Mr. Fiocchi filed his unextended 2011 Form 1040 on July 22, 2012, and had no reasonable cause for the delinquency. The return showed a $1,906 overpayment of tax (refund due) . Compute Mr. Fiocchi's late-filing and late-payment penalty.
A) -0-
B) $191
C) $286
D) $381
Correct Answer:
Verified
Q2: If the IRS requests information during the
Q8: Employees who deliberately have excess income tax
Q17: Only attorneys and CPAs may prepare tax
Q18: The statute of limitations for a tax
Q23: A person can't be relieved of liability
Q33: Which of the following statements about taxpayer
Q35: Only one spouse must sign a jointly
Q38: Taxpayers who win their case in court
Q39: If a taxpayer fails to pay a
Q39: Only the government may appeal a tax
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