Identify Which of the Following Statements Is True

question 84

Multiple Choice

Identify which of the following statements is true.

• A) Treasury Department Circular 230 regulates the practice of attorneys, CPAs, enrolled agents, and enrolled actuaries before the IRS.
• B) The IRS is precluded from assessing any residual tax liability against transferees and fiduciaries because the initial filers are responsible for meeting the tax payments in a timely fashion.
• C) The "innocent spouse provision," if applicable, relieves both spouses from an assessment of tax caused by a spouse's understating income or gain and/or overstating deductions, losses, or credits.
• D) All of the above are false.

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Definitions:

Ninth and Tenth Cavalries

Two regiments of the United States Army, formed after the Civil War, known as Buffalo Soldiers and comprised mainly of African American soldiers.

Rough Riders

A volunteer cavalry regiment, commanded by Theodore Roosevelt, that served in the Spanish-American War in 1898.

Battle of Las Guasimas

An engagement between American and Spanish forces during the Spanish-American War in 1898, marking one of the first land battles of the conflict in Cuba.

Fixed-Ratio Schedule

A reinforcement schedule in behaviorism where a response is reinforced only after a specified number of responses.