Marilyn filed her tax return on October 15, having filed an extension on April 15....

90.2K

Verified Solution

Question

Accounting

Marilyn filed her tax return on October 15, having filed an extension on April 15. At
that time, she owed $1,900 on a total tax liability of $10,000 and she submitted a
check for $1,900 with her tax return. Which of the following penalties, if any, will
apply to Marilyn?
Both failure to file and failure to pay.
Failure to file only.
Failure to pay only.
None of the penalties apply to this return.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students