In May 2019, Hernando, a resident of California, has his 2017 Federal income tax return audited by
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In May 2019, Hernando, a resident of California, has his 2017 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 2019, California audits his state return for the same year. Explain the coincidence.
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South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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