Allen Filed His 2014 Tax Return on May 15th, 2015

question 106

Multiple Choice

Allen filed his 2014 tax return on May 15th, 2015 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 2013 tax return should end:

• A) May 15th, 2017.
• B) April 15th, 2017.
• C) May 15th, 2018.
• D) April 15th, 2018.
• E) None of these.

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Definitions:

Developmental Stage

A qualitatively distinctive, coherent pattern of behavior that emerges during the course of development.

Teratogen

Any agent or substance that can cause malformation or serious developmental abnormalities in an embryo or fetus.

WIC Program

A federal assistance program in the United States providing nutrition education and food vouchers for pregnant women, postpartum women, and young children.

Food Staples

Basic and essential food items that are consumed regularly and in large volumes, forming the foundation of the traditional diet in a given culture or community.