Maria and Miguel Blanco Are in the Midst of Negotiating

question 115

True/False

Maria and Miguel Blanco are in the midst of negotiating a divorce. Because both parties are unwilling to share any current financial information, their joint Form 1040 for 2012 is not filed until October 31, 2013, when the respective divorce attorneys forced them to cooperate. The Blancos should not be subject to any Federal late-filing penalties, because of the reasonable cause exception.

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Prescription Drugs

Medications that are legally available only with a valid prescription from a licensed healthcare provider.

Patent Laws

Regulations governing the granting of exclusive rights to inventors for their inventions, discouraging unauthorized use.

Direct to Consumer

A business model where products or services are sold directly from the manufacturer or service provider to the consumer, bypassing traditional retail intermediaries.

Managed Care

A healthcare delivery system aimed at managing the quality and cost of medical services by coordinating care and utilizing specific providers.