The statute of limitations


Tom, a calendar year taxpayer, filed his 2006 federal income tax return on April 1, 2007. In 2011, 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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Accounting Basics: The statute of limitations
Reference No:- TGS0698005

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