Which of the following is an example of tax evasion? a. Taxpayer A accelerates her deductible expenses
Question:
Which of the following is an example of tax evasion?
a. Taxpayer A accelerates her deductible expenses into Decem-
ber of the current year because she anticipates that her tax rate will be lower next year.
b. Taxpayer B has her child on December 30 to claim the child tax credit in the current year.
c. Taxpayer C owns a candy store (customers may only pay in cash) and does not report any of the $33,000 income received.
d. Taxpayer D omits dividend income of $28 from his return because he did not realize he lost his Form 1099-DIV that reported it to him.
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Related Book For
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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