1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vichka [17]
3 years ago
15

Regarding the statute of limitations on additional assessments of tax by the IRS, select the applicable date in each of the foll

owing situations. Note: Assume a calendar year individual with no fraud or substantial omissions involved.
a. The income tax return for 2018 was filed on March 3, 2019. The three-year statute of limitations will begin to run on .
b. The income tax return for 2018 was filed on August 13, 2019. The statute of limitations will begin to run on .
c. The income tax return for 2018 was prepared on March 31, 2019, but was never filed. Through some misunderstanding between the preparer and the taxpayer, each expected the other to file the return. The statute of limitations .
d. The income tax return for 2018 was never filed because the taxpayer thought no additional tax was due. The statute of limitations .
Business
1 answer:
-Dominant- [34]3 years ago
3 0

Answer:

A) The income tax return for 2018 was filed on March 3, 2019. The three-year statute of limitations will begin to run on:

  • April 16, 2019 (the next day after the tax deadline)

B) The income tax return for 2018 was filed on August 13, 2019. The statute of limitations will begin to run on:

  • August 13, 2019 (the same day the taxes were filed)

C) The income tax return for 2018 was prepared on March 31, 2019, but was never filed. Through some misunderstanding between the preparer and the taxpayer, each expected the other to file the return. The statute of limitations:

  • If the taxes were not filed, then the statute of limitations cannot begin to run.

D) The income tax return for 2018 was never filed because the taxpayer thought no additional tax was due. The statute of limitations:

  • If the taxes were not filed, then the statute of limitations cannot begin to run.

You might be interested in
The ABC Corporation decreases all of its inputs by 12 percent and finds that its output falls by only 8 percent. This means that
RoseWind [281]

Answer:

In the range of diseconomies of scale

Explanation:

Economies of scale refers to a concept whereby a firm accrues cost advantage owing to it's increased scale of production.

Economies of scale points towards efficient production.

Conversely, Diseconomies of scale refers to the phase wherein a firm experiences cost disadvantages owing to increase in organizational operations and output level.

Reasons for operation of this phase being, lack of motivation and proper coordination between employees since there are too many employees and management gets difficult.

In the given case, as the corporation decreased it's inputs, the output fell less proportionately which means the firm was earlier operating in the phase of diseconomies of scale.

6 0
3 years ago
Wayne Company's beginning and ending inventories for the month of June were as follows:
ipn [44]

Answer:

d. $487,750

Explanation:

Cost of goods manufactured

<em>Consider only the manufacturing costs</em>

Cost of goods manufactured = $145,000 +  $200,000 +  $ 170,000 + ($5.75 x  25,000) - $171,000

                                                =  $487,750

Note : Only overheads applied $143,750 ($5.75 x  25,000) are added to cost of goods manufactured instead of actual overheads.

Conclusion

the amount of cost of goods manufactured is  $487,750

5 0
3 years ago
In what three ways does the government affect production of goods and services in the US economy?
denpristay [2]
Government activity affects the economy in four ways: The government produces goods and services, including roads and national defense. Less than half of federal spending is devoted to the production of goods and services
8 0
3 years ago
Alicia Tax Services paid $690 to settle an account payable. Which of the following general journal entries will Alicia Tax Servi
aleksandr82 [10.1K]

The general journal entries that  Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.

Based on the information given since Alicia Tax Services paid the amount of  $690 to settle an account payable which means that the appropriate journal entry to record the transaction will be:

Debit Accounts payable $690

Credit Cash $690

(To record account payable)

Inconclusion the general journal entries that  Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.

Learn more about account payable here:brainly.com/question/1347024

4 0
2 years ago
How much is one euro in american dollars?
djverab [1.8K]
A euro equals $1.08 in American dollars.
4 0
3 years ago
Other questions:
  • Which of the following does NOT belong to holding​ costs? A. order processing B. storage costs C. ​pilferage, scrap, and obsoles
    5·1 answer
  • ________ holds that there are few really new ideas and that "true is better" than new. Multiple Choice Scientific management The
    12·1 answer
  • Why did this region grow in economic importance?
    11·1 answer
  • Weiss Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have
    13·1 answer
  • Three challenges that bricks construction may encounter when trying to implement their corporate social investment plan in the l
    13·1 answer
  • Why drill should be performed in single beat?​
    10·1 answer
  • On October 1, Eder Fabrication borrowed $84 million and issued a nine-month, 15% promissory note. Interest was payable at maturi
    11·1 answer
  • Name at least 4 of the sources of ethical issues
    12·2 answers
  • If 7% is deducted from Matthew's annual pay of $1,771 to pay for state taxes, then how
    8·1 answer
  • Bryan invested in bryco stock when the firm was financed solely with equity. the firm now has a debt-equity ratio of .3. to main
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!