For the 2014 Tax Returns, Indicate When the Statute of Limitation

question 72

Essay

For the 2014 tax returns, indicate when the statute of limitation expires and why.
a. Simon filed his tax return on April 10, 2015.
b. Billy and Barbara filed their tax returns late on December 1, 2015.
c. Pearson earns a living through various illegal activities. He filed his tax return on March 14, 2015 but did not report his illegal income on his tax return.
d. Luther filed his tax return on July 17, 2015 but has accidentally underreported his taxable gross income by 20%.

---

Definitions:

Slow

Characterized by a rate of motion or progress that is less than usual or desired.

Performance Problems

Issues or difficulties encountered in the execution or achievement of tasks or objectives, often impacting productivity and efficiency.

Corrective Action

A process of identifying and resolving issues that prevents or corrects deviations from set standards or objectives, aiming to eliminate causes of non-conformities.

Statesmanship

The skill, wisdom, and respectability demonstrated by a leader in managing public affairs and making decisions.