Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

Exercise 39

Indicate whether the following statements are true or false:
a. The government never pays a taxpayer interest on an overpayment of tax.
b. Penalties may be included as an itemized deduction on an individual's tax return.
c. An extension of time for filing a return results in an automatic extension of the time in which the tax
may be paid.
d. The statute of limitations for assessment of taxes never extends beyond three years from the filing of a return.
e. There is no statute of limitations relative to a taxpayer's claim for a refund.