Frederick failed to file his 2018 tax return on a timely basis. In fact, he filed his 2018 income tax return on Octobe 2019, (the due date was April 17, 2019) and paid the amount due at that time. He failed to make timely extension are amounts from his 2018 return: Frederick sent a check for $1,090 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2018. For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

Question

Frederick failed to file his 2018 tax return on a timely basis. In fact, he filed his 2018 income tax return on Octobe 2019, (the due date was April 17, 2019) and paid the amount due at that time. He failed to make timely extension are amounts from his 2018 return:  Frederick sent a check for $1,090 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2018. 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 2018 tax return on a timely basis. In fact, he filed his 2018 income tax return on Octobe 2019, (the due date was April 17, 2019) and paid the amount due at that time. He failed to make timely extension are amounts from his 2018 return:  Frederick sent a check for $1,090 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2018. For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

Frederick Failed to File His 2018 Tax Return on a Timely