Question 1

Jimmy purposely omitted from his 2019 tax return $40,000 of the gross receipts that he collected as the owner of a restaurant. His 2019 return indicated collective gross receipts of $200,000. The IRS nolonger can pursue Jimmy with the threat of collection of the related tax, interest, and penalties, as of April 15 of what year?

Accepted Answer

A) 2022 
B) 2025 
C) 2027 
D) 2028 
E) There is noexpiration date for the statute of limitations in this context.

Question 2

Robert accidentally omitted from his 2019 tax return $80,000 of the gross receipts that he collected as the owner of a restaurant. His 2019 return indicated collective gross receipts of $200,000. The IRS nolonger can pursue Robert with the threat of collection of the related tax, interest, and penalties, as of April 15 of what year?

Accepted Answer

A) 2021 
B) 2024 
C) 2026 
D) 2027 
E) There is noexpiration date for the statute of limitations in this context.

Question 3

After the assessment has been made, the taxes assessed must be collected within:

Accepted Answer

A) 2 years 
B) 10 years 
C) 5 years 
D) 8 years

Question 4

What are the functions performed by the mathematical/clerical error program?

Accepted Answer

The answer of What are the functions performed by the...

Question 5

The National Taxpayer Advocate:

Accepted Answer

A) represents the IRS in Tax Court cases 
B) administers a taxpayer-intervention system 
C) assists the IRS in preparing proposed legislation, treaties, regulations, and executive orders 
D) prepares IRS rulings and other written determinations

Exam 12: Working With the IRS

After the assessment has been made, the taxes assessed must be collected within:

What are the functions performed by the mathematical/clerical error program?

The National Taxpayer Advocate: