The statute of limitations refers toa:
A)set of provisions that limits a tax return preparer's rights
B)specific period of time within which returns must be filed
C)set of provisions that limits a taxpayer's rights
D)specific period of time within which all taxes must be assessed and collected and all refund claims must be made

Question

Quizplus · Accepted Answer

The statute of limitations in the context of taxes refers to the specific period of time within which the IRS can assess and collect taxes or taxpayers can claim refunds. It limits the time for legal actions related to tax assessments and refunds.

The Statute of Limitations Refers Toa