Frederick failed to file his 2015 tax return on a timely basis. In fact, he filed his 2015 income tax return on October 31, 2016, (the due date was April 15, 2015) and paid the amount due at that time. He failed to make timely extensions. Below are amounts from his 2015 return: Frederick sent a check for $1,671 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2015. For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

Question

Frederick failed to file his 2015 tax return on a timely basis. In fact, he filed his 2015 income tax return on October 31, 2016, (the due date was April 15, 2015) and paid the amount due at that time. He failed to make timely extensions. Below are amounts from his 2015 return:  Frederick sent a check for $1,671 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2015. For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

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The Answer of Frederick failed to file his 2015 tax return on a timely basis. In fact, he filed his 2015 income tax return on October 31, 2016, (the due date was April 15, 2015) and paid the amount due at that time. He failed to make timely extensions. Below are amounts from his 2015 return:  Frederick sent a check for $1,671 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2015. For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

Frederick Failed to File His 2015 Tax Return on a Timely