For the 2020 Tax Returns, Indicate When the Statute of Limitations

question 41

Essay

For the 2020 tax returns, indicate when the statute of limitations expires and why.
a. Phoenix filed his tax return on February 28, 2021.
b. Jill and Randy filed their tax return on August 16, 2021.
c. Although required to file, Catherine chose not to file a tax return this year because she was expecting a tax refund and could not pull together all the information needed to file the return.
d. Jerry filed his tax return on May 22, 2021, but has accidentally underreported his taxable income by 30 percent.

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Definitions:

Cannon-Bard Theory

A theory of emotion that suggests emotions and physiological responses occur simultaneously, not sequentially.

James-Lange Theory

A theory suggesting that emotions occur as a result of physiological reactions to events.

Two-factor Theory

A psychological theory that posits that emotions are based on two factors: physiological arousal and cognitive labeling of that arousal.

Schachter-Singer Theory

A theory of emotion that states emotions are determined by physiological arousal and its interpretation, based on environmental cues.