b. Rev.Rul. 2012–15, 2012–23 I.R.B. 975.Revenue procedure number15Page975Issue week23c. Ltr.Rul. 200204051.Letter ruling51Issue week4Year200212.Correct answer:volume numberpage numberIRS disagreed with the decisionYour answer:eBookDiscussion Question 2-21 (LO. 2)In the citation Schuster's Express, Inc., 66 T.C. 588 (1976), aff'd562 F.2d 39 (CA–2, 1977), nonacq., complete the sentence below that outlines to what 66, 39, and nonacq.refer.The 66 refers to thevolume number, 39 refers to thepage numberand nonacq. means that theIRS disagreed with the decision.13.Correct answer:No. There is no statute of limitations if a return is not filed.FalseTrueYour answer:eBookDiscussion Question 1-44 (LO. 5, 6)In March 2015, Jim asks you to prepare his Federal income tax returns for tax years 2012, 2013, and 2014. In discussing this matter with him, you discover that he also has not filed for tax year 2011. When you mention this fact, Jim tells you that the statute of limitations precludes the IRS from taking any action as to this year.a. Is Jim correct about the application of the statute of limitations?
b. If Jim refuses to file for 2011, should you prepare returns for 2012 through 2014? Select "True or False", whichever is applicable.Yes, but only after you inform the IRS of the error.False