Brianna, a calendar year taxpayer, files her income tax return for 2020 on February 3, 2021. Although
Question:
Brianna, a calendar year taxpayer, files her income tax return for 2020 on February 3, 2021. Although she makes repeated inquiries, she does not receive her refund from the IRS until May 28, 2021. Is Brianna entitled to interest on the refund? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Brianna a calendar year taxpayer is entitle for no interest as per subsection a on the overpaym...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
Question Posted:
Students also viewed these Business questions
-
Brianna, a calendar year taxpayer, files her income tax return for 2015 on February 3, 2016. Although she makes repeated inquiries, she does not receive her refund from the IRS until May 28, 2016. Is...
-
Y 100-x Mr. Kat, a resident of Meowville, can consume electricity (x) and natural gas (y). His utility function is U (x, y) Suppose that the price of electricity is p, the price of natural gas is py,...
-
In Problems 1968, solve each equation, if possible. -4 x + 4 || -3 x+6
-
Which of the following entities are subject to income tax? (a) Proprietorship (b) Individual (c) Joint venture (d) Trust (e) Limited partnership (f) Corporation (g) Partnership
-
Use the data in Short Exercise S12-10 to prepare Millbrook Golf Club, Inc.'s, statement of cash flows for the year ended June 30, 20X9. Millbrook uses the direct method for operating activities. Use...
-
What are seconds? LO.1
-
The Repo 105 transactions reduced Lehmans net leverage ratio from 17.8 to 16.1 at the end of fiscal 2007. Do you believe that was a material difference? Why or why not?
-
Pension funds can immunize their portfolio by matching the _______ of their assets and liabilities. yields to maturity times to maturity durations coupon rates
-
Design a layout on a 2 x 3 grid that satisfies thesepreferences. Department A Department B Department C Department D Department E O XAXI Department
-
For tax year 2019, the IRS assesses a deficiency against David for $500,000.Disregarding the interest component, what is Davids penalty if the deficiency is attributable to: a. Negligence? b. Fraud?
-
Regarding the statute of limitations on additional assessments of tax by the IRS, determine the applicable period in each of the following situations. Assume a calendar year individual with no fraud...
-
Did the company report a profit or a loss for this accounting period? What other performance indicators were reported? Is the companys performance improving or declining?
-
The problem I have identified is that healthcare leaders could benefit from addressing the issue of stress and burnout, which impact revenue (Scott, 2022). I have found a peer-reviewed article...
-
Facebook, Inc is the company Complete a 3-5 year forecast for your target company assuming a 10% average growth rate for the duration of the forecast period Assuming a long-term growth rate of 5%...
-
BSC-It is important for healthcare leaders to link their departmental balanced scorecard (BSC) to a corporate BSC because it facilitates alignment with the overall strategic objectives of the...
-
Hebert Company adds material at the beginning of production. The following production information is available for March: Beginning Work in Process Inventory (40% complete as to conversion) Started...
-
What modifications would you suggest the leaders of the steel organization when dealing with the use of more efficient technology, carbon emissions, and negative economic impacts in order tomake in...
-
Find the area of the following regions. In each case, graph the curve(s) and shade the region in question. The area that is inside both the cardioids r = 1 - cos and r = 1 + cos
-
What is the role of business risk analysis in the audit planning process?
-
In the current year, Juanita and Joseph form a two-member LLC and do not file Form 8832 (Entity Classification Election). As a result, the LLC will be treated as a partnership for Federal tax...
-
A personal service corporation (PSC) generally is limited to the calendar year for reporting purposes. One exception to this rule is when the PSC can demonstrate a business purpose for a fiscal...
-
A new client, John Dobson, recently formed Johns Premium Steakhouse, Inc., to operate a new restaurant. The restaurant will be a first-time business venture for John, who recently retired after 30...
-
Which of the following journal entries will record the payment of a $1,500 salaries payable originally incurred for Salaries Expense? Select one: A. Debit Salaries Expense; credit Salaries Payable B....
-
What is the definition of substantially appreciated inventory? A. Inventory with a FMV greater than its basis B. Inventory and unrealized receivables with a FMV greater than their basis C. Inventory...
-
Case Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model: Cost Components Regular Deluxe Direct materials Lumber 2 board...
Study smarter with the SolutionInn App