Indicate the Date That the Statute of Limitations Would Run

question 36

Essay

Indicate the date that the statute of limitations would run out on the following situations:
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a.The IRS assesses additional taxes for a 2014 tax return audit on May 5, 2016.How long does the IRS have to collect the tax?
b.On April 1, 2016, the IRS asks for and the taxpayer agrees to an additional year to complete an audit for a 2012 tax return which was filed on March 9, 2013.
c.Jeremy reported $10,000 of worthless debt on his 2015 tax return which he filed on August 3, 2016.
d.Jenny files her 2016 tax return on February 25, 2017.
e.James omits 7 percent of his income on his 2014 tax return which he filed on July 12, 2015.

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Definitions:

Benevolence

The quality of being well-meaning and kindly.

Willingness to be Vulnerable

The degree to which an individual is open to the risk of emotional exposure, harm, or uncertainty in relationships.

Perceived Organizational Support

How much employees feel that their company appreciates their efforts and is concerned about their welfare.

Organizational Support Theory

A theory that states that employees who have strong perceptions of organizational support feel an obligation to care about the organization’s welfare and to help the organization achieve its objectives.