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:

Weiner

Refers to Bernard Weiner, an American psychologist known for his attribution theory in social psychology.

Expended Effort

The amount of energy, time, or resources utilized to achieve a result or complete a task.

Self-serving Bias

The common tendency to attribute our successes to internal factors while attributing failures to external ones.

Attribution Style

A concept in psychology that refers to how individuals explain the causes of behavior and events, often categorized into internal (dispositional) or external (situational) attributions.