LO.4, 5, 7 Indicate whether each of the following statements is true or false.

a. The government never pays a taxpayer interest on an overpayment of tax.

b. The IRS can compromise on the amount of tax liability if there is doubt as to the taxpayer’s ability to pay.

c. The statute of limitations for assessing a tax can extend beyond three years from the filing of a return.

d. For a tax return that has not been filed, the statute of limitations is extended to five years from the original due date of the return.