Allen Filed His 2018 Tax Return on May 15ᵗʰ, 2019

question 63

Multiple Choice

Allen filed his 2018 tax return on May 15ᵗʰ, 2019 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 2018 tax return should end:

• A) May 15ᵗʰ, 2021.
• B) April 15ᵗʰ, 2021.
• C) May 15ᵗʰ, 2022.
• D) April 15ᵗʰ, 2022.
• E) None of the choices are correct.

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Definitions:

Logic Elements

Basic building blocks used in digital circuits and systems, such as AND, OR, NOT gates, which perform logical operations.

Sequential Function Chart

A graphical programming language used in programmable logic controllers (PLCs) for describing steps or states and the transitions between them.

Ladder Logic

A graphical programming language used to develop software for programmable logic controllers (PLCs) that emulates electrical relay logic.