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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Definitions:

Social Networks

Platforms or structures made up of individuals or organizations that are connected by one or more specific types of interdependencies, such as friendships, kinships, common interests, financial exchanges, or beliefs.

Mark Granovetter

A sociologist recognized for his work on the strength of weak ties in social networks and the impact of social structures on economic outcomes.

Job Market

The availability of employment and labor, in terms of supply and demand.

Macro-structures

Large-scale patterns and systems in society that shape and organize social life, such as economic systems or governmental institutions.