Terry Files His Return on March 31

question 47

Multiple Choice

Terry files his return on March 31. The return shows taxes of $6,000, and Terry pays this entire amount when he files his return. By what time must he file a claim of refund?

• A) four years from the payment of tax date, if the IRS mails a notice of deficiency
• B) the later of three years from the return due date or two years from the date the tax is paid
• C) two years from the payment of tax date, if the IRS mails a notice of deficiency in the third year following the due date of the return
• D) the later of two years from the return filing or three years from the date the tax is paid

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