Barbara found a 1099-Int from her bank while spring cleaning. She knew right away that she did not give this to her accountant for her tax preparation. What can she expect from the IRS?
A) A bill from the IRS for underpayment of tax plus interest and penalty
B) A refund from the IRS
C) A bill from the IRS for underpayment of tax but no interest or penalty charges since she made the mistake unknowingly
D) A letter informing her that she submitted an incorrect tax return
Correct Answer:
Verified
Q74: Which of the following retirement accounts allows
Q75: Which of the following is not deductible
Q76: Which of the following is considered tax
Q77: Which action is against the law and
Q78: For most taxpayers, their biggest tax shelter
Q79: All tax audits by the IRS are
A)
Q80: A taxpayer can reduce his or her
Q81: Anita contributes 5% of her salary to
Q82: Melissa does not receive employer-funded health-care benefits.
Q84: Amber and Trent are married filing a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents