ACC-317-Homework-Ch-26

Apr 30th, 2015
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11.Ian would not be required to pay any interest on his underpayment that he was negotiating a settlement on with the IRS. As for his tax payable amount, failure to pay the tax due as shown on a return a penalty of .5% per month (up to a maximum of 25%) is imposed on the amount of the tax. The penalty doubles if the taxpayer fails to pay the tax after receiving a deficiency notice.

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Leah PasternakFederal Taxation ACC317Chapter 26: Tax Practice and EthicsHomework Submission11. Ian would not be required to pay any interest on his underpayment that he was negotiating a settlement on with the IRS. As for his tax payable amount, failure to pay the tax due as shown on a return a penalty of .5% per month (up to a maximum of 25%) is imposed on the amount of the tax. The penalty doubles if the taxpayer fails to pay the tax after receiving a deficiency notice. 24. a. 3% b. 3% c. 3% d. 2%28. a. Olivia is liable for her failure to file penalty as

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