In may 2015 hernando a resident of california has his 2013, Ask an Expert

Accounting

In May 2015, Hernando, a resident of California, has his 2013 Federal income tax return audited by the IRS. An assessment of additional tax is made because he had inadvertently omitted some rental income. In October 2015, California audits his state return for the same year. Explain the coincidence.

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Accounting Basics, Accounting

Category:- Accounting Basics
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