In the absence of fraud, the normal statute of limitation on an IRS audit is:

A.) 2 years

B.) 3 years

C.) 5 years

D.) 10 years

E. none of the above

There is often a fine line between tax avoidance and tax evasion. Which of the following acts would indicate tax evasion?

A.) transaction designed to alleviate the burden of tax

B.) records kept in a manner as to conceal the nature of a transaction

C.) transaction designed to minimize the effects of new tax law

D.) all of the above