Identify Which of the Following Statements Is True

question 95

Multiple Choice

Identify which of the following statements is true.

• A)The 90-day letter offers the taxpayer the choice of paying the tax assessed or filing a petition refuting the tax assessment with the Tax Court.
• B)A taxpayer can choose to initiate tax litigation in a U.S. district court, the Tax Court, or a Court of Appeals.
• C)The IRS cannot raise a new tax issue after issuance of the Statutory Notice of Deficiency (90-day letter).
• D)All of the above are false.

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Definitions:

Appliance Circuit

The electrical circuit dedicated to supplying power to an individual appliance, ensuring safety and reliability in its operation.

Neutral Conductors

Conductors connected to the neutral point in a circuit, carrying current only under unbalanced load conditions.

Open Circuit

A break in an electrical circuit preventing current from flowing.

DC Circuit

A circuit that has a constant direction of flow of electric current, typically using direct current (DC) as its power source.