Unformatted text preview: ot;a", "b", and "d" are incorrect. Each of these answers treats I or II incorrectly. CPA-02124 Type1 M/C A-D 43. CPA-02124 ARE Nov 94 #54 Corr Ans: C PM#59 R 3-01 Page 32 Jackson Corp., a calendar year corporation, mailed its 1993 tax return to the Internal Revenue Service by
certified mail on Friday, March 11, 1994. The return, postmarked March 11, 1994, was delivered to the
Internal Revenue Service on March 18, 1994. The statute of limitations (for assessments) on Jackson's
corporate tax return begins on:
d. December 31, 1993.
March 11, 1994.
March 16, 1994.
March 18, 1994. CPA-02124
Choice "c" is correct. The 1993 return of a calendar year corporation is due on March 15, 1994, so the
statute of limitations begins on the next day, March 16, 1994. 19
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Becker CPA Review, PassMaster Questions
Lecture: Regulation 3 Rule: The statute of limitations...
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