Simon and Maggie Partnership, a calendar year partnership, with two partners, filed its Year 1...

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Accounting

Simon and Maggie Partnership, a calendar year partnership, with two partners, filed its Year 1 Form 1065 tax return on December 31, Year 2. An extension of time to file was not filed. What is the amount of the Failure to File penalty?

Select one:

A.

$2,100

B.

$4,200

C.

$210

D.

$420

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