<span>Hannibal Hamlin.............................</span>
simon bolivar led the rebellion
On an involuntary conversion in which the taxpayer does not buy replacement property within the replacement period, the gain on the involuntary conversion and any tax due must be reported in the year the involuntary conversion occurred.
Who are taxpayers?
A taxpayer is anyone who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies. Annual income tax obligations vary for people and businesses.
What is an involuntary conversion?
When your property is lost, taken, condemned, or disposed of under threat of condemnation and you receive other property or cash as payment, such as insurance or a condemnation judgment, this is known as an involuntary conversion. Exchanges that occur unintentionally are also known as forced conversions.
How can a taxpayer defer a gain on an involuntary conversion?
A taxpayer has the choice to choose section 1033 deferral after revealing the gain from an involuntary conversion by including a refund claim on an amended gain-year return. This statement and the actual election are clearly distinguished by the FSA, and as a result, each has a different statute of limitations.
Learn more about involuntary conversion: brainly.com/question/22715288
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Answer:
Abraham Lincoln
Explanation:
Based on the information provided within the question it can be said that in this survey President Abraham Lincoln was ranked as the greatest. Abraham Lincoln was the 16th president of the United States of America. He was born on February 12, 1809 in Kentucky, United States and is most notably known for leading the American Nation through their greatest moral and political crisis, which was the American Civil War.
Answer:
The answer is D. Misrepresentation of a material fact.
Explanation:
This element of fraud refers to omitting information in a contract or transcation. The statements might be intentional (negligent misrepresentation) or accidental (innocent misrepresentaton).
In order to claim someone has commited this type of fraud, clear proof must be presented.