Identify Which of the Following Statements Is False

question 48

Multiple Choice

Identify which of the following statements is false.

• A)A Technical Advice Memorandum may be requested by an IRS auditor if the transaction in question involves an especially complex tax issue.
• B)If the taxpayer being audited does not concur with the proposed assessment, the Service is required to send the taxpayer a 30-day letter detailing the proposed changes and the available appeals process.
• C)During the audit process, if the taxpayer concurs with the assessment of tax by the IRS and signs Form 870 (Waiver of Restrictions on Assessment and Collection of Deficiency in Tax), then the taxpayer is precluded from filing a refund suit.
• D)Interest on a deficiency accrues from the due date of the return through the payment date.

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Definitions:

Business Invitee

A business invitee is a person who enters commercial premises for the purpose related to the business, whom the owner owes a duty of care regarding the safety of the premises.

Business Guest

A visitor, typically invited to a company or organization for business-related purposes, such as meetings, conferences, or collaborations.

Rabbit Food

Informal term often used to describe vegetables or greens commonly fed to rabbits, sometimes humorously applied to vegetarian or health-focused meals.

Paralegal Work

Professional legal work performed by a paralegal, who is trained in legal matters but not fully qualified as a lawyer.