Adamo filed his 2017 tax return on March 15, 2018. Adamo accidentally omitted $10,000 of income...
Adamo filed his 2017 tax return on March 15, 2018. Adamo accidentally omitted $10,000 of income from his individual tax return. The total gross income shown on the tax return was $35,000. When will the statute of limitations expire for Adamo’s 2017 tax return?
March 15, 2021
March 15, 2024
April 15, 2024
April 15, 2021
Homework Answers
Answer: 4th option
The tax return covers 2017 calendar year. Therefore, the due date of filing return is 15th April 2018.
Since it was filed before the due date but there was a mistake, it could be amended in 3 years after 15th April 2018, which is 15th April 2021.
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