Mrs. Fugate, who is divorced, failed to include $28,000 alimony on her 2016 Form 1040. The only
Question:
a. What is the last date on which the IRS can assess additional tax for 2016?
b. Would your answer change if Mrs. Fugate also reported $37,500 dividend income on her Form 1040?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For
Principles Of Taxation For Business And Investment Planning 2018
ISBN: 9781259713729
21st Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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