William just did not like figuring out his taxes each year and he usually had so little income that he didn't owe taxes. He never filed an extension even though he seldom got around to filing before October or November. He finally filed his 2016 return in September of 2017 when he remembered he had sold some stock in early 2016 for a small profit. Unfortunately, he owed $125 in taxes because of the sale. What is William's failure to file penalty?

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The Answer of William just did not like figuring out his taxes each year and he usually had so little income that he didn't owe taxes. He never filed an extension even though he seldom got around to filing before October or November. He finally filed his 2016 return in September of 2017 when he remembered he had sold some stock in early 2016 for a small profit. Unfortunately, he owed $125 in taxes because of the sale. What is William's failure to file penalty?

William Just Did Not Like Figuring Out His Taxes Each