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:

Neutral Conductor

A conductor that carries only the imbalance of current between the live conductors in a multiphase system, and is at ground potential.

Negative-Sequence Harmonic

Causes the rotating magnetic field of a polyphase motor to rotate in a direction opposite that of the fundamental frequency.

Fundamental Frequency

The lowest frequency of a periodic waveform, representing the greatest common divisor of the frequencies of all components of the waveform.

Odd Multiples

Refers to numbers or values that are not divisible by two and are multiples of a given number, often appearing in patterns or sequences.