 2019 for the tax period ending on 31st december 2018. but filed on 12-12-2019.
therefore calculating penalty
5% of unpaid tax required to pay for the month liable to file till filling of return , charged each month or part of the month .
$461*5%*9 =208 approximately equal to $210
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