subject
Business, 13.02.2020 05:55 Mumi2232

Jasper and Crewella Darvill were married in year 0. They filed joint tax returns in years 1 and 2. In year 3, their relationship was strained and Jasper insisted on filing a separate tax return. In year 4, the couple divorced. Both Jasper and Crewella filed single tax returns in year 4. In year 5, the IRS audited the couple's joint year 2 tax return and each spouse's separate year 3 tax returns. The IRS determined that the year 2 joint return and Cruella's separate year 3 tax return understated Cruella's self-employment income causing the joint return year 2 tax liability to be understated by $5,100 and Cruella's year 3 separate return tax liability to be understated by $8,900. The IRS also assessed penalties and interest on both of these tax returns. Try as it might, the IRS has not been able to locate Crewella, but they have been able to find Jasper.

a) What amount of tax can the IRS require Jasper to pay for the Dahvill's year 2 joint return?

b) What amount of tax can the IRS require Jasper to pay for Cruella's year 3 separate tax return?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:00
Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
Answers: 2
question
Business, 22.06.2019 19:20
The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.
Answers: 2
question
Business, 23.06.2019 02:30
Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.
Answers: 3
question
Business, 23.06.2019 02:30
Do you think it ethical and appropriate for marshall to have used himself as a test subject and swallowed a sample of helicobacter pylori? what precautions did he take? would you do it? why or why not?
Answers: 1
You know the right answer?
Jasper and Crewella Darvill were married in year 0. They filed joint tax returns in years 1 and 2. I...
Questions
question
Mathematics, 30.01.2020 14:51
question
Biology, 30.01.2020 14:52
question
Mathematics, 30.01.2020 14:52
question
Mathematics, 30.01.2020 14:52
question
Spanish, 30.01.2020 14:52
Questions on the website: 13722362