Evelyn filed her 2015 tax return on March 17, 2016. The statute of limitations for Franchise Tax Board (FTB) to assess tax for this tax year would therefore expire on what date?
A. April 15, 2017 B. April 15, 2018 C. April 15, 2019 D. April 15, 2020
The statute of limitations for Franchise Tax Board (FTB) to assess tax for any tax year will expire 4 years after the original return due date
SO the Correct Answer is D. April 15,2020
Evelyn filed her 2015 tax return on March 17, 2016. The statute of limitations for Franchise...
Henry filed his 2017 tax return on May 15th, 2018. The statute of limitations for IRS assessment on Hemry’s 2017 tax return should end: April 15th, 2021 May 15th, 2021 April 15th, 2020 May 15th, 2020 None of these
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
Henry filed his 2018 tax return on May 15th, 2019. The statute of limitations for IRS assessment on Henry's 2018 tax return should end: A. May 15th, 2021. B. None of the choices are correct. C. April 15th, 2021. D. May 15th, 2022. E. April 15th, 2022. If a taxpayer requests an extension to file her individual tax return, the latest she could file her return without a failure-to-file penalty is: A. November 15th....
Income Tax Basic Tax Essentials: Penalties & Amended Returns (2017) 1*Mitchell waited until July 5, 2017, to file his 2016 Form 1040A return. He did request an extension and paid 90% of the anticipated balance due on April 18, 2017. His remaining balance due on his 2016 return is $88. What is his failure to file penalty? a)$205 b)$88 c)0 2*Joseline waited until December 12, 2017, to file her 2016 Form 1040A return. She did not request an extension. Her...
Regarding the statute of limitations on additional a5sessments of tax by the IRS, detennine the applicable period in each of the following situations. Assume a calendar year individual with no fraud or substantial omission involved. a. The income tax return for 2017 was filed on February 19, 2018. b. The income tax return for 2017 was filed on June 25, 2018. c.The income tax return for 2017 was prepared on April 4, 2018, but was never filed. Through some misunderstanding...
Diane report $120,000 of taxable income on her 2019 tax return, filed April 19,2020. She omits $40,000 of income, but the error was not fraudulent. when does the statute of limitation for examining her tax return expire? A. April 15,2026. B. April 19,2026. C. April 15,2023. D. April 19,2023
Karen timely filed her 2016 return on April 15, 2017. Under ordinary circumstances, what is the last day she can file an amended 2016 return to receive a refund of taxes paid? April 15, 2019. October 15, 2019. April 15, 2020. October 15, 2020.
Adam filed his 2015 return on March 20, 2016. On June 15, 2016, he filed an amendment to change his filing status from single to head of household (HOH). Adam's qualifying child for HOH is not a dependent claimed on his original return. What is Adam required to do on his Form 1040X? Incorrect
Allen filed his 2019 tax return on May 15th, 2020, 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 2019 tax return should end: Multiple Choice May 15th, 2022 April 15th, 2022 May 15th, 2023 April 15th 2023
For no particularly good reason, Ms. Martel has not yet filed her 2015 Form 1040. Which of the following statements, if any, is false? If the government owes Ms. Martel a refund of 2015 tax, there is no penalty if she never files the return. The statute of limitations on the return will begin to run on the return due date. If Ms. Martel owes additional 2015 tax, she will owe a late-filing and late-payment penalty for 2015. None of...