The usual three-year statute of limitations on additional tax assessments applies in the following situation(s). a. No
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Question:
The usual three-year statute of limitations on additional tax assessments applies in the following situation(s).
a. | No return at all is filed. | |
b. | An investment in marketable security is worthless. | |
c. | The taxpayer discovers an inadvertent overstatement of deductions equal to 30% of gross income. | |
d. | The taxpayer inadvertently omits an amount of gross income equal to 30% of the gross income stated on the return. |
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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