Annie files her 2020 tax return on April 15, 2021. On what date will the Statute of Limitations on Assessment expire? O April 15, 2022 O April 15, 2023 O April 15, 2024 O April 15, 2027

Q: Sonny receives wages of $47,900 and $10,000 of unemployment in 2021

A: As per Income tax act 1961 (indian no any other deatial given for other country tax that why)

Q: Assuming Nicanor died on May 22, 2020 and his estate applied for installment payment which is…

A: This question deals with the Philippines estate tax. As per estate tax rule, Estate tax return needs…

Q: X wishes to file his 2019 income tax return. To avoid penalty, he must file his return on or before:…

A: For individuals, income tax return filing due date when their financial year ends on December 31 is…

Q: A taxpayer received a notice from the BIR to file his 2020 income tax return not later than January…

A: solution concept provision The interest penalty is levied @ 20% pa of the tax due after April 15 of…

Q: In 2020, Paul, who is single, has a comfortable salary from his job as well as income from his…

A: The amount which a taxpayer has to pay in excess of regular tax amount due towards IRS because of…

Q: When is the filing deadline for an individual taxpayer who has no partnership or sole proprietor…

A: When is the filing deadline for an individual taxpayer who has no partnership…

Q: A taxpayer filed his income tax return in October 28, 2018. The deadline for the return was April…

A: solution concept as per the income tax provision stated by BIR In case if a person fails to file…

Q: Victoria's 2021 tax return was due on April 15, 2022. but she did not file it until June 12, 2022.…

A: 1. Non Filing / Late Filing Penalty : 5 % per month ( or fraction there of ) on additional tax due.…

Q: Required: Victoria's 2020 tax return was due on April 15, 2021, but she did not file it until June…

A: 1. Non Filing / Late Filing Penalty : 5 % per month ( or fraction there of ) on additional tax due.…

Q: An accountant agrees to perform $410 of tax services for an auto mechanic who has agreed to perform…

A: TAXABLE INCOME YEAR ACCOUNTANT MECHANIC 2021 $410 $0…

Q: Nancy is a California resident who is filing her taxes as a head of household. Her minimum taxable…

A: AMT termed as Alternative minimum tax which refers to the tax that is imposed through the federal…

Q: Anna paid her income tax on June 20, 2019. She filed a claim for refund on May 2, 2020and received…

A: Anna paid her income tax on June 20, 2019 It means she filed her income tax = 20.06.2019 She also…

Q: If a calendar year taxpayer's 2021 individual income tax return is mailed on June 15, 2022, the…

A: Given : a. June 15, 2025 b. June 15, 2024 c. April 15, 2025 d. April 15, 2024 e. None of these…

Q: Mani Pakyaw failed to file and pay his income tax return for the year 2019 which should have been…

A: Since the questions have four subparts, we will be solving only the first three of them. Income tax…

Q: Christina and javier a married couple  filing  a jojng return recieve  in a state income refund 2030…

A: Taxable additional income 1.As state tax overpaid in 2019 is used as deduction for reducing their…

Q: Determine Amy’s taxable income for 2019 if she has $40,000 of salary income, is single, and claims…

A: Amy' taxable income = Gross income- standard deduction Standard deduction allowed for single tax…

Q: Determine the amount of taxable income of Aaron Rentz in 2020, who is single and has $900 of wages…

A: In the context of the given question, we are required to find out the correct option from the…

Q: Ms. White has net tax owing for 2017 of $4,500, net tax owing for 2018 of $8,000, and estimated net…

A: Taxes are the amount of dues and obligations which needs to be settled or paid by the business on…

Q: Dora Burch files her 2020 income tax return on March 2, 2021. She receives a nil assessment on June…

A: As given Dora Burch prepares her tax return for the year 2020 on March 2, 2021. On June 3, 2021, she…

Q: At the start of the 2019 tax year, Franny had $40,000 trading stock on hand in her café. Throughout…

A: The transactions of the company will be recorded first in the company's books which is called as…

Q: Determine the Tax Credit Relief (if any) due to Professor Mohammed Ibrahim in the year 2019. The…

A: Tax credit relief is a form of tax relief that directly reduces the amount of tax owed(not taxable…

Q: mrs. emily married earns compensation income of p460,000 during 2019. how much is the tax due of…

A: solution concept extract or rate relevant for income of P 460000 The tax rate on income which is…

Q: which of the following is required for a taxpayer to be subject to the tax on unearned income of…

A: The tax that is imposed on a person who is under 19 years of age on his/her investment and unearned…

Q: A taxpayer has unutilized or excess Creditable Withholding Taxes (CWT) for the taxable year 2019.…

A: Withhold taxes The term withhold taxes which can be described as portion of amount which can be…

Q: file his annual ITR on February 2019. On May 2020, he received a notice of assessment from BIR for…

A: X files annual return on Feb 19. On receiving notice from BIR for underpayment, X can file amended…

Q: During 2020, John Martin is a resident of Ontario and has calculated his taxable income to be…

A: Federal tax is paid by the individual to the government on the income earned. It is an income for…

Q: Harvey itemized deductions on his 2019 income tax return and was able to deduct all state and local…

A: Itemized deduction: It implies to an expense that is allowed to be subtracted from the taxpayer's…

Q: Charles and Joan Thompson file a joint return. In 2019 they had taxable income of $92,370 and paid…

A: All amounts are in dollar ($).

Q: 1. Tonya; a single, calendar year, cash basis taxpayer; paid state income taxes of $8,000 during…

A: According to IRS standard deduction for 2019 are stated as follow:

Q: Norman Foster filed his 2020 tax return as was required on June 15, 2021. His Notice of Assessment…

A: The “notice of objection” can be filed by the taxpayers if they found that the mail they received is…

Q: Click here to access the exemption table. If required, round your final answers to the nearest…

A: Federal Taxation In the federal taxation it is computed by taken up of total gross income which are…

Q: Cherry Ann filed her 2021 ITR on May 12, 2022. She then received assessment of deficiency

A: In Phillipines the taxpayer files the selfassessed ITR within…

Q: Pedro is about to prepare and file his annual income tax return for the year ending December 21,…

A: Tax is a charge which is charged on the taxable income of a taxpayer and this tax amount has to be…

Q: i and Ali to apply for the tax return of three months. Is it correct? If not, then sp

A: A tax deduction is declared by the taxable assessee for which the tax is being determined and he…

Q: taxpayer received a notice from the BIR to file his 2019 income tax return not later than January…

A: Taxpayers are allowed for deductions of investment expenses and miscellaneous itemized deductions…

Q: A new client, Mary, is your first client. She needs to lodge his income tax for 2021/22. Further,…

A: The amount of an individual's or a company's income used to calculate how much tax they owe the…

Q: armen owns a cornershop. During the 2020 tax year, Carmen bought trading stock worth $77,000 and…

A: Trading Stock bought   $          77,000 Trading Stock Sold   $        125,000 All Items…

Q: . A taxpayer forgot to file and pay his annual income tax return for the year 2019. He only recalled…

A: For computing interest the days of delinquency begin from  the date when the tax return is to be…

Q: Indicate whether each of the following items is considered a for AGI, (above-the-line) deduction for…

A: AGI is adjusted gross income which is used to find taxable income. It is the difference of total…

Q: 10. A taxpayer filed his income tax return on October 28, 2020. The deadline for the return was…

A: Penalties in the form  interest : Effective from January 1, 2018 the interest penalty is  12 % per…

Q: Norman Foster filed his 2021 income tax return as was required on June 15, 2022. His Notice of…

A: The above questions answer shown in the following steps for your reference.

Q: a taxpayer’s spouse died on march 31, 2020. he has no qualifying child. which status should the…

A: Tax refers to the amount charged by the government to the individuals and organizations on the…

Q: 57. What is the adjustment that must be made to taxable income in computing alternative minimum…

A: Alternative Minimum Tax(AMT): AMT is computed on the adjusted total income in united states. Its…

Q: A taxpayer filed his income tax return on June 30, 2019. The deadline for the return was April 15,…

A: Taxable Income:- It is the income on which one pays tax as per rate prescribed by the taxation…

Q: Jasmine Dayne (29) is filing as a single taxpayer. In 2020, she received income from the following…

A: Introduction:-Jasmine Dayne (29), a single taxpayer, has filed her tax return. She earned money from…

Q: 0. You filed a joint tax return. Prior to the passage of the 2017 TCJA, your tax bracket would be…

A: Taxable income refers to the sum total of income earned or gain by an entity that is now subject to…

Q: William is not married, nor does he have any dependents. He does not itemize deductions. His taxable…

A: Income Tax:   Income tax is a tax paid by the individual depending on earnings or gains of the…

Q: When is the deadline of the filing of estate tax return if the decedent died on February 28, 2021?…

A: This question deals with the Philippines estate tax. As per Philippines estate tax rules, The Estate…