In the case of bad debts and worthless securities, the statute of limitations on claims for refund is three years.

Name: In the case of bad debts and worthless securities, the statute of limitations on claims for refund is three years.
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Quizplus · Accepted Answer

The statute of limitations for claims for refund related to bad debts and worthless securities is actually seven years from the date the original return was filed or two years from the date the tax was paid, whichever is later.

In the Case of Bad Debts and Worthless Securities, the Statute