What is the last date on which the irs can assess

Assignment Help Financial Management
Reference no: EM13887499

Mrs. Fugate, who is divorced, failed to include $28,000 alimony on her 2014 Form 1040. The only income she reported was her $78,000 salary. She filed her return on January 19, 2015.

a. What is the last date on which the IRS can assess additional tax for 2014?

b. Would your answer change if Mrs. Fugate also reported $37,500 dividend income on her Form 1040?

Reference no: EM13887499

Questions Cloud

Surface of a ceramic material : Rapid heating and cooling can cause cracks to start at the surface of a ceramic material. Sometimes the cracks meet the surface at 90? and sometimes at 45? to the surface.
Grainger order per replenishment : Demand for fasteners at W.W. Grainger is 20,000 boxes per month. The holding cost at Grainger is 20 percent per year. Each order incurs a fixed cost of $400. The supplier offers an all unit discount pricing scheme with a price of $5 per box for order..
The sovereign debts of these nationals : 3)   Greece, Ireland, Portugal, and Spain all went through national budget difficulties in recent years. Use the data below to answer questions regarding the sovereign debts of these nationals (All data comes from the OECD and is in billions of curre..
Compare workplace environment at larger versus smaller audit : Compare and contrast the workplace environments at larger versus smaller audit firms. Explain which type of environment you think would best fit your needs.
What is the last date on which the irs can assess : Mrs. Fugate, who is divorced, failed to include $28,000 alimony on her 2014 Form 1040. The only income she reported was her $78,000 salary. She filed her return on January 19, 2015. a. What is the last date on which the IRS can assess additional tax ..
Did toyota grow too quickly as toyota suggested : Prepare a Paper in a Microsoft Word document using APA 6th Edition guidelines. The Paper must include a title page, an introduction, the body, summary and conclusion paragraph(s), and a reference page that provides an overview of knowledge management..
Reduction of the elastic modulus of alumina : 1. What percent reduction of the elastic modulus of alumina would be caused by 1% porosity?
Utilizing the csu online library : Comprehensive marketing plan researching the SAME company that you researched in Unit I. Again, utilizing the CSU Online Library, you will research the various elements of the marketing plan as it relates to this company. In Unit II you will present ..
What is the last day on which the irs may assess : LZ Corporation uses a fiscal year ending September 30. The controller filed LZ's Form 1120 for the year ending September 30, 2014, on October 23, 2014. a. What is the last day on which the IRS may assess additional tax for this fiscal year? b. How wo..

Reviews

Write a Review

Financial Management Questions & Answers

  Require any modification or increase in net working capital

You have been hired as a financial consultant by ABC Corporation. ABC is considering investing in a new machine to produce dog biscuits. ABC has provided you with the following information: Full price of machine is $95,000. The machine will not requi..

  Hospital manager most likely to be held accountable

Which of the following variances is a hospital manager most likely to be held accountable for?

  What is the WACC for the company

Perferred Stock and WACC The Saunders investment bank has the following financing outstanding. What is the WACC for the company?

  How to prepare a monthly schedule of cash receipts

Seventy percent of Ellis' sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale.

  Calculation including the cost of interest

You are bullish on Telecom stock. The current market price is $40 per share, and you have $10,000 to invest. If the margin limit is 50% and you borrow the maximum from your broker at 4% interest, and invest everything in Telecom, what will your retur..

  Initial investment-double-declining balance depreciation

Initial investment: Basic calculation Cushing Corporation is considering the purchase of a new grading machine to replace the existing one. The existing machine was purchased 3 years ago at an installed cost of $20,000; it was being depreciated under..

  Disadvantage of the security market line

Which of the following is most accurate regarding the advantages and disadvantages of the methods used to compute a company’s cost of equity? A disadvantage of the Security Market Line (SML) is that it does not explicitly consider risk

  No-arbitrage band for the stock-futures price relationship

The one-year futures price on a particular stock-index portfolio is 406, the stock index currently is 400, the one-year risk-free interest rate is 3%, and the year-end dividend that will be paid on a $400 investment in the index portfolio is $5. Give..

  What is the exact time and what is the interest

Complete the following, using exact interest. (Use table value.) (Use 365 days a year. Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) What is the exact time? What is the interest?

  Explain what is the firm''s wacc using market value weights

Hare Enterprises has 1.5 million shares of common stock outstanding and the only debt on their balance sheet consists of 50,000 of the 5% coupon bonds listed above

  Cash flow budget for the next 12 months

Suppose you are asked to do a cash flow budget for the next 12 months for a newly opened baby health clinic. The budget must be done on a month-by-month basis. As the clinic has just opened you have no historical accounting data. The clinic is allowe..

  Give in one paragraph your reasoning why someone should

select 3 outcomesconcepts you learned in this class. explain why there are important for you and how will you use what

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