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
Anna35 [415]
4 years ago
6

Clarence is a sole proprietor who started his business on July 29, 2017. He has not elected any particular tax year. Generally,

when is Clarence's federal income tax return due?
Business
1 answer:
astra-53 [7]4 years ago
6 0

Answer:

Clarence must file his tax returns on schedule C which is April 15, 2020 (for 2019 taxes).

Explanation:

As a sole proprietor of a small business Clarence must include his personal tax return when he files the sole proprietorship's tax returns. Tax returns must be filed on different dates depending on what type of business is filing:

  • Sole proprietorship and single-member LLC by April 15, 2020.
  • Partnership by March 16, 2020.
  • Multiple-member LLC by March 15, 2020.
  • S corporation by March 15, 2020.
  • Other corporations (not S corporations) by the 15th day of the 4th month after their fiscal year ends.

You might be interested in
2. Some companies have eliminated the collection and reporting of detailed analysis on direct labor costs broken down by various
kherson [118]

Answer:

The description would be presented downwards and as per the circumstance presented.

Explanation:

  • Instead of assigning resources associated with a specific frequency, activity based costs which always track costs on the basis seem to be an essential component of cost accounting because that would be a more effective means for providing resources.
  • The costs when implementing some activity based accounting systems, furthermore, are even less than the potential advantages of moving towards this framework only then would it have been simpler as well as productive for the growing company ABC.
  • Throughout the case situation, the claim whether direct labor constitutes a member of a minority fraction of the overall wages should not be an excellent explanation for either not apportioning production wages contingent on the operation, but if the organization determines that the expense of someone using ABC to assign labor profitability of different practices is greater than advantages, the organization increasing turn to something like an optimization model for that frequency.
7 0
3 years ago
The Matthews want to split their refund between savings and checking accounts. How is this accomplished, if possible? OA Complet
PSYCHO15rus [73]

Answer:

Option A is the right answer.

Explanation:

  • Matthews can split his refund in saving and checking accounts. Under form 8888 Allocation of refund, he can split his refund in 7 combinations, 3 direct deposits, 3 series saving bond and 1 paper check.
  • So long so our financial institution allows direct deposits for that type of account and has accurate account numbers, we will transfer our reimbursement to any of our checking or savings accounts with a US financial institution.

5 0
3 years ago
You think this intensive production schedule will deplete the nutrients in the soil, which ensure good wheat. Does this matter i
katovenus [111]
Yes, it matters very much. The crops that will plant on our farmlands ought to be rotated in such a way that the soil fertility will be maximized. If the nutrients in the soil are depleted, the soil will become infertile and the yields that a farmer will get from his planting will be drastically low. Thus, it is important to protect soil nutrients at all time during planting operation.
7 0
3 years ago
Read 2 more answers
Why is it taking so long for my taxes to be accepted?.
OLga [1]

Answer:

What's Taking So Long? If you don't receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. ... You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit.

Explanation:

7 0
2 years ago
a loan used to purchase a home is usually known as what? A. a life loan B. a mortgage C. a direct loan D. a renters home
Lisa [10]

A loan used to purchase a home is known as B. a mortgage. A mortgage is what is paid each month on a house loan. Most mortages are over a 30 year period and after the 30 years, the home loan is paid off.

4 0
4 years ago
Read 2 more answers
Other questions:
  • What is the name for the percentage of people who don't have jobs in a country or area?
    15·1 answer
  • What is 5000 times 6056
    10·2 answers
  • The study of​ ________ reveals a number of ways to enhance your relationship strategy and add value. this helps the salesperson
    13·1 answer
  • You will receive $225 a month for the next eight years from an insurance settlement. The interest rate is 7% compounded monthly
    8·1 answer
  • Dane works as a sales representative for the Better Butter Company. He is about to meet with his manager to review his progress
    13·2 answers
  • Economics is the study of producing and
    11·1 answer
  • This problem has been solved!
    11·1 answer
  • Florissa's Flowers jointly produces three varieties of flowers in the same garden: tulips, lilies, and daisies. The flowers are
    15·1 answer
  • During a job interview, Dario was unable to answer the interviewer's final question because it was slightly technical and he did
    14·1 answer
  • A deduction from adjusted gross income for yourself, your spouse, and qualified dependents is:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!