Determine what is last day on which must file an amendent

Assignment Help Accounting Basics
Reference no: EM132476628

Problem 1: Reginal filed his 2018 income tax return on January 15, 2019. On November 1, 2019, he learned that his investment of $10,000 in 1,000 shares of Ultimate Corp. had become worthless in 2018. Determine What is the last day on which he must file an amended 2018 return to claim this loss?

option a. January 15, 2022

option b. April 15, 2022

option c. November 1, 2022

option d. April 15, 2026

Reference no: EM132476628

Questions Cloud

Prepare a static budget report : The company expects to operate at 10,000 direct labor hours each month. Prepare (a) a static budget report and (b) a flexible budget report
Discuss the importance as-ad models : Discuss the importance AS-AD models are in explaining the macroeconomic conditions of the economy and business cycles like recessions.
United states is suffering from an excess of imports : Cheap foreign products are driving American firms out of business and leaving the U.S. economy in shambles." Evaluate this view.
Review absolute and comparative advantages : Cheap foreign products are driving American firms out of business and leaving the U.S. economy in shambles." Evaluate this view.
Determine what is last day on which must file an amendent : Determine What is the last day on which he must file an amended 2018 return to claim this loss? Reginal filed his 2018 income tax return on January 15, 2019.
What is the rate of inflation over the base year : What is Southton's consumer price index for the current year and what is the rate of inflation over the base year? Show your calculations.
What is the unemployment rate : But 5 million part-time workers would prefer full-time work. What is the unemployment rate?
Prepare a journal entry for the mowing inc transaction : Prepare a journal entry for the Mowing Inc transaction. Mowing Inc. billed the client $1,000 for service rendered; of this amount, $600 was received in cash
BUS-2275 International Business Assignment : BUS-2275 International Business Assignment Help and Solution, Lethbridge College - Assessment Writing Service - Analysis of Norway as a potential location

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd