Sandy had the following items on her timely filed 2018 income tax return: Sandy inadvertently omitted some
Question:
Sandy had the following items on her timely filed 2018 income tax return:
Sandy inadvertently omitted some income on her 2018 return. What is the statute of limitations if she omitted $100,000 of income on the return? re if she omitted $120,000 of income?
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ANSWER The statute of limitations for the IRS to assess additional taxes depends on the amount of in...View the full answer
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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