« previous next »

Author Question: Faye has sold illegal drugs. The IRS requires that all income be reported whether obtained legally ... (Read 90 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?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the Ni Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the Ni
Mechanisms of action of antimicrobial drugs Mechanisms of action of antimicrobial drugs
Drugs Commonly Prescribed According to Classification Drugs Commonly Prescribed According to Classification
Antimigraine Drugs Antimigraine Drugs
Drugs for Hypertensive Emergency Drugs for Hypertensive Emergency
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library