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Mrs Jordan Applied for an Automatic Six-Month Extension of Time

question 11

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Mrs Jordan applied for an automatic six-month extension of time (until October 15, 2018) to file her 2017 income tax return. She actually filed an accurate return on July 9, 2018. The IRS may audit the return and assess Mrs Jordan for additional 2017 tax at any time through:


Definitions:

Payable To Bearer

Payable to bearer describes a financial instrument, such as a check or bond, that is payable to the holder or presenter of the document, rather than a specific individual.

Issued

Pertains to the official distribution or release of something, such as a document, currency, or product.

Holder

Any person in the possession of an instrument drawn, issued, or indorsed to him or her, to his or her order, to bearer, or in blank.

Promise

A person’s assurance that he or she will or will not do something.

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