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Tom,a Calendar Year Taxpayer,filed His 2005 Federal Income Tax Return

Question 122

Essay

Tom,a calendar year taxpayer,filed his 2005 Federal income tax return on April 3,2006.In 2010,the IRS audits this return and assesses an income tax deficiency against Tom.On the grounds that the statute of limitations has run,Tom disputes the assessment.Is Tom correct? Why?

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Tom is correct as to the usual three-yea...

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