Match the statements that relate to each other. Note: Some choices may be used more than once.
A. Late filing and statute limitations (deficiency situations)
B. Early filing and statute of limitations (deficiency situations)
C. Negligence penalty
D. Failure to file penalty
E. Failure to pay penalty
F. Office audit
G. Field audit
H. More than 25% gross income omission and statute of limitations
I. Interest due on refund
J. Fraud and statute of limitations
K. No return and statute limitations
L.
M. Criminal fraud penalty
A. Three years from date return is filed
B. Three years from due date of return
C. 20% of underpayment
D. 5% per month (25% limit)
E. 0.5% per month (25% limit)
F. Conducted at IRS office
G. Conducted at taxpayer’s office
H. Six years
I. 45-day grace period allowed to IRS
J. No statute of limitations (period remains open)
K. No statute of limitations (period remains open)
L. 75% of underpayment
M. No correct match provided
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Which of the following is a characteristic of purchase panels (Table 4.3 in the text)?
A) household purchases recorded through electronic scanners in supermarkets B) households provide specific information regularly over an extended period of time; respondents asked to record specific behaviors as they occur C) verification of product movement by examining physical records or performing inventory analysis D) data banks on industrial establishment created through direct inquiries of companies, clipping services, and corporate reports
What is the primary focus of a competitor-centered company?
What will be an ideal response?
Favorable variances are represented by debit balances in the overhead account
Indicate whether the statement is true or false
A principle that states that a subordinate has only one supervisor to whom he or she is directly responsible is called:
A) functional authority. B) span of control. C) division of work. D) work simplification. E) unity of command.