In Late June 2018, Art Is Audited by the State

question 151

Essay

In late June 2018, Art is audited by the state and a large deficiency is assessed. In November of the same year, his Federal income tax return is audited by the IRS. What has probably happened?

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Definitions:

Nuclear Family

A family group consisting of parents (usually a mother and father) and their children, living together as a single unit.

Post-World War II

The period following the end of World War II in 1945, marked by significant geopolitical, social, and economic changes worldwide.

Cyclical

Pertaining to events or processes that occur in a repeating pattern or cycle, often observed in economies and natural phenomena.

Historically Atypical

Describes events, behaviors, or conditions that deviate from what has been commonly or traditionally observed throughout history.