Essay
William just did not like figuring out his taxes each year and he usually had so little income that he didn't owe taxes. He never filed an extension even though he seldom got around to filing before October or November. He finally filed his 2017 return in September of 2018 when he remembered he had sold some stock in early 2017 for a small profit. Unfortunately, he owed $125 in taxes because of the sale. What is William's failure to file penalty?
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