Question: When does the statute of limitations expire? Why? a . Frannie Smithe timely files her return on April 1 5 , 2 0 x

 

When does the statute of limitations expire? Why?

a. Frannie Smithe timely files her return on April 15, 20x1, stating that her income is $60,000. Her actual income is $100,000.

b. Bob Un banks has not filed a return for the past five years, because he does not believe the government is working for him.

c. A taxpayer undergoing an audit sign a Form 872, Consent to Extend the Time to Assess Income Tax, and agrees to extend the period of limitations for another six months.

d. ZEEE Company carries back a net operating loss to its third prior tax year by filing an amended return for the carryback year.

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