Allen filed his 2017 tax return on May 15th, 2018 and underreported his gross income by30 percent. Assuming Allen's underreporting is not due to fraud, the statute of limitations for IRS assessment on Allen's 2017 tax return should end:
A) April 15th, 2020.
B) April 15th, 2021.
C) May 15th, 2021.
D) May 15th, 2020.
E) None of the choices are correct.
Correct Answer:
Verified
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