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:

Isopropyl Alcohol

A colorless, flammable chemical compound with strong antiseptic properties, commonly used as a disinfectant and cleaning agent.

Spirometry

A test used to measure breathing capacity.

Tight Clothing

Apparel that fits very closely to the body, often stretching to conform to the body's shape.

Nose Clip

A device designed to clamp the nostrils closed to prevent the entry of water or to block smells, often used during swimming or in environments with unpleasant odors.