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Rhoda,a Calendar Year Individual Taxpayer,files Her 2006 Return on March

Question 127

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Rhoda,a calendar year individual taxpayer,files her 2006 return on March 3,2008.She had obtained a six-month extension for filing her return.There was additional income tax of $20,000 due with the return.
a.What are Rhoda's penalties for failure to file and to pay?
a. change if Rhoda, before the due date of the return, had retained a CPA to prepare the return and it was the CPA's negligence that caused the delay?
b.Would your answer to

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a.The penalties cannot overlap.They appl...

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