Alison accidentally omitted $40,000 of gross income from the restaurant she owned on her 2018 tax return.
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Alison accidentally omitted $40,000 of gross income from the restaurant she owned on her 2018 tax return. The return showed gross income of $150,000 when filed on October 15, 2019. When can the IRS no longer pursue Alison with the threat of collection of the related tax, interest, and penalties (assuming there was no fraud)?
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October 15 2025 The 40000 of gross income inadvertently omitted i...View the full answer
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Related Book For
Taxation For Decision Makers 2020
ISBN: 9781119562108
10th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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