The minimum penalty for failure to file a tax return is the lesser of $135 or 100 percent of the net tax due if the return is more than 60 days late.
Correct Answer:
Verified
Q4: Generally, an audit must be performed within
Q5: A refund claim must be filed within
Q6: If a taxpayer recognizes that she is
Q7: Taxpayer T, a taxicab operator, filed his
Q8: The failure-to-file penalty is reduced by the
Q10: A tax return preparer who understates the
Q11: Exceeding a "normal" range for itemized deductions
Q12: A taxpayer that has received an extension
Q13: A taxpayer can only be represented by
Q14: The filing of an amended return within
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents