Question: LO . 4 In May 2 0 2 4 , Hernando, a resident of California, has his 2 0 2 2 Federal income tax return

LO.4 In May 2024, Hernando, a resident of California, has his 2022 Federal income
tax return audited by the IRS. An assessment of additional tax is made because he
inadvertently omitted some rental income. In October 2024, California audits his
state return for the same year. Explain the coincidence.
LO.4 In May 2024, Hernando, a resident of California, has his

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