What is the last day on which must file an amended

Assignment Help Accounting Basics
Reference no: EM132476619

point 1: Reginal filed his 2018 income tax return on January 15, 2019. On November 1, 2019, he learned that his investment of $10,000 in 1,000 shares of Ultimate Corp. had become worthless in 2018.

Problem 1: What is the last day on which he must file an amended 2018 return to claim this loss?

Reference no: EM132476619

Questions Cloud

How to measure gini coefficient : Internationally, Gini coefficient is a measure of income inequity. It is between zero and one.
What is Opals deduction for organizational expenditures : Expenses of temporary directors and organizational meetings = $8,000. Assuming a section 248 election, what is Opals deduction for organizational expenditures
What is cost of revenue in the income statement : If a company is a consulting company, what's its cost of revenue in the income statement? (For example, the office rent expense, the salary for the non-officer)
Describe two real world shortages that you have encountered : In a free market, what causes shortages? Describe two real world shortages that you have encountered in your own personal or professional life.
What is the last day on which must file an amended : What is the last day on which he must file an amended 2018 return to claim this loss? Reginal filed his 2018 income tax return on January 15, 2019.
What was the total predetermined overhead rate : CLAW Corporation is a manufacturer of industrial equipment, located in Toronto, Ontario. What was the total predetermined overhead rate
Journalize the adjusting entry on december : Journalize the adjusting entry on December 31. On November 1, Moore Company received $24,600 for six months of rent in advance.
Prepare the Statement of Partners Capital Balances : Rick, Mary, and Joe formed a partnership on January 1, 2017, with investments of $100,000, $150,000, Prepare the Statement of Partners Capital Balances
What is the equity at year-end : Company's assets are $300,000 and the its equity is 100,000. during the year, asset increase $800,000 and liabilities increase to $50,000.What is the equity?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd