subject
Business, 11.12.2019 19:31 ctyrector

The usual three-year statute of limitations on additional tax assessments applies in the following situation(s). a. no return at all is filed. b. an investment in a marketable security is worthless. c. taxpayer discovers an inadvertent overstatement of deductions equal to 30% of gross income. d. taxpayer inadvertently omits an amount of gross income equal to 30% of the gross income stated on the return.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, kirathadoll
Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles
Answers: 2
image
Business, 22.06.2019 05:20, naomicervero
Social computing forces companies to deal with customers as opposed to
Answers: 2
image
Business, 22.06.2019 12:30, victorialeona81
Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.
Answers: 1
image
Business, 22.06.2019 15:20, babyduck0664
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
You know the right answer?
The usual three-year statute of limitations on additional tax assessments applies in the following s...

Questions in other subjects:

Konu
Arts, 13.12.2020 23:00
Konu
Law, 13.12.2020 23:00
Konu
Mathematics, 13.12.2020 23:00
Konu
Mathematics, 13.12.2020 23:00
Konu
Mathematics, 13.12.2020 23:00