Allen filed his 2017 tax return on May 15ᵗʰ,2018 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 2017 tax return should end:
A) May 15ᵗʰ, 2020.
B) April 15ᵗʰ, 2020.
C) May 15ᵗʰ, 2021.
D) April 15ᵗʰ, 2021.
E) None of the choices are correct.
Correct Answer:
Verified
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