Question: Carl purposely omitted from his 2014 tax return $ 40,000 of the gross receipts that he collected as the owner of a restaurant. His 2014
Carl purposely omitted from his 2014 tax return $ 40,000 of the gross receipts that he collected as the owner of a restaurant. His 2014 return indicated collective gross receipts of $ 25,000. The IRS no longer can pursue Carl with the threat of collection of the related tax, interest, and penalties, as of April 15, ___
a. 2016
b. 2019
c. 2021
d. 2022
e. There is no expiration date for the statute of limitations in this context.
a. 2016
b. 2019
c. 2021
d. 2022
e. There is no expiration date for the statute of limitations in this context.
Step by Step Solution
★★★★★
3.53 Rating (167 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
e A tax may be assessed at any time when a taxpayer files a fals... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
584-L-B-L-T-L (1554).docx
120 KBs Word File
