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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?
Objectives
Specific, measurable goals designed to achieve desired outcomes in a given timeframe.
Res Ipsa Loquitur
A legal doctrine that allows for the presumption of negligence in a lawsuit if the accident could not have happened without negligence.
Negligence
The failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for the negligent party.
Liability
Legal responsibility for one's actions or for a particular outcome, often involving compensation for harm or injury caused.
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