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atluriram
atluriram, Professor
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Experience:  MASTER OF COMMERCE, BACHELOR OF LAWS, COMPANY SECRETARY QUALIFICATIONS
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Prentice Halls Federal Taxation 2011: Corporations, Partnerships,

Resolved Question:

Prentice Hall's Federal Taxation 2011: Corporations, Partnerships, Estates & Trusts, by Kenneth E. XXXXX, XXXXX R. Pope, and John L. Kramer.
Chapter 15

2)If a taxpayer does not have sufficient funds to pay his or her tax liability by the due date, should the taxpayer wait until the funds are available before filing the tax return? Why or why not?
Submitted: 5 years ago.
Category: Homework
Expert:  atluriram replied 5 years ago.

atluriram :

Sir/madam

atluriram :

I hereby submit the answer

atluriram :

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atluriram :

It is the responsibility of the taxpayer to pay the tax dues in time. Therefore the taxpayer should keep ready such funds to pay the tax. In this context, tax payer should not wait further funds to pay the taxes.

atluriram :

In case the funds are not available, the tax payer supposed to pay with interest. Therefore it is better to pay the taxes before filing the tax return

atluriram :

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atluriram :

with regards

atluriram :

atluri ramesh

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