Yang, a calendar year taxpayer, did not file a tax return for 2010 because she honestly believed that no additional tax was due. In 2018, Yang is audited by the IRS and the agent assesses a deficiency of $17,000 for 2010 . Yang need not pay this deficiency, since the three-year statute of limitations expired on April 15, 2014, meaning that the IRS no longer can adjust Yang's tax for the 2010 tax
year.
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: The statute of limitations never expires if no return has been filed.
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Administrative agencies can not make legislative rules, or substantive rules, that are as legally binding as laws that the Congress passes.
Answer the following statement true (T) or false (F)
Based on the information in Table 4-1, the times interest earned ratio is
A) 12.33 times. B) 23.75 times. C) 32.33 times. D) 19.00 times.
A company that you are following in anticipation of making an investment therein has just announced an unexpected dividend increase. You believe that you have one week to purchase the stock before the market price increases in reaction to the news
This behavior PROVES that the market is at least ________ form efficient. A) weak B) semi-strong C) strong D) This behavior proves nothing. We still don't know the level of market efficiency.
In Harris v. Forklift Systems, Harris successfully sued her boss for quid pro quo discrimination when he insisted on sex as a basis for a promotion
a. True b. False Indicate whether the statement is true or false