What is the amount of rita penalties for failure to pay

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Question A. Under what circumstances would an offer in compromise be appropriate for a taxpayer?

Question B. Rita, a calendar year individual taxpayer, files her 2018 income tax return on October 5, 2020. An extension for filing her income tax return was not obtained. The tax return reflects additional income tax due of $20,000. What is the amount of Rita's penalties for failure to pay and for failure to file?

Reference no: EM132622631

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