« previous next »

Author Question: Faye has sold illegal drugs. The IRS requires that all income be reported whether obtained legally ... (Read 33 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Aug 3, 2018
Faye has sold illegal drugs. The IRS requires that all income be reported whether obtained legally or illegally. Assume that Faye reports her illegally gained income on her tax return. The Department of Justice may use that return as evidence and prosecute Faye for selling illegal drugs.
 
  a. True
  b. False

Question 2

Requiring that records be held by an individual or business subject to review by the agency is called reporting.
 
  a. True
  b. False


cici

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Aug 3, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

The first dark spot observed on Uranus. Image obtained by the HST ACS in 2006. The first dark spot observed on Uranus. Image obtained by the HST ACS in 2006.
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
The philosophical journey requires self-examination. Your responsibility as a critical thinker is to The philosophical journey requires self-examination. Your responsibility as a critical thinker is to
Mechanisms of Action of Antiseizure Drugs Mechanisms of Action of Antiseizure Drugs
Drugs, Behavior, and Modern Society (8th Edition) Drugs, Behavior, and Modern Society (8th Edition)
Passage of Drugs Across Plasma Membranes Passage of Drugs Across Plasma Membranes
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library