IRS Practice & Procedure In year 1, X timely filed his income tax return. X...
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Accounting
IRS Practice & Procedure
In year 1, X timely filed his income tax return. X properly owed and paid tax for that year. In year 4, X incurs a net operating loss. What is the statute of limitations for obtaining a refund for year 1 taxes upon the carryback of the loss? Explain.
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