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Author Question: Peyton has adjusted gross income of $2,000,000 on his 2016 tax return, filed April 15, 2017, the due ... (Read 95 times)

biggirl4568

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on: Sep 13, 2020

Question 1

Latashia reports $100,000 of gross income on her 2016 tax return, filed on the April 15, 2017 due date. She omits $30,000 of income, but the error was not fraudulent. When does the statute of limitations for examining her tax return expire?
◦ April 15, 2019
◦ April 15, 2020
◦ April 15, 2023
◦ It never expires.

Question 2

Peyton has adjusted gross income of $2,000,000 on his 2016 tax return, filed April 15, 2017, the due date. He accidentally failed to include $200,000 that he received for a television advertisement. How long does the IRS have to audit Peyton's federal tax return?
◦ until April 15, 2019
◦ until April 15, 2020
◦ until April 15, 2023
◦ The IRS can audit Peyton's return at any future date.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by biggirl4568 on Sep 13, 2020

irishcancer18

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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biggirl4568

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

tanna.moeller

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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