Jayne and Jon Jointly File a Tax Return This Year

question 22

Essay

Jayne and Jon jointly file a tax return this year. Jayne fraudulently reports two expenses on Schedule C: $2,000 and $2,500. The IRS audits the return, assesses a $1,050 deficiency, and begins collection efforts two years after the timely filing by Jayne and Jon. What must Jon do to be relieved of the $1,050 tax liability?

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Definitions:

Other Person's Perspective

The consideration and understanding of someone else's viewpoint or position in a situation or discussion.

Stress Prevention

Strategies and measures implemented to reduce or eliminate stressors in the environment to improve wellbeing and productivity.

Personal Wellness

Encompasses the physical, mental, and emotional health and well-being of an individual.

Instrumental Values

Values that are considered as a means to an end, guiding how we achieve our desired goals, such as honesty, ambition, and responsibility.