@Anonymous wrote:
(1) shall not be less than the lesser of $205 or 100 percent of the amount required to be shown as tax on such return
Yes, according to Section 6651 it is the lesser of $205 and 100% of the amount required to be shown as tax on the return. So, in this case, the lesser of $205 or 100% of $0 would be $0 - or am I missing something?
