An individual files his 20X1 return one day late on April 16,20X2, enclosing payment for...
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Accounting
An individual files his 20X1 return one day late on April 16,20X2, enclosing payment for the full amount of tax due on the return. The IRS subsequently imposes a failure -to-file penalty on a notice and demand dated July 10,20X2, which the taxpayer pays on July 19. When, if at all, does interest begin to accrue on the penalty?
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