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What is linda total penalty for failure to file

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Reference no: EM132702750

Problem -

a. Linda filed her tax return 2 months late. The tax paid with the return amounts to $3,000. What is Linda's total penalty for failure to file and failure to pay, assuming the failure to file is not fraudulent?

b. Kim underpaid her taxes by $10,000 due to negligence. What is Kim's penalty for negligence?

c. Using the same information as in Part b, what is the amount of the penalty if the underpayment were determined to be due to civil fraud?

Reference no: EM132702750

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