Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) Signing of Form 870- AD by the taxpayer does not generally preclude the subsequent filing of a refund claim.
B) Form 870- AD is used if the taxpayer and IRS representative agree to a lesser tax liability than that originally proposed by the Service.
C) The IRS will issue a 90- day letter (a Statutory Notice of Deficiency) if the taxpayer does not file a protest letter within 10 days of the date of the 30- day letter.
D) All of the above are false.

Correct Answer:

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