Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 29, 2022

Diana is a sole proprietor with a farming net operating loss in2020. If she wants to file Form 1045 to carry her loss back, what

Diana is a sole proprietor with a farming net operating loss in2020. If she wants to file Form 1045 to carry her loss back, what is her filing deadline?
December 31, 2020

a. October 15, 2021

b. December 31, 2021

c. October 15, 2024

Step by Step Solution

★★★★★

3.41 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

he deadline for filing a Form 1045 is normally only 12 months from the ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of the Legal Environment of Business

Authors: Marianne M. Jennings

3rd edition

130511745X, 978-1305465251, 1305465253, 978-1305117457

More Books

Students also viewed these Accounting questions

Question

★★★★★

Bryant Gunderson is a sole proprietor with a successful bungee-jumping business. He is considering incorporating his business. What levels and sources of law would affect and govern the process of...

Answered: 1 week ago

Question

★★★★★

Sam is a sole proprietor who owns, leases, and manages several apartment complexes and office buildings. During the current year, Sam incurs the following expenses. Which of these expenditures are...

Answered: 1 week ago

Question

★★★★★

Robert is a sole proprietor who uses the calendar year as his tax year. On July 20, 2015 he acquired and placed in service a business machine, a 7-year asset, for $50,000. No other property was...

Answered: 1 week ago

Question

★★★★★

The cable of the 1800 kg elevator cab in Figure snaps when the cab is at rest at the first floor, where the cab bottom is a distance d = 3.7 m above a spring of spring constant k = 0.15 MN/m. A...

Answered: 1 week ago

Question

★★★★★

At the beginning of each year, an investment newsletter predicts whether or not the stock market will rise over the following year. Historical evidence reveals that there is a 60% chance of the...

Answered: 1 week ago

Question

★★★★★

Short-term interest rates are currently very low and you are offered a three-month loan. State your views. AppendixLO1

Answered: 1 week ago

Question

★★★★★

Let the sample space for an experiment be the set of positive integers, and consider the sequence of events {An}n1 defined in it, where An is given by Show that {An}n1 is a monotone sequence and find...

Answered: 1 week ago

Question

★★★★★

Open the Multiplication Solution.sln file contained in the VB2017\Chap05\Multiplication Solution folder. Code the application to display a multiplication table similar to the one shown in Figure...

Answered: 1 week ago

Question

★★★★★

You plan to purchase a house for $190,000 using a 30 -year mortgage obtained from your local bank. You will make a down payment of 10 percent of the purchase price. You will not pay off the mortgage...

Answered: 1 week ago

Question

★★★★★

Volkswagen AG and Daimler AG, both based in Germany, are two of the largest automobile manufacturers in the world. The following information was provided in each companys 2016 annual report. * In...

Answered: 1 week ago

Question

★★★★★

Prepare a balance sheet Data table Payments of cash: Acquisition of equipment Dividends Retained earnings August 1, 2022 Retained earnings August 31, 2022 Utilities expense Adjustments to reconcile...

Answered: 1 week ago

Question

★★★★★

JigSaw Puzzle Company produces puzzles in small batches. The company uses operation costing and manufactures their puzzles in four operations. In the Cutting operation, the puzzle pieces are cut to...

Answered: 1 week ago

Question

★★★★★

11 volume and surface area en: Problem 5 Previous Problem Problem List Next Problem (1 point) Consider the following set. =x}. D= {(x, y, z) | the solid shape which is enclosed by the paraboloid z =...

Answered: 1 week ago

Question

★★★★★

When would each approach be appropriate. Let nature take its course . Allowing those who will be affected by change to recognize and to adjust to the implications in their own time. Attraction...

Answered: 1 week ago

Question

★★★★★

Could you pls answer the following as a DQ Many security vendors and researchers now post regular online podcasts about security. Locate and listen to at least three different podcasts concerning the...

Answered: 1 week ago

Question

★★★★★

A manufacturer designs a cylindrical can with no top. The surface area of the can is 479 cm. The can has base radius r centimetres. a) Write a polynomial function to model the capacity, C cubic...

Answered: 1 week ago

Question

★★★★★

Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in...

Answered: 1 week ago

Question

★★★★★

Organizations are increasing their use of personality tests to screen job applicants. What are some of the advantages and disadvantages of this approach? What can managers do to avoid some of the...

Answered: 1 week ago

Question

★★★★★

Peter Sunde, Fredrik Neij, and Carl Lundstrom are four Swedish lads who operated the Pirate Bay website. Pirate Bay allowed its users to have free access to copyrighted movies and music. The site had...

Answered: 1 week ago

Question

★★★★★

Northland Ford Dealers sponsored a hole-in-one contest at the Moccasin Creek Country Club in South Dakota. The contest winner would receive a new Ford Explorer. Jennifer Harms registered for the...

Answered: 1 week ago

Question

★★★★★

Casimer Gacioch began working for Stroh Brewery on February 24, 1947. When he began his work for Stroh, he was predisposed to alcoholism, but he had not yet become an uncontrolled alcoholic. Beer was...

Answered: 1 week ago

Question

★★★★★

Calculate the missing values for the promissory notes described

Answered: 1 week ago

Question

★★★★★

Seth had accumulated Canada Student Loans totalling $5200 by the time he graduated from Mount Royal College in May. He arranged with the National Student Loans Service Centre to select the...

Answered: 1 week ago

Question

★★★★★

Harjap completed his program at Nova Scotia Community College in December. On June 30, he paid all of the interest that had accrued (at prime plus 2.5%) on his $5800 Canada Student Loan during the...

Answered: 1 week ago

Previous Question Next Question