Question

Jasper and Crewella Dahvill were married in year 0. They filed joint tax returns in years...

Jasper and Crewella Dahvill were married in year 0. They filed joint tax returns in years 1 and 2. In year 3, their relationship was strained and Jasper insisted on filing a separate tax return. In year 4, the couple divorced. Both Jasper and Crewella filed single tax returns in year 4. In year 5, the IRS audited the couple’s joint year 2 tax return and each spouse’s separate year 3 tax returns. The IRS determined that the year 2 joint return and Crewella’s separate year 3 tax return understated Crewella’s self-employment income, causing the joint return year 2 tax liability to be understated by $4,000 and Crewella’s year 3 separate return tax liability to be understated by $6,000. The IRS also assessed penalties and interest on both of these tax returns. Try as it might, the IRS has not been able to locate Crewella, but they have been able to find Jasper. (Leave no answer blank. Enter 0 if applicable.)a. What is the maximum amount of tax that the IRS can require Jasper to pay for the Dahvill’s year 2 joint return?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Bill and Karen Green filed a joint return showing Karen's wages of $50,000 and Bill's self-employment...
Bill and Karen Green filed a joint return showing Karen's wages of $50,000 and Bill's self-employment income of $10,000. The IRS audited their return and found that Bill did not report $20,000 of self-employment income. The additional income resulted in a $6,000 understated tax, plus interest and penalties. After obtaining a legal separation from Bill, Karen filed Form 8857 - Request for Innocent Spouse Relief to request separation of liability relief. The IRS proved that Karen actually knew about the...
Bob and Donna have been married for 35 years and have filed joint returns since their...
Bob and Donna have been married for 35 years and have filed joint returns since their marriage. the couple has 3 children: Jack age 11, Bonnie age 16, and Margie age 22. All 3 children live with Bob and Donna. Margie is a full time student and is married. She and her husband live with Bob and Donna and they file a joint return. They have a $2000 tax liability for the year. Can Bob and Donna claim Margie as...
During​ 2015, the Smiths and the Jones both filed joint tax returns. For the tax year...
During​ 2015, the Smiths and the Jones both filed joint tax returns. For the tax year ended December​ 31, 2015, the​ Smiths' taxable income was $137,000​, and the Jones had total taxable income of $68,500. a. Using the federal tax rates given in Table​ 1.2, LOADING... ​, for married couples filing joint​ returns, calculate the taxes for both the Smiths and the Jones. b. Calculate and compare the ratio of the​ Smiths' to the​ Jones' taxable income and the ratio...
During​ 2015, the Smiths and the Jones both filed joint tax returns. For the tax year...
During​ 2015, the Smiths and the Jones both filed joint tax returns. For the tax year ended December​ 31, 2015, the​ Smiths' taxable income was $105,000​, and the Jones had total taxable income of $52,500. a. Using the federal tax rates given in Table​ 1.2,    Taxable Income Tax Rates   Joint Returns 10%   $0 to $18,150 15%   $18,151 to $73,800 25%   $73,801 to $148,850 28%   $148,851 to $226,850 33%   $226,851to $405,100 35%   $405,101 to $457,600 39.6%   Over $457,600 ​, for...
During​ 2018, the Smiths and the Joneses both filed joint tax returns. For the tax year...
During​ 2018, the Smiths and the Joneses both filed joint tax returns. For the tax year ended December​ 31, 2018, the​ Smiths' taxable income was $106,000​, and the Jones had total taxable income of $53,000. a. Using the federal tax rates given in Table​ 1.2, LOADING... ​, for married couples filing joint​ returns, calculate the taxes for both the Smiths and the Joneses. b. Calculate and compare the ratio of the​ Smiths' to the​ Joneses' taxable income and the ratio...
9-Jamel and Jennifer have been married 30 years and have filed a joint return every year...
9-Jamel and Jennifer have been married 30 years and have filed a joint return every year of their marriage. Their three daughters, Jade, Lindsay, and Abbi, are ages 12, 17, and 22 respectively and all live at home. None of the daughters provide more than half of her own support. Abbi is a full-time student at a local university and does not have any gross income. How many of the daughters qualify as dependents of Jamel and Jennifer? 10-Jamel and...
Bob and Donna have been married for 35 years and have filed joint returns since their...
Bob and Donna have been married for 35 years and have filed joint returns since their marriage. the couple has 3 children: Jack age 11, Bonnie age 16, and Margie age 22. All 3 children live with Bob and Donna. Margie is a full time student with no income. how many personal exemptions can Bob and Donna claim?
Gwen Gullible was married to Darrell Devious. Theydivorcedtwo years ago. Three years ago (the yearbefore their...
Gwen Gullible was married to Darrell Devious. Theydivorcedtwo years ago. Three years ago (the yearbefore their divorce), Darrell received a $250,000 retirement plan distribution, of which $50,000 wasrolled over into an IRA. At the time, Gwen was aware of the retirement funds and the rollover. Thedistributionwas used to pay off the couple’smortgage, purchase a car, andpayfor living expenses.Darrell prepared the couple’s joint return,andGwen asked him about the tax ramifications of theretirement distributions. He told her he had consulted a CPA...
TICKET TO HEAVEN Your client a pastor has not filed tax returns for the following years....
TICKET TO HEAVEN Your client a pastor has not filed tax returns for the following years. He is married. There combined income is follows:                         Wife Salary     Pastor’ Salary              Parsonage Allowance 2013                18000              23500                          9500 2014                18500              22,000                         8,500 2015                20,000             24,000                         8700 2016                25,000             26,000                         9,500 2017                26,000             30,000                         12,000 2018                32,000             35,000                         18,000 2019                35,000             38,500                         24,000 Pastor built his own home in 2015 and there was no mortgage on the house. The wife works as a...
In 2010, the IRS sampled 308,946 tax returns to obtain estimates of various parameters. Data were...
In 2010, the IRS sampled 308,946 tax returns to obtain estimates of various parameters. Data were published in a document that said the mean income tax per return for the returns sample was $11,266. 1. Explain the meaning of sampling error in this context. 2. If, in reality, the population mean income tax per return in 2010 was $11,354, how much sampling error was made in estimating that parameter by the sample mean of $11,266? 3. If the IRS had...