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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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