Latashia reports $100,000 of gross income on her 2012 tax return,filed April 15,2013.She omits $30,000 of income,but the error was not fraudulent.When does the statute of limitations for examining her tax return expire?

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The statute of limitations for the IRS to assess additional tax is generally three years. However, if more than 25% of gross income is omitted, the period extends to six years. Since $30,000 is more than 25% of $100,000, the statute of limitations is six years, expiring on April 15, 2019.

Latashia Reports $100,000 of Gross Income on Her 2012 Tax