Yang, a Calendar Year Taxpayer, Did Not File a Tax

question 149

True/False

Yang, a calendar year taxpayer, did not file a tax return for 2010 because she honestly believed that no additional tax was due. In 2018, Yang is audited by the IRS and the agent assesses a deficiency of $17,000 for 2010. Yang need not pay this deficiency, since the three-year statute of limitations expired on April 15, 2014, meaning that the IRS no longer can adjust Yang's tax for the 2010 tax year.

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Definitions:

Job Enrichment

Empowering workers by adding more decision-making authority to jobs.

Piecework Plan

A compensation system where employees are paid a fixed rate for each unit of production or action they complete, encouraging productivity.

Pay Structure

An organizational system that categorizes employee compensation into levels based on job duties, seniority, and performance outcomes.

Fairness

Fairness refers to the equitable and impartial treatment of all individuals according to established rules and principles.