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Mr Hepp, a Self-Employed Consultant, Failed to Include a $38,200

question 7

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Mr. Hepp, a self-employed consultant, failed to include a $38,200 income item on his 2011 Form 1040, which he filed on March 9, 2012. The gross income reported on the return was $102,380. What is the latest date that the IRS can assess any additional 2011 tax?


Definitions:

Xanthoderma

A condition characterized by the yellowing of the skin due to an accumulation of lipochrome pigments.

Keloid

A raised, often large scar that grows beyond the original bounds of a wound, resulting from excessive collagen production during healing.

Collagen

The main structural protein found in skin and other connective tissues, widely used in purified form for cosmetic surgical treatments.

Decubitus

A medical term referring to a body position in which the patient lies down. It also pertains to pressure sores that can develop from prolonged bedrest.

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