Question: Harinder originally reported $ 3 9 , 7 5 0 as his adjusted gross income on his 2 0 2 4 Form 1 0 4

Harinder originally reported $39,750 as his adjusted gross income on his 2024 Form 1040. He received another Form W-2 for $500 after he filed his original income tax return. Which of the following statements is true?
A. Harinder should use Form 1040-X - Amended U.S. Individual Income Tax Return to correct the Form 1040B. Harinder should file another Form 1040 for 2024C. Harinder is not required to report the income for 2024 after he files his original Form 1040D. Harinder should include the $500 on his 2025 Form 1040

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Using the information provided in the chapter background and gathered from the exercise on CS2-15, Complete the following: a. Perform a risk assessment of BUS?s growth-related change initiatives,...

Q:

Using the information provided in the chapter background and gathered from the exercise on CS2-15, Complete the following: a. Perform a risk assessment of BUS?s growth-related change initiatives,...

Q:

Dr, Carol Harris, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her social security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...

Q:

For the Part IV (Week 7) assignment, you are asked to do the following: Use the Parts I, II, and III assignments you completed previously. Correct your Part III assignment mistakes, if any, based on...

Q:

I attached the 1040, schedule c, schedule d and 8949. I believe my answers on those forms are mostly right, my teacher told me to fix schedule D and form 1040 line 44 and 64 are missing. So I've...

Q:

I attached the 1040, schedule c, schedule d and 8949. I believe my answers on those forms are mostly right, my teacher told me to fix schedule D and form 1040 line 44 and 64 are missing. So I've...

Q:

Please complete the required federal individual income tax return forms for Bob and Melissa Grant for the 2013 tax year: I need the 1040, schedule A, and form 4684 please. Form 4684 Department of the...

Q:

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...

Q:

examine to answer the following questions for President Biden : What are the federal effective tax rates for each of the case study? What items reported in their itemized (if not standard)...

Q:

Fill out the 2022 IRS Tax forms that are highlighted green outline Question 1: Schedule 1 (Form 1040) 2022 Page 2 Part II Adjustments to Income 11 Educator expenses . 11 12 Certain business expenses...

Q:

Draw graphs (or create tables) for a holder of a protective put on Rosneft company with an exercise price of 350 rubles.

Q:

Compare the two tax systems illustrated in Table 25-4. Describe a taxpayer who would be better off with the existing system than with the flat-tax proposal. Describe a taxpayer who would be better...

Q:

Which of the following is accurate regarding a federal agency's Statement of Net Costs? A . Costs are reported within the broad categories of current, capital, and debt senice B . It is similar in...

Q:

A particle is moving in three dimensions and its position vector is given by; r(t) = (4, 4t + 2, 3t)i + (4, 5t - 2, 3)2 + (3, 3t + 3, 1t)k where r is in meters and t is in seconds. Determine the...