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Steve Files His Return on April 1 and Pays the Entire

Question 13

Multiple Choice

Steve files his return on April 1 and pays the entire amount of tax for the year at that time, $5,000. He is audited and pays the deficiency of $1,500 two years later. The maximum amount Steve may file a claim for refund for eighteen months later is


A) $6,500.
B) $5,000.
C) $1,500.
D) some other amount.

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