If an individual paid income tax in 2014 but did NOT file a 2014 return because his income was insufficient to require the filing of a return, the deadline for filing a refund claim is
a. Two years from the date the tax was paid.
b. Two years from the date a return would have been due.
c. Three years from the date the tax was paid.
d. Three years from the date a return would have been due.
Answer: A
Tax
- The uniform capitalization method must be used by I. Manufacturers of tangible personal property. II. Retailers of personal property with $2 million dollars in average annual gross receipts for the three preceding years.
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- Which of the following taxpayers may use the cash method of accounting?
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- Income in respect of a cash-basis decedent
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