Question: question # 7 Julio reported $ 6 5 , 0 0 0 of gross income on his 2 0 2 4 federal income tax return

question #7
Julio reported $65,000 of gross income on his 2024 federal income tax return filed on April 10,2025. His actual gross income that he should have reported was $85,000. The IRS believes that Julio was not intentionally trying to defraud the government. When would the statute of limitations expire on Julio's 2024 federally filed income tax return?
Multiple Choice
April 10,2028
April 15,2028
April 15,2031
It will never expire because it was a fraudulent return even if the government is not prosecuting Julio.
question # 7 Julio reported $ 6 5 , 0 0 0 of

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!