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Question - On April 3, 2008, Mark filed his 2007 Income tax return, which showed a tax due of $80,000. On June 1, 2010, he filed an amended return for 2007 that showed an additional tax of $10,000. Mark paid the additional amount. On May 18, 2011, Mark filed a claim for a 2007 refund of $45,000.

a. If Mark's claim for a refund is correct in amount, how much tax will he recover?

b. What is the period that government paid interest runs with respect to Mark's claim for a refund?

c. How would you have advised him differently?

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