Mr and Mrs

question 70

Essay

Mr. and Mrs. Lester failed to report a $40,540 capital gain on their 2012 Form 1040. The gross income reported on the return was $169,404, and the return was filed on January 20, 2013. What is the last date on which the IRS can assess additional tax for 2013?

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Definitions:

Attribution Theory

A psychological theory that seeks to explain how individuals infer the causes of their own and others' behavior, attributing them to internal dispositions or external situations.

Cognitive Dissonance Theory

A psychological theory that explains the discomfort that arises from holding two conflicting beliefs simultaneously, leading individuals to change their attitudes, beliefs, or behaviors to reduce the discomfort.

Role-Playing Theory

A theory that suggests individuals adopt certain behaviors or attitudes when they are assigned specific roles, influencing their social interactions and identity.

Racial Bias

A form of prejudice that results in the unjust favoring or disadvantaging of individuals based on race.