2025 GL1 TEST FINAL GAME

Front

Which situation first requires a statutory notice of deficiency to be provided to the taxpayer before the IRS may assess? Options: Math error on a filed return, Balance due shown on a filed return, An employment tax liability, None of the above

Back

None of the above

Front

What is the statute of limitations for assessment if the T/P does not file a return?

Back

None of the above

Front

Written approval by Area Counsel is required for all jeopardy assessments.

Back

True

Front

The IRS has the authority to abate the unpaid portion of an assessed tax if: The tax is excessive in amount, The tax is assessed after the expiration of the Assessment Statute Expiration Date (“ASED”), The tax is erroneously or illegally assessed.

Back

All of the above.

Front

A certified transcript (i.e., Forms 2866 and 4340) constitutes presumptive evidence of a valid assessment.

Back

True

Front

A Notice of Federal Tax Lien (“NFTL”) must be filed in order for the federal tax lien to have priority over any other interest.

Back

False