Examlex

Solved

Michelle Accidentally Omitted from Her 2019 Tax Return $8,000 of Gross

question 34

Multiple Choice

Michelle accidentally omitted from her 2019 tax return $8,000 of gross receipts she collected as the owner of a restaurant. Her 2019 return indicated collective gross receipts of $40,000. The IRS nolonger can pursue Michelle with the threat of collection of the related tax, interest, and penalties as of April 15 of what year?


Definitions:

Vicarious Modelling

A learning process that occurs by observing the behaviors, outcomes, and consequences of others’ actions, rather than through direct personal experience.

Self-efficacy

An individual's belief in their own capability to execute behaviors necessary to produce specific performance attainments.

Observing Others

The practice of watching and learning from the actions, behaviors, and reactions of individuals or groups to gather insights or inform one's own behavior.

Law of Effect

A principle in psychology that suggests behaviors are more likely to be repeated when they result in positive outcomes, and less likely when they lead to negative outcomes.

Related Questions