If an Income Tax Return Is Not Filed by a Taxpayer

question 78

True/False

If an income tax return is not filed by a taxpayer, there is no statute of limitations on assessments of tax by the IRS.

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Definitions:

Quasikin

Individuals who are not related by blood or marriage but are considered as family due to close bonds or social relationships.

Step Friends

A term that is not commonly defined in conventional dictionaries; could be a typographical error or a very niche term without a widely recognized definition. NO.

Kinkeepers

Family members who take on the role of maintaining family traditions, communication, and bonds among relatives.

Decision-making Power

Refers to the ability or authority to make decisions that influence outcomes within various contexts such as organizations, families, or individual lives.