C. If a taxpayer has not paid the full tax liability by the original due date of the return and the taxpayer has. not filed a tax return by the due date of the return, the maximum late filing and late payment penalty will. be no greater than the late filing penalty by itself.
Allen Green is a single taxpayer with an AGI (and modified AGI) of $210,000, which includes $170,000. of salary, $25,000 of interest income, $10,000 of dividends, and $5,000 of long-term capital gains. What.