I am really confused on this one O She wants to change her filing status from ma

Question

I am really confused on this one

O She wants to change her filing status from married filing separately to married filing jointly. Kate received an Internal Revenue Service (IRS) notice. You determine that the notice is correct, and she should p balance due. Mark for follow up Question 12 of 75 If an amended return is based on a non-business bad debt or worthless security, how many years (from the date of the return) does a taxpayer generally have to file the amended return? O 4 years. O 5 years. 0 6 years. 7 years. Mark for follow up

Explanation / Answer

12. The answer is the last option “7 years”.

A taxpayer, after filing his/her original return, should file amended return by three years from the date of filing of original return and from two years from the date of paying taxes on the return.

However, in special situations of worthless security or non-business bad debt, the taxpayer can file the amended return within 7 years.

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