Duane paid his 2004 Federal income taxes in January 2007 in the amount of $10,000, and then
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Duane paid his 2004 Federal income taxes in January 2007 in the amount of
$10,000, and then paid $4,000 interest and penalties on this amount in May 2008. In April 2010, Duane filed a claim for refund of the $14,000, due to a sizable operating loss from his business in tax year 2009. Can he recover the 2004-related amounts?
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Related Book For
Federal Tax Research
ISBN: 9780324659658
8th Edition
Authors: William A. Raabe, Gerald E. Whittenburg, Debra L. Sanders
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