Mrs. Fugate failed to include $28,000 lottery winnings on a 2021 form 1040. The only gross income reported was $78,000 salary. Mrs. Fugate filed the return on January 19, 2022. Required: a. What is the last date on which the IRS can assess additional tax for 2021? b. Assume Mrs. Fugate also reported $37,500 in dividend income. What is the last date on which the IRS can assess additional tax for 2021? Complete this question by entering your answers in the tabs below. Required A Required B What is the last date on which the IRS can assess additional tax for 2021?
Mrs. Fugate failed to include $28,000 lottery winnings on a 2021 form 1040. The only gross income reported was $78,000 salary. Mrs. Fugate filed the return on January 19, 2022. Required: a. What is the last date on which the IRS can assess additional tax for 2021? b. Assume Mrs. Fugate also reported $37,500 in dividend income. What is the last date on which the IRS can assess additional tax for 2021? Complete this question by entering your answers in the tabs below. Required A Required B What is the last date on which the IRS can assess additional tax for 2021?
Chapter17: Tax Practice And Ethics
Section: Chapter Questions
Problem 23P
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT