Frederick failed to file his 2017 tax return on a timely basis.In fact,he filed his 2017 income tax return on October 31,2018, (the due date was April 17,2018)and paid the amount due at that time.He failed to make timely extensions.Below are amounts from his 2017 return:
Frederick sent a check for $1,582 in payment of his liability.He thinks that he has met all of his financial obligations to the government for 2017.For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

Question

Frederick failed to file his 2017 tax return on a timely basis.In fact,he filed his 2017 income tax return on October 31,2018, (the due date was April 17,2018)and paid the amount due at that time.He failed to make timely extensions.Below are amounts from his 2017 return:
  Frederick sent a check for $1,582 in payment of his liability.He thinks that he has met all of his financial obligations to the government for 2017.For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

Quizplus · Accepted Answer

The Answer of Frederick failed to file his 2017 tax return on a timely basis.In fact,he filed his 2017 income tax return on October 31,2018, (the due date was April 17,2018)and paid the amount due at that time.He failed to make timely extensions.Below are amounts from his 2017 return:
  Frederick sent a check for $1,582 in payment of his liability.He thinks that he has met all of his financial obligations to the government for 2017.For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?

Frederick Failed to File His 2017 Tax Return on a Timely