Mr and Mrs

question 59

Multiple Choice

Mr. and Mrs. Nestor were assessed a $51,240 income tax deficiency. Which of the following statements is false?

• A) If the Nestors don't have cash on hand to pay the deficiency, the IRS can't force them to sell assets to raise the cash.
• B) If the Nestors don't have sufficient assets to pay the deficiency, the IRS may allow them to pay it off over time under an installment plan.
• C) If the Nestors don't have sufficient assets to pay the deficiency, the IRS may negotiate an offer in compromise for a lesser payment.
• D) Mr. and Mrs. Nestor are jointly and severally liable for the tax deficiency because they both signed their tax return.

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Definitions:

Nonadditive

A property or situation in which combining two substances or quantities does not simply result in the sum of their individual effects.

Polygenic

Relating to or involving the influence of multiple genes on a specific trait, characteristic, or disease.

Nonadditive

A characteristic of effects or interactions in which the total outcome is not simply the sum of individual components.

Multifactorial

Involving or dependent on a number of factors or causes, often used in the context of genetics and diseases.