For No Particularly Good Reason, Ms

question 53

Multiple Choice

For no particularly good reason, Ms. Totter has not yet filed her 2014 Form 1040. Which of the following statements is false?

• A) If the government owes Ms. Totter a refund of 2014 tax, there is no penalty if she never files the return.
• B) The statute of limitations on the return will not begin to run until Ms. Totter files the return.
• C) If Ms. Totter owes additional 2014 tax, she also will owe a late-filing and late-payment penalty.
• D) None of the above is false.

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Definitions:

Global Expansion

The process of a business extending its operations or influence beyond its original national boundaries.

Organizational Objectives

Goals or targets that an organization aims to achieve over a specific period.

Changing Environment

Refers to the dynamic and often unpredictable shifts within the external conditions impacting an organization, requiring adaptability and strategic planning.

Global Economy

Describes an interconnected world economy where goods, services, and labor move across national borders with relatively few restrictions, influenced by global events and market trends.