Carl purposely omitted from his 2017 tax return $40,000 of the gross receipts that he collected as
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Carl purposely omitted from his 2017 tax return $40,000 of the gross receipts that he collected as the owner of a restaurant. His 2017 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 of what year?
a. 2019
b. 2022
c. 2024
d. 2025
e. There is no expiration date for the statute of limitations in this context.
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e A tax may be assessed at any time when a taxpayer files a fals...View the full answer
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