Multiple Choice
Match the statements that relate to each other.Note: Some choices may be used more than once.
-No return and statute limitations
A) Three years from date return is filed
B) Three years from due date of return
C) 20% of underpayment
D) 5% per month (25% limit)
E) 0.5% per month (25% limit)
F) Conducted at IRS office
G) Conducted at taxpayer's office
H) Six years
I) 45-day grace period allowed to IRS
J) No statute of limitations (period remains open)
K) 75% of underpayment
L) No correct match provided
Correct Answer:

Verified
Correct Answer:
Verified
Q2: No state may offer an income tax
Q3: Using the following choices, show the justification
Q4: The amount of a taxpayer's itemized deductions
Q5: The annual exclusion, currently $15,000, is available
Q6: Using the following choices, show the justification
Q8: If more IRS audits are producing a
Q9: If a tax deficiency is attributable to
Q10: The United States (either Federal, state, or
Q11: The Federal income tax on individuals generates
Q12: The objective of pay-as-you-go (paygo) is to