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:

Population

The entire group of individuals or instances about which scientists are interested and wish to draw conclusions in statistical studies.

Sample Group

A subset of a population selected for participation in a study, representing the larger population from which it was drawn.

Median

The middle value in a dataset when it has been arranged in ascending or descending order.

Descriptive Statistic

A brief summary statistic that quantitatively describes or summarizes features from a collection of information.