Question
The statute of limitations is three years, and it runs for six years if a taxpayer omits gross income in excess of 25% of the
The statute of limitations is three years, and it runs for six years if a taxpayer omits gross income in excess of 25% of the gross income reported on the return. There is no statute of limitations if the taxpayer willfully defrauds the government.
True or False
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett, Otgo Erhemjamts
11th International Edition
9781266138225
