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:

Tripeptide

A peptide consisting of three amino acids linked together by peptide bonds, important in various biological processes.

Chymotrypsin

Chymotrypsin is a digestive enzyme that breaks down proteins in the small intestine.

Peptide

A short chain of amino acids linked by peptide bonds, forming the building blocks of proteins.

Ninhydrin

A chemical reagent used to detect amino acids and proteins by producing a deep blue-violet color.