In May 2016, Hernando, a resident of California, has his 2014 Federal income tax return audited by

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In May 2016, Hernando, a resident of California, has his 2014 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 2016, California audits his state return for the same year. Explain the coincidence.
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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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