Answered: Anthony filed his 2023 tax return on…

Anthony filed his 2023 tax return on May 29, 2024 and never properly extended his tax return. Anthony owed $7,100 which was paid on April 15, 2024. How much is his failure to file penalty?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Anthony filed his 2023 tax return on May 29, 2024 and never properly extended his tax return. Anthony owed $7,100 which was paid on April 15, 2024. How much is his failure to file penalty?

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