During a field examination of GNT's income tax returns for 2015 and 2016, the revenue agent discovered

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During a field examination of GNT's income tax returns for 2015 and 2016, the revenue agent discovered that the treasurer had systematically omitted substantial income items and inflated deductions to minimize the corporation's tax. The agent suspects that the treasurer adopted this deliberate course of action as early as 2009. Can the IRS initiate an audit of GNT's tax returns all the way back to 2009? Explain briefly.

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Principles Of Taxation For Business And Investment Planning 2019 Edition

ISBN: 9781260161472

22nd Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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