Yes, Benita can file an automatic six month extension to file her tax return

Q: How is penalty pay worked up for problems like these?     Lorna Hall’s real estate tax of…

A: a. Calculate the penalty that Lorna must pay. The taxes have to be paid on December 14, 2019 but the…

Q: Hillary gets divorced in 2020 and is required to pay her ex-spouse $200 per month until her son…

A: Alimony refers to the amount that is received periodically by a single person from the ex-husband's…

Q: Charlie claims he will have less income and more expenses, thereby paying less tax!. Is Charlie's…

A:

Q: Lorna Hall’s real estate tax of $2,010.88 was due on December 14, 2019. Lorna lost her job and could…

A: Real estate tax = $2,010.88 Due date = December 14 2019 Last date = February 27, 2020 Penalty…

Q: In 2020, Paul, who is single, has a comfortable salary from his job as well as income from his…

A: The amount which a taxpayer has to pay in excess of regular tax amount due towards IRS because of…

Q: Jennie received a 6-month extension (to October 15, 2021) to file her 2020 tax return. Jennie…

A: The failure-to-pay penalty is a penalty imposed by tax authorities when a taxpayer fails to pay the…

Q: Laura and Hung were granted a divorce in 2016. In accordance with the decree, Hung made the…

A: Alimony taxation: According to the Tax cuts and jobs act of 2019, Alimony or separate payments…

Q: Suppose Ryan receives a CRA instalment reminder for the first quarter of the current year in the…

A: Canada Revenue Agency (CRA) installment payments are a method of paying taxes on income that is not…

Q: Joan Bass, an individual whose only income resulted from pensions, did not pay her net tax owing for…

A: Late filing typically refers to the act of submitting the required documents or forms after the…

Q: Bertha is considering taking an early retirement offered by her employer. She would receive $3,000…

A: Income tax is the tax which will be levied on the income that has been earned by the individual and…

Q: Hank, who wants to claim the Earned Income Credit, informs his tax preparer that he is still married…

A: Filing status is a classification used by the Internal Revenue Service (IRS) to determine how an…

Q: Sid and Nancy’s divorce decree requires Nancy to pay Sid $2,000 per month in child support and…

A: The objective of the question is to determine the amount of money that Sid needs to report as…

Q: Stephanie began her consulting business this year, and on April 1 Stephanie received a $9,000…

A: Amount received for three year contract is:::9000$.. Amount of months=36 months ie 3 years...…

Q: In the current year, Sandra rented her vacation home for 75 days, used it for personal use for 22…

A: As per the Tax Court Method following rules shall apply. In case of Real Estate Tax and Mortgage…

Q: Toby and Nancy are engaged and plan to get married. During 2023, Toby is a full-time student and…

A: Introduction:Filing status seems to be a classification that specifies the sort of tax return form…

Q: catherine is a sole proprietor with a farming net operating loss in 2020. she files an extension to…

A: Form 1045 is to file Application for Tentative Refund and is distributed by IRS i.e. Internal…

Q: Elvira

A: An employer's contributions made through a SEP plan are held in a regular IRA known as a SEP-IRA.…

Q: Maud, a calendar year taxpayer, is the owner of a sole proprietorship that uses the cash method. On…

A: Maud can deduct the full $120,000. the answer is $120,000.   Explanation: Therefore, Maud is…

Q: Carmelina is 68 years old and has lived in Canada for 42 years. She qualifies for full Old Age…

A: If an individual is 65 or older, they are eligible for the Old Age Security (OAS) pension, which is…

Q: In 2023, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full- time…

A: Earned Income Tax is the United States tax credit and it was introduced to keep families out of…

Q: In 2020, Henry and Eva paid $2,500 of qualified domestic adoption expenses. The adoption did not…

A: A taxpayer who has adopted a child and has self-paid certain expenses for adoption gets qualified…

Q: Freda is a cash basis taxpayer. In 2023, she negotiated her salary for 2024. Her employer offered to…

A: Income tax is based on income. Suppose a person has salary income, capital gain income, house rent…

Q: Rita files her income tax return 35 days after the due date of the return without obtaining an…

A: Solution:- Calculation of the balance of the tax she owes as follows under:- Basic information:-…

Q: In 2022, Elaine paid $2,720 of tuition and $540 for books for her dependent son to attend State…

A: American Opportunity Tax Credit can be claimed against the qualified education expenses of a…

Q: Matthew's divorce decree calls for him to pay his former spouse, Makenzi, $200 a month as child…

A: The objective of the question is to calculate the amount Matthew can deduct as alimony paid in the…

Q: d

A: The objective of this question is to calculate Alice's self-employment tax liability and additional…

Q: 0, he receives $10,000 in Social Security benefits. In addition, he receives $6,000 in cash…

A: Information Given -:_ Social Security Benefits       = $10000. Cash Dividends on Stocks       =…

Q: Answer the following questions:   If your answer is zero, enter "0".   a.  Under a 2017 divorce…

A: Tax is the mandatory contribution of an individual or an entity. It is a financial charge, that…

Q: Review the following scenario. Use the information provided to answer questions about the taxpayer’s…

A: GIVEN   Evonne Williams (32) is filing as a single taxpayer. Evonne was the beneficiary of one of…

Q: Shelley is a self-employed CPA.  In 2020, she had gross revenue of $255,000 and expenses of $40,000…

A: Self employed individuals are required to pay both the employee and employer portion of social…

Q: Miley, a single taxpayer, plans on reporting $36,425 of taxable income this year (all of her income…

A: Tax liability refers to the obligation of a taxpayer towards the government. This obligation…

Q: Rita files her income tax return 120 days after the due date of the return without obtaining an…

A: When Rita files her income tax return 120 days after the due date without obtaining an extension…

Q: Determine the amount of the late filing and late payment penalties that apply for the following…

A: There are consequences on either the late filing of returns or late payment as there is a deadline…

Q: Elvira is a self-employed taxpayer who turns 42 years old at the end of the year (2021). In 2021,…

A: Tax liability is the amount of money in the form of tax debt you owe to tax authorities. It is the…

Q: Ruby entered a combat zone March 3, 2022, before she had an opportunity to file her 2021 income tax…

A: A taxpayer automatically gets an extension to file their federal income tax return if they are in a…

Q: Lauren Buffet is concerned after receiving her weekly paycheck. She believes that her deductions for…

A: An employee gets the paycheck weekly, semiweekly, monthly, etc. He is liable to pay the tax on his…

Q: Ruth has asked for help in determining whether she should receive her $32,500 bonus check in the…

A: In this problem, we are asked to determine the net revenue from bonus if she receives bonus in the…

Q: Wendy (single) paid after-tax premiums for a long-term disability plan through her employer. After…

A: The objective of the question is to calculate Wendy's taxable income for the year 2023. Wendy's only…