Which one of the following statements is false?
A)
The IRS must pay interest on excess withholding of federal income taxes.
B)
If your income is not subject to withholding you must pay estimated taxes.
C)
Employers are required to provide each employee an annual report of his or her wages.
D)
Employers are required to provide each employee an annual report of his or her federal tax withholdings.
A
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Define pattern recognition and describe how you would apply this to opportunities generated for your entrepreneurship.
What will be an ideal response?
What is the most important difference when a business uses Chapter 11 rather than Chapter 7 in
a bankruptcy? A) In Chapter 11, there is never a trustee, whereas in Chapter 7 there is always a trustee. B) In Chapter 11, petitions must be voluntary, whereas Chapter 7 petitions can be either voluntary or involuntary. C) In Chapter 11, all creditors are assured of receiving some payment, whereas in Chapter 7 some creditors may receive nothing. D) In Chapter 11, the business survives, whereas in Chapter 7 the business does not survive.
In which of the following cases will the federal accountant-client privilege protect the information from being disclosed?
a. A criminal case b. A case involving the SEC c. A case concerning the preparation of tax returns d. A civil case involving the IRS
In 1979, the venture capital industry benefited from what action?
a. an economic boom b. the ability of a pension fund to invest in venture capital c. federal fund availability to entrepreneurs d. the ability of small businesses to offer stock