BUSA427_Chapter2.docx - BUSA 427 Chapter 2 Ch 2 Question 38 b Partners and partnerships Ch 2 Question 39 d Treasury Regulations Ch 2 Question 40 c

BUSA427_Chapter2.docx - BUSA 427 Chapter 2 Ch 2 Question 38...

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BUSA 427 Chapter 2 Ch. 2: Question 38 b. Partners and partnerships Ch. 2: Question 39 d. Treasury Regulations Ch. 2: Question 40 c. Federal Register Ch. 2: Question 41 d. Tax Court Memorandum Decisions (TCM) (published by Wolters Kluwer) Ch. 2: Question 42 c. United States Tax Court Reports Ch. 2: Question 43 Matthew, being Timothy’s employer, is able to represent Timothy in the audit due to the Treasury Department Circular No. 230, Sec. 10.7. It states that “An individual may represent another individual who is his or her full-time employer…” Ch. 2: Question 44 Marvin may file a claim for a refund because Code Sec. 6511 (a), states that “The claim for a refund must be filed no later than three years from the date the return was filed or no later than two years later from the date the tax was paid, whichever period expires later.” Marvin filed on August 15, 2016, which means he has until August 15, 2019 to file a claim for a refund (this was the later period in this situation). It is only November 13, 2017, so he is still in the window period to file.
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  • Fall '14
  • fabioambrosio
  • Accounting, Taxation in the United States, Steve, United States Department of the Treasury, Marvin

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