BUS 1215-Lisa Sizemore, a taxpayer in the 10-15 percent
by | Mar 18, 2020 | Uncategorized
Ethics response how would you respond to this? Need help on how to respond to this question. Thanks
Lisa Sizemore, a taxpayer in the 10-15 percent tax bracket, purchased stock as an investment on July 11, 2013. She sold the stock on July 9, 2014, 2 days before qualifying for the long-term holding period. If Lisa had waited until July 12, 2014 to sell the stock, she would have qualified for the 0 percent tax rate. Instead, the sale will now bet axed at ordinary income rates. Upon realizing this, Lisa has told you that she will ”fudge” the sale date to July 12. She says you “What’s the big deal? It’s just 2 days. “What would you say to Lisa?
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