Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

Exercise 31

Joan filed her unextended 2014 tax return on November 15, 2015, paying the $5,000 amount due at that time. Joan has no reasonable cause for failing to file the return by October 15 or for failing to pay the tax that was due on April 15, 2015. Compute the failure-to-pay and failure-to-file penalties.