Which statement concerning the statute of limitations is not true?
A)The statute of limitations never ends if the return is fraudulent.
B)If an individual (calendar year) taxpayer files a return for calendar year 2011 on March 15, 2012, the IRS normally may not assess an additional tax liability against the taxpayer after April 15, 2015 for reasons other than a false or fraudulent return, no return, or a substantial omission of income.
C)The statute of limitations period does not change regardless of the amount of income that is omitted or deduction improperly claimed.
D)The statute of limitations begins to run only if a return is filed.

Question

Quizplus · Accepted Answer

The statute of limitations period can indeed change based on certain conditions, such as a substantial omission of income. For example, if more than 25% of income is omitted on a tax return, the statute of limitations for the IRS to assess additional tax may be extended.

Which Statement Concerning the Statute of Limitations Is Not True