In May 2022, Hernando, a resident of California, has his 2020 Federal income tax return audited by the IRS. An
In May 2022, Hernando, a resident of California, has his 2020 Federal income tax return audited by the IRS. An assessment of additional tax is made because he inadvertently omitted some rental income. In October 2022, California audits his state return for the same year. Explain the coincidence.
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