Which of the following statements is false? a. An extension request will prevent the taxpayer from...
Which of the following statements is false? a. An extension request will prevent the taxpayer from incurring any penalties. b. The 3-year statute of limitations on additional assessments by the IRS starts on the date the return is filed if the taxpayer files the return late. c. There is no statute of limitations on additional assessments by the IRS if the taxpayer does not file a return. d. All of the above statements are true.
Homework Answers
Answer is d)
All of the above statements are true
An extension request will prevent the taxpayer from incurring any penalties . The 3 year due date starts from the date the return is filed if the return is filed later. There is no statute of limitations if the tax payer does not file a return. Hence answer is d) All of the above.
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