Which of the following deductions has a 6-year statute of limitations?
A. Worthless securities
B. A return in which the taxpayer omitted gross income in excess of 25% of the gross income shown on the return
C. Travel and entertainment
D. Depreciation
E. Salaries
Ans: B. A return in which the taxpayer omitted gross income in excess of 25% of the gross income shown on the return
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a. true b. false