During 2020, John, a U.S. citizen, owned 20% and 25% interests in CFCs A and B, respectively, as well as a 3% interest in a PFIC. John timely filed his 2020 U.S. Individual Income Tax Return, Form 1040, on April 15, 2021. John is generally very careless when it comes to business matters and does not file a 2020 Form 8621 relating to his PFIC interest until June 30, 2021. Furthermore, John does not file his 2020 Form 5471 as to his 20% interest in CFC-A until November 7, 2022, and John has still not filed his 2020 Form 5471 as to his 25% interest in CFC-B. If the IRS audits John's 2020 Form 1040 and attempts to assess additional income tax, the statute of limitations will expire on: Group of answer choices June 30, 2024. April 15, 2024. Not until 3 years after the 2020 Form 5471 is filed as to his 25% interest in CFC-B. November 7, 2025.

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