Latashia reports $100,000 of gross income on her 2014 tax return,filed April 15,2015.She omits $30,000 of income,but the error was not fraudulent.When does the statute of limitations for examining her tax return expire?
A)April 15,2017
B)April 15,2018
C)April 15,2021
D)It never expires.

Question

Quizplus · Accepted Answer

The statute of limitations is generally three years, but it extends to six years if more than 25% of gross income is omitted.

Latashia Reports $100,000 of Gross Income on Her 2014 Tax