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On July 1, Hernandez Files a Refund Claim with the IRS

Question 16

Multiple Choice

On July 1, Hernandez files a refund claim with the IRS, and the IRS agrees with his computations. The IRS can avoid paying any interest to Hernandez if:


A) The total tax involved does not exceed $5,000 (indexed for inflation) .
B) The IRS pays Hernandez the amount owed on August 10.
C) Both a. and b.
D) Neither a. nor b.

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