Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Harinder originally reported $39,750 as his adjusted gross income on his 2020 Form 1040. He received another Form W-2 for $500 after he filed his

Harinder originally reported $39,750 as his adjusted gross income on his 2020 Form 1040. He received another Form W-2 for $500 after he filed his original income tax return. Which of the following statements is true?

A. Harinder should use Form 1040X - Amended U.S. Individual Income Tax Return to correct the Form 1040

B. Harinder should file another Form 1040 for 2020

C. Harinder is not required to report the income for 2020 after he files his original Form 1040

D. Harinder should include the $500 on his 2021 Form 1040

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Accounting An Introduction

Authors: Atrill Peter, Eddie McLaney

6th Edition

0273771833, 978-0273771838

More Books

Students also viewed these Accounting questions