In May 2022, Hernando, a resident of California, has his 2020 Federal income tax return audited by
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In May 2022, Hernando, a resident of California, has his 2020 Federal income tax return audited by the IRS. An assessment of additional tax is made because he inadvertently omitted some rental income. In October 2022, California audits his state return for the same year. Explain the coincidence.
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Related Book For 
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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