For the tax year 2018, Noah reported gross income of $300,000 on his timely filed Federal income tax return.
a. Presuming that the general rule applies, when does the statute of limitations on assessments normally expire?
b. Suppose that Noah inadvertently omitted gross income of $76,000. When does the statute of limitations on assessments expire?
c. Suppose the omission was deliberate, not inadvertent. When does the statute of limitations on assessments expire?

Question

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The Answer of For the tax year 2018, Noah reported gross income of $300,000 on his timely filed Federal income tax return.
a. Presuming that the general rule applies, when does the statute of limitations on assessments normally expire?
b. Suppose that Noah inadvertently omitted gross income of $76,000. When does the statute of limitations on assessments expire?
c. Suppose the omission was deliberate, not inadvertent. When does the statute of limitations on assessments expire?

For the Tax Year 2018, Noah Reported Gross Income of $300,000