In May 2015, Hernando, a resident of California, has his 2013 Federal income tax return audited by
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In May 2015, Hernando, a resident of California, has his 2013 Federal income tax return audited by the IRS. An assessment of additional tax is made because he had inadvertently omitted some rental income. In October 2015, California audits his state return for the same year. Explain the coincidence.
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The coincidence of both the IRS Internal Revenue Service and the California state tax authority auditing Hernandos tax returns for the same year 2013 ...View the full answer
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Related Book For
South Western Federal Taxation 2016 Individual Income Taxes
ISBN: 9781305393301
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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