Walter Did Not File His 2016 Tax Return That Was

question 15

Essay

Walter did not file his 2016 tax return that was due April 15, 2017 until June 2, 2017.
a. When does the statute of limitations expire for this return assuming he did not file for an automatic extension?
b. When does the statute of limitations expire if Walter forgot to report a land sale that occurred on January 10, 2017? He had a $20,000 gain on the transaction and he reported gross income for 2017 of $75,000?
c. When does the statute of limitations expire if Walter deliberately omitted the $20,000 gain on the land sale?

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Definitions:

Dissociative Identity Disorder

A mental disorder in which a person exhibits two or more distinct and alternating personalities.

Anorexia Nervosa

A psychological and potentially life-threatening eating disorder characterized by extremely low body weight, distorted body image, and an obsessive fear of gaining weight.

Fugue State

An uncommon mental health condition marked by temporary memory loss concerning one's own identity, affecting memories, personality traits, and various aspects that define a person's individuality.

Bulimia Nervosa

A psychiatric disorder characterized by binge eating followed by purging to prevent weight gain.