There is no limitation on the period for assessment:
A) If the taxpayer omits from gross income an amount which is in excess of 25 percent of the amount of gross income stated on the return.
B) In the case of a deﬁciency attributable to the application of a carryback (capital loss, net operating loss, or investment credit carryback).
C) If the taxpayer ﬁles a false return.
D) If a personal holding company fails to ﬁle with its return a schedule regarding its status as a personal holding company.
E) In all of the above cases.

Question

Quizplus · Accepted Answer

There is no limitation on the period for assessment if the taxpayer ﬁles a false return.

There Is No Limitation on the Period for Assessment