LO.5, 7 On April 3, 2009, Mark filed his 2008 income tax return, which showed a tax due of $80,000. On June 1, 2011, he filed an amended return for 2008 that showed an additional tax of $10,000. Mark paid the additional amount. On May 18, 2012, Mark filed a claim for a 2008 refund of $45,000.

a. If Mark’s claim for a refund is correct in amount, how much tax will he recover?

b. What is the period that government-paid interest runs with respect to Mark’s claim for a refund?

c. How would you have advised him differently?