.(TCO 8) Which of the following statements is false? (Points :2)A taxpayer can be charged a penalty for the late paymentof taxes if an extension to Fle was granted
Please help! i have 20 mins to complete the following attachment..
Question 1.1.(TCO 8) Which of the following statements is false? (Points :2)A taxpayer can be charged a penalty for the late paymentof taxes if an extension to Fle was granted.The interest charged on the late payment of taxes isdeductible on the federal tax return.The penalty for late Fling and late payment of taxes is 5%of the balance of tax due with the return for each month it isdelinquent.A taxpayer who can establish a reasonable cause for thelate Fling of his or her tax return will not be charged a late Flingpenalty.Question 2.2.(TCO 8) Peter did not extend or Fle his 2013 federal tax return until December 3, 2014.liability was $5,000; the return showed a net refund due of $750. He Fled late because heVegas with his old fraternity buddies. What amount of late-Fling penalty will he owe for theyear? (Points : 2)$2,500$150$0$75Question 3.3.(TCO 8) Mr. and Mrs. ±ields Fled a complete and accurate return for 2014 on April 14, 20the statute of limitations expire for their 2013 return? (Points : 2)April 15, 2019April 15, 2018August 15, 2016October 14, 2015Question 4.4.(TCO 8) Which of the following is generally considered an indication that Benjamin has cfraud? (Points : 2)Benjamin made major addition errors.Benjamin’s business records and documents were destroyed in a ²ood.Benjamin does not have any receipts for large deductions taken on his tax return.Benjamin employed a CPA to prepare his tax return.Question 5.5.(TCO 8) Which of the following statements concerning the innocent spouse rule is (are)2)The rule is used to relieve one spouse of an additional tax liability assessed upon a joi
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
