Yang, a Calendar Year Taxpayer, Did Not File a Tax

question 149

True/False

Yang, a calendar year taxpayer, did not file a tax return for 2010 because she honestly believed that no additional tax was due. In 2018, Yang is audited by the IRS and the agent assesses a deficiency of $17,000 for 2010. Yang need not pay this deficiency, since the three-year statute of limitations expired on April 15, 2014, meaning that the IRS no longer can adjust Yang's tax for the 2010 tax year.

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Definitions:

Bond Dissociation Energies

The energy required to break a specific chemical bond in a molecule, indicating the strength of the bond.

Initiation Step

The first stage in a chemical reaction where reactants begin to form intermediates.

Free Radical Chlorination

A chemical reaction involving the substitution of hydrogen atoms in alkanes with chlorine atoms through the action of free radicals, typically used in organic synthesis.

Bonds Formed

The creation of chemical bonds between two or more atoms leading to the formation of molecules or compounds.