Allen filed his 2013 tax return on May 15^th,2014 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 2013 tax return should end:

Question

Quizplus · Accepted Answer

According to the question, since Allen underreported his gross income by 30 percent, the SOL ends six years from the later of (1) the date the tax return was filed or (2) the tax return's original due date. Therefore, the SOL for IRS assessment on Allen's 2013 tax return should end on April 15, 2020 (6 years after the original due date of April 15, 2014). None of the given choices match this answer, hence the correct answer is E (None of these).

Allen Filed His 2013 Tax Return on May 15th,2014 and Underreported

Allen Filed His 2013 Tax Return on May 15^th,2014 and Underreported