All of the Following Statements Relating to Form 870-AD Are

question 45

Multiple Choice

All of the following statements relating to Form 870-AD are true, except:

• A) By signing Form 870-AD, the taxpayer waives restrictions on the assessment and collection of any deficiency.
• B) Form 870-AD stops the running of interest when filed.
• C) Form 870-AD is merely the taxpayer's offer to waive restrictions and interest will run until 30 days after the IRS has accepted the offer.
• D) The taxpayer is not required to sign Form 870-AD if the taxpayer does not agree with the decision at the Appeals level.

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Definitions:

Social Media

comprises online platforms and technologies that facilitate the sharing of ideas, interests, and information through virtual networks and communities.

Fake News

False or misleading information presented as news, often with the intent of manipulating public opinion or obscuring the truth.

Authenticating Act

An action or behavior that serves to verify or affirm the authenticity of a person, product, or entity.

Cultural Traditions

The beliefs, practices, customs, and behaviors passed down through generations within a particular community or society.