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Tax Practice and Ethical Guidelines-Statute of Limitations (LO. 5, 6)In March 2012, Jim asks you to prepare his Federal income tax returns for tax years 2009, 2010, and 2011. In discussing this matter with him, you discover that he also has not filed for tax year 2008. When you mention this fact, Jim tells you that the statute of limitations precludes the IRS from taking any action as to this year.

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Accounting Basics, Accounting

Category:- Accounting Basics
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