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.

---

Definitions:

Standard Modules

Reusable blocks of code in a programming environment that perform a particular function and can be incorporated into applications.

Macros

Automated sequences of actions or commands designed to simplify repetitive tasks in software applications.

VBA Keyword

Specific words or phrases reserved by Visual Basic for Applications (VBA) used to perform certain actions or to denote specific functions in code.

Function Procedure

A specific subroutine within programming that performs a task and can return a result, often used interchangeably with "function."