If Fraud Is Involved, There Is No Time Limit on the Assessment

question 168

True/False

If fraud is involved, there is no time limit on the assessment of a deficiency by the IRS.

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Definitions:

Acute Stress Disorder

A mental health condition characterized by immediate psychological distress following exposure to a traumatic event, lasting from three days to one month.

Post-Traumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event.

Dissociative Disorders

A group of mental disorders characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Dissociative Identity Disorder

A disorder characterized by the presence of two or more distinct personality states that control a person's behavior in different contexts.