Allen filed his 2018 tax return on May 15^th, 2019 and underreported his gross income by 30 percent. Assuming Allen's underreporting is not due to fraud, the statute of limitations for IRS assessment on Allen's 2018 tax return should end:

Question

Quizplus · Accepted Answer

Because Allen underreported his gross income by 30 percent, the SOL ends six years from the later of (1) the date the tax return was filed or (2) the tax return's original due date.

Allen Filed His 2018 Tax Return on May 15th, 2019

Allen Filed His 2018 Tax Return on May 15^th, 2019