In May 2017, Hernando, a resident of California, has his 2015 Federal income tax return audited by
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In May 2017, Hernando, a resident of California, has his 2015 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 2017, California audits his state return for the same year. Explain the coincidence.
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South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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