You Have Up to Three Years After Mailing Your Tax

question 68

True/False

You have up to three years after mailing your tax return to file an amended tax return (1040X).

---

Definitions:

Price Level

A measure indicating the average price of goods and services in an economy at a given time.

U.S. Residents

Individuals who live in the United States, including citizens, permanent residents, and long-term visitors.

Aggregate Demand

The amassed demand for all types of goods and services in an economic domain, set at a uniform price level across a certain time range.

Inventories

The goods and materials that a business holds with the purpose of resale or production in the future.